The former prime minister of Malaysia has been arrested amid an investigation into allegations of massive corruption. A Najib spokesperson did not immediately have a comment.
Since the shock loss, both Najib and wife Datin Seri Rosmah Mansor were barred from leaving the country, following fears that the couple might be planning to flee the country to escape prosecution.
Mr Najib will be charged Wednesday, a task force set up to investigate corruption involving Malaysian state fund 1MDB said in a statement.
Civil lawsuits filed by the US Department of Justice allege that almost US$4.5 billion ($6.7 billion) was misappropriated from 1MDB.
Najib came to power in 2009 and soon after founded 1MDB which is being investigated in at least six countries for alleged money laundering.
The US lawsuits said US$681 (RM2.6 billion) of the stolen funds from 1MDB had been transferred to "Malaysian Official 1"'s (MO1) account, though Najib reportedly insisted last week that the money was a donation from the Saudi royal family. He has consistently denied wrongdoing.
Luxury goods such as a 6.4 million ringgit diamond necklace and more than 200 sunglasses valued at 374,000 ringgit were taken from five residences and an office linked to Najib, Amar Singh, commercial crime investigation department director at the police, told reporters.
Najib Razak, 64, has been accused of embezzling government money from a sovereign wealth fund worth billions of dollars.
Najib's stepson Riza Aziz, an aspiring film producer, is also alleged to have used tens of millions of dollars from the fund to finance the Hollywood films The Wolf Of Wall Street, which starred Leonardo DiCaprio, Dumb and Dumber To and the Will Ferrell film Daddy's Home. Red Granite agreed in March to pay the US government $60 million to settle claims it benefited from the 1MDB scandal. That includes real estate, art and proceeds from "The Wolf of Wall Street", which was directed by Martin Scorsese and starred Leonardo DiCaprio. US investigators say $4.5 billion is suspected to have been looted and laundered from the fund, some of which landed in Najib's bank accounts.
He was detained as part of an investigation over the 1MDB corruption scandal.