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| Malaysia 1MDB: Ex-PM Najib is charged with corruption | |
| (35 minutes later) | |
| Former Malaysian PM Najib Razak has been charged with corruption in a Kuala Lumpur court. | |
| Mr Najib was arrested by anti-corruption authorities on Tuesday and spent the night in detention. | Mr Najib was arrested by anti-corruption authorities on Tuesday and spent the night in detention. |
| He has long been accused of pocketing $700m (£517m) from the state development fund 1MDB, which he set up. | |
| The ex-leader has been dogged by scandal for years and an investigation began after his shock election loss in May. He denies all wrongdoing. | The ex-leader has been dogged by scandal for years and an investigation began after his shock election loss in May. He denies all wrongdoing. |
| On Wednesday, Mr Najib was charged with three counts of criminal breach of trust. | |
| In a pre-recorded video posted on Twitter a day earlier, he appealed to the public not to believe the reports, saying that not all of the accusations were true. "I have not had a chance to defend myself," he said. | |
| Billions of dollars are unaccounted for from the 1MDB fund. | Billions of dollars are unaccounted for from the 1MDB fund. |
| Raids in recent weeks have been carried out across properties linked to Mr Najib. | Raids in recent weeks have been carried out across properties linked to Mr Najib. |
| Police say they recovered $273m in luxury goods and cash from a raid in June, calling the seizure of valuables the biggest in Malaysian history. | Police say they recovered $273m in luxury goods and cash from a raid in June, calling the seizure of valuables the biggest in Malaysian history. |
| Jewellery accounted for the biggest portion of the seizure, with the most expensive item being a $1.6m diamond and gold necklace. | Jewellery accounted for the biggest portion of the seizure, with the most expensive item being a $1.6m diamond and gold necklace. |
| Mr Najib has always denied the corruption charges and had been cleared by Malaysian authorities while in power, but he is being investigated by several other countries. | Mr Najib has always denied the corruption charges and had been cleared by Malaysian authorities while in power, but he is being investigated by several other countries. |
| He has been banned from leaving Malaysia. | He has been banned from leaving Malaysia. |
| 1MDB, set up by Mr Najib in 2009, was meant to turn Kuala Lumpur into a financial hub and boost the economy through strategic investments. | 1MDB, set up by Mr Najib in 2009, was meant to turn Kuala Lumpur into a financial hub and boost the economy through strategic investments. |
| But it started to attract negative attention in early 2015 after it missed payments for some of the $11bn it owed to banks and bondholders. | But it started to attract negative attention in early 2015 after it missed payments for some of the $11bn it owed to banks and bondholders. |
| Then the Wall Street Journal (WSJ) reported it had seen a paper trail that allegedly traced close to $700m from the fund to Mr Najib's personal bank accounts. | Then the Wall Street Journal (WSJ) reported it had seen a paper trail that allegedly traced close to $700m from the fund to Mr Najib's personal bank accounts. |
| Mr Najib has consistently denied taking money from 1MDB or any public funds. | Mr Najib has consistently denied taking money from 1MDB or any public funds. |