Malaysian Ex-PM Najib Due To Go On Trial Over 1MDB-Linked Graft | 10/4/2018 | Staff
KUALA LUMPUR (Reuters) – Ten years to the day after he was sworn in, disgraced former Malaysian Prime Minister Najib Razak is expected to go on trial on Wednesday suspected of corruption linked to a multibillion-dollar scandal that brought down his government.

Najib faces seven charges in the first of several criminal proceedings he is due to face over suspected money laundering of $4.5 billion from state fund 1Malaysia Development Berhad (1MDB).

Trial - Transfers - Ringgit - Najib - Bank

The trial relates to suspected transfers totaling 42 million ringgit ($10.3 million) into Najib’s bank account from SRC International, a former 1MDB unit.

Najib has pleaded not guilty to three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power over the transfers, which involve a fraction of the $1 billion investigators allege made its way into his accounts.

Najib - Wrongdoing - Charges

Najib has consistently denied wrongdoing and says the charges against him are politically motivated.

Attorney-General Tommy Thomas is expected to deliver the prosecution’s opening statement at Kuala Lumpur High Court, Bernama state news agency reported.

Trial - GMT

The trial is due to begin at 0600 GMT.

Prosecutors are prepared to call more than 60 witnesses, and three of them – described as government and banking officials – could take the stand...
(Excerpt) Read more at:
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!