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Malaysia’s former PM Najib goes on trial

Posted in World

Published on April 10, 2019 with No Comments

Malaysia’s ex-leader Najib Razak has pleaded not guilty to all charges against him as he went on trial on over a multi-billion-dollar fraud, almost a year after his shock election loss.

The 65-year-old faced the first of several trials over his alleged involvement in the looting of sovereign wealth fund 1MDB, a state investment vehicle established to develop the economy of the Southeast Asian nation.

The former premier and his cronies are accused of plundering billions of dollars from the fund and spending it on everything from high-end real estate to artworks and a luxury yacht. He had been tipped to win another term in office easily last year and extend his coalition’s six-decade stranglehold on power, only to be soundly defeated by his former boss, Mahathir Mohamad, who rode a wave of public anger over 1MDB to the premiership. In the months that followed, once-dormant investigations into the controversy were relaunched and Najib was hit with dozens of corruption charges linked to the plundering of the fund.

 

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