>> 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 says authorities picked him up at home after serving a remand order.
The Malaysian Task Force said Najib would be charged in court on Wednesday morning. Founded in 2009, 1MDB is being investigated over alleged money laundering and graft in at least six countries. Civil suits filled by the US Department of Justice, alleged that nearly $4.5 billion was misappropriated from the fund.
Prime Minister Mahathir Mohamad reopened investigations after scoring a shock election win over Najib in May. Since then, he said Malaysia has a quote, almost perfect case against the former leader. Najib has consistently denied any wrongdoing. On Monday, Malaysia's 1MDB Task Force froze over 400 bank accounts as part of the probe.
The task force said the freeze involved funds totaling over $270 million. The accounts were linked to individuals and companies thought to have received funds from 1MDB.>>
>> In May, Malaysian police raided a series of apartments, some owned by Najib's and his family. They found nearly $30 million in cash and more than 400 luxury handbags.