Kuala Lumpur — Malaysian authorities have made the first arrest in a renewed probe into the multibillion dollar scandal at state fund 1MDB, remanding a former aide of ousted prime minister Najib Razak to assist in investigations, Bernama news reported on Monday. Malaysia’s new government, led by 92-year-old Mahathir Mohamad, reopened investigations into billions of dollars allegedly siphoned out of 1Malaysia Development Berhad (1MDB) after Najib’s administration lost a general election in May, fuelled by anger over the scandal and rising living costs. On Monday, a magistrate’s court granted an application by antigraft officials to remand Najib’s former aide for a week to assist in their investigations into 1MDB, according to a report by national newswire Bernama. The aide, described in the report as having worked for Najib since 2009, was arrested on Sunday night after giving a statement at the Malaysian AntiCorruption Commission’s (MACC) headquarters in the administrative capital o...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now