UNITED NEWS INTERNATIONAL — It’s been a long fall from grace for former Malaysian Prime Minister Najib Razak.
Just a few months ago the leader was on his way to what many considered a sure re-election.
An upset ensued and Najib was ousted — hounded by allegations of corruption involving an investment fund he founded.
On Aug. 8 Malaysian authorities charged Najib with three counts of violating the money-laundering act, involving 1Malaysia Development Berhad Fund (1MDB).
It’s alleged Najib received more than $10 million into his personal bank account from 1MDB.
He’s also facing breach of trust and abuse of power charges.
It’s reportedly one of the world’s largest financial scandals with several countries investigating, including the U.S.
The U.S. Department of Justice meanwhile, estimated $4.5 billion has been misappropriated from 1MDB by high-level officials and associates.