Malaysian prosecutors wrap up first case against Najib

Image
AFP Kuala Lumpur
Last Updated : Aug 27 2019 | 3:30 PM IST

Malaysian prosecutors Tuesday wrapped up the first of several cases against toppled leader Najib Razak over the plundering of 1MDB, a day before the start of his main trial linked to the scandal-hit fund.

With the prosecution now finished, a judge will hear arguments from both sides in October and rule on November 11 whether the case is strong enough to continue.

If he rules it is, Najib will likely begin his defence in December.

The former prime minister, his family members and inner circle are accused of stealing billions of dollars from the sovereign wealth fund 1MDB in a fraud that stretched around the world.

The claims played a major part in Najib's government losing power at elections last year. He was arrested after being ejected from office, and went on trial in April.

The current trial is the first of several that Najib is expected to face over 1MDB, and centres on claims that 42 million ringgit (USD 10 million) was stolen from SRC International, a former unit of the fund.

The prosecution called 57 witnesses during the first stage of the trial and the court heard evidence about the lavish lifestyle enjoyed by Najib and his widely reviled wife, Rosmah Mansor, after allegedly looting state coffers.

Najib has denied all charges.

The 66-year-old's biggest trial over 1MDB will begin Wednesday, centring on allegations that hundreds of millions of dollars linked to the fund were transferred to his bank account.

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: Aug 27 2019 | 3:30 PM IST

Next Story