1MDB Talks With Malaysia Should Start Quickly, Swiss Say

Investors had anticipated the bearish reaction to Dr Mahathir Mohamad becoming prime minister once more

She said the full pardon for her father, who is now in a hospital recovering from shoulder surgery, was sought due to a "miscarriage of justice".

Malaysian Prime Minister Mahathir Mohamad says he will be the prime minister for up to two years and then play "a role in the background".

Anwar was freed in 2004 and cleared of the sodomy charges after Mahathir retired.

On Tuesday, 92-year-old Mahathir wrote off the prospect of immediately handing over power to Anwar, as hoped by some among Anwar's large urban support base. He added that he would make the final decision about cabinet posts.

"The Anwar and Mahathir relationship will be a challenge to navigate as trust, ambition and priorities will be likely problem areas", said Welsh, a Southeast Asia expert who was in Malaysia to monitor the polls.

"I'm not in a rush", Anwar was quoted as saying.

Auditor General Madinah Mohamad verified the authenticity of the report seen by Reuters. His wife Wan Azizah Wan Ismail, who heads Anwar's party, is now the new deputy prime minister.

Anwar, Mahathir said, "maybe [will] have a seat in the cabinet" after he is voted into office and have a similar role to other heads of individual opposition parties within the alliance.

Before he could become prime minister, Anwar must first contest a by-election to become a member of parliament.

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Once a high flyer in the ruling party, Anwar was convicted of homosexual sodomy - and an additional charge of corruption - in 1998 amid a power struggle with Mahathir, at the peak of his authoritarian run in power. He and his supporters say the charge was politically motivated. Mahathir said he can't suspend Apandi until he is investigated.

"We think that within a short while we will have a case against him", Mahathir said. "If there is no case, we do not go for detention without trial".

The US State Department alleges that at least US$4.5 billion (RM17.81 billion) were looted from the fund, and funnelled to the United States where it was used to buy everything from artwork to high-end real estate and a luxury yacht.

Malaysia's attorney general rejected a recommendation in 2015 to investigate potential wrongdoing by then Prime Minister Najib Razak.

A total of US$681 million also mysteriously appeared in Najib's personal bank accounts in 2013 just ahead of a hotly-contested election. Najib has said the deposit was a donation by an unnamed member of the Saudi royal family, which had been largely returned. Swiss Attorney General Michael Lauber has been publicly critical of the lack of cooperation his team of prosecutors got from the government of former Malaysia premier Najib Razak, who himself has been accused of pocketing some of the diverted money.

The country's anti-corruption commission found Razak had $10.6 million in his bank account which originated from a former subsidiary of the state fund 1MDB.

Irwan, who also served as chairman of 1MDB, would also be barred from leaving the country, government sources told BenarNews.

The ousted prime minister has denied any wrongdoing.

Mahathir also said he welcomed foreign direct investment in Malaysia by China and other countries, but such investment must bring in capital and technology and provide jobs for Malaysians.

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