Former Malaysian PM pleads not guilty in 1MDB-linked graft case

Image
ANI Asia
Last Updated : Dec 03 2019 | 4:10 PM IST

Former Malaysian Prime Minister Najib Razak on Tuesday pleaded not guilty in cases related to a multi-billion dollar scandal during his much-awaited testification before the High Court here, reported Al Jazeera.

On December 12 last year, Razak was charged for tampering with the 1MDB strategic development company's final audit report, in addition to corruption charges that Najib pleaded not guilty to.

Razak has been accused of taking 42 million ringgit (USD10m) from SRC International, a unit of 1MDB.

Najib entered the witness box to read out his 243-page statement. Najib defended the creation of 1MDB and sought to portray fugitive Malaysian financier Jho Taek Low as its driving force, noting his supposed connections with the Saudi royal family.

Speaking to media, lead defence lawyer Muhammad Shafee Abdullah said, "Najib is not part of the conspiracy," Shafee told journalists after the court broke for lunch. "Najib is a victim as much as the other victims of 1MDB and SRC."

Najib was arrested by the Malaysian Anti-Corruption Commission (MACC) over the alleged tampering with the 1MDB audit report and was released on bail.

Najib was charged along with Arul Kanda Kandasamy, the former president and chief executive of 1MDB.

In July 2018, Najib was charged with corruption-related offences, including three counts of criminal breach of trust, over his alleged involvement in the 1MBD corruption scandal. He pleaded not guilty to all charges.

The United States Department of Justice had reported that around USD 4.5 billion was embezzled from the 1MDB funds by high-ranking Malaysian officials.

Around 40 people gathered outside the court on Tuesday to show their support to the former minister who remains an opposition member of parliament.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 03 2019 | 3:52 PM IST

Next Story