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00:00:00
>>
APPLAUSE
Former Malaysian Prime MInister Najib Razak has been arrested, following an investigation into how billions of dollars went missing from a state fund he founded. Malaysia's 1MDB Task Force confirmed Najib's arrest on Tuesday afternoon. Sources close to the family said authorities picked him up at home. Reuters Joseph Sipalan says the news has gone viral online.
00:00:26
>> Malaysians are generally ecstatic over the decision to charge Najib today. They were glued on their phones, on social media commenting, saying that this is something they could only dream about before the elections two months ago. And now that it's actually happening, they keep on declaring this to be the new Malaysia.
00:00:48
>> Founded in 2009, 1MDB is being investigated over alleged money laundering and graft in at least six countries. Civil suits filed by the US Department of Justice, alleged that nearly $4.5 billion was misappropriated from the fund. Malaysian Prime Minster Mahathir Bin Mohamad reopened investigations after scoring a shock election win over Najib in May.
00:01:12
Since then, he's said, Malaysia has a quote, almost perfect case against the former leader.>> He was totally responsible for 1MDB. Nothing can be done without his signature and we have his signature on all the deals and the
INAUDIBL
] into 1MDB. Therefore he is responsible.>> Najib has consistently denied any wrongdoing.
00:01:36
On Monday, Malaysia's 1MDB Task Force froze over 400 bank accounts as part of the probe. In May, Malaysian police raided a series of apartments, some owned by Najib and his family. They found nearly $30 million in cash, and more than 400 luxury handbags.