Mahathir quits Umno over Najib scandal
Kuala Lumpur
FORMER Malaysian premier Mahathir Mohamad announced on Monday he was quitting the ruling party, saying it had degenerated into an organisation whose sole purpose was to protect the scandal-plagued Prime Minister Najib Razak.
For months, Dr Mahathir has been a leading voice calling for the ouster of Mr Najib, who is under pressure over allegations that billions of dollars had been pilfered from state firms, and for accepting a mysterious US$681 million sum from an overseas source.
"I want to leave Umno because it is no longer Umno," Dr Mahathir was quoted saying, referring to the United Malays National Organisation, which he led from 1981-…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year