Malaysia ex-PM Muhyiddin pleads innocent in corruption case

By AP News

Former Prime Minister Muhyiddin Yassin has been charged with corruption and money laundering, making him Malaysia’s second ex-leader to be indicted after leaving office

Malaysia Corruption

KUALA LUMPUR, Malaysia (AP) — Former Prime Minister Muhyiddin Yassin was charged Friday with corruption and money laundering, making him Malaysia's second ex-leader to be indicted after leaving office.

Muhyiddin, 75, pleaded innocent to four charges of abusing his power to obtain bribes for his party and two charges of money laundering. He was arrested Thursday by the anti-graft agency but released on bail, slamming the charges against him as political persecution to crush his opposition alliance ahead of state elections.

The charges came after Prime Minister Anwar Ibrahim, who took power in November, ordered a review of government projects approved by past administrations including Muhyiddin, who led Malaysia from March 2020 until August 2021.

Two senior members from Muhyiddin's Bersatu party were recently charged with graft. The anti-graft agency has also frozen Bersatu's party accounts.

IMPORTANT NOTICE AND DISCLAIMER

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter