Former Malaysian Prime Minister Najib Razak was arrested on Wednesday to face fresh corruption charges related to scandal-hit state investment fund 1Malaysia Development Berhad, the Malaysia's anti-graft body said.

The Malaysian Anti-Corruption Commission (MACC) said in a statement that Najib will be held overnight and charged on Thursday in connection with a 2.6 billion Malaysian Ringgit ($628 million) sum deposited into his bank account from the 1MDB investment fund, the New Strait Times reported. The MACC will assist the police to record Najib's statement in the money laundering investigation before the former Prime Minister is brought to Kuala Lumpur Sessions court on Thursday, the statement added.