Mahathir Mohamad
Mahathir Mohamad. AFP

The newly elected Prime Minister of Malaysia, Mahathir Bin Mohamad, said he may stay on as leader for one or two years, after earlier agreeing to step aside, following coalition leader Anwar Ibrahim’s release from prison.

The 92-year-old Mahathir made the remarks on Tuesday via video conference to a Wall Street Journal conference in Tokyo.

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He said that Anwar, a former enemy turned ally, may be just a member of parliament for a while.

Mahathir also said he may bring a case against former Prime Minister Najib Razak, who has been accused of corruption.

He had barred Najib from leaving Malaysia and pledged to reopen a corruption probe into state fund 1MDB.

Mahathir also ordered the Malaysian Police to raid the house of former Prime Minister Najib Razak and millions of dollars and diamonds were seized.

Reuters reported that the Malaysian Anti-Corruption Commission found evidence in late 2015 that RM42mil was transferred from a former subsidiary of state fund into an account of Razak.