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Home / World / Malaysia: Ex-prime minister Najib Razak's largest 1MDB study has begun | news

Malaysia: Ex-prime minister Najib Razak's largest 1MDB study has begun | news



Former Malaysian Prime Minister Najib Razak has arrived in court on the long-awaited first trial day for the largest of five lawsuits in connection with a billion-dollar corruption scandal in the sovereign wealth fund 1MDB.

The opening of the process has been postponed several times to allow the completion of a separate process involving the former 1MDB unit SRC International.

Najib, who lost a parliamentary election last year, was charged with 42 charges of corruption and money laundering at 1Malaysia Development Berhad (1MDB) and other state agencies.

He did not plead guilty in the earlier cases, claiming that the prosecution was politically motivated. On Wednesday, Najib used his position as chairman of the 1

MDB Advisory Council, Prime Minister and Finance Minister to influence the board of 1MDB and certain unusual ones To carry out transactions with undue haste. "

" An elaborate charade was used. It was played in four phases in which several characters played a role. His goal was to enrich himself, "said Sri Ram.

He added that volatile businessman Low Taek Jho, known by his Monicker Jho Low, played an important role in the charade.

" The Charge This will lead to an irresistible conclusion that Jho Low and the defendant acted as one at all material times, "said Sri Ram.

Najib's lawyers had tried to postpone the 1MDB process at a time Supreme Court to close the SRC case

The SRC trial, initiated in April, was interrupted on 14 August after Najib contracted an eye infection, stopping the interrogation of the prosecution's last witness. 19659004] Najib is about to complete a total of 42 criminal charges of corruption and money laundering at 1MDB and other state agencies, which he does not accuse for all pleaded guilty.

In the highly anticipated proceedings on Wednesday, Najib is accused four times of having used his positions gratifying In an interview with Al Jazeera, James Chin, director of the Asia Institute at the University of Tasmania, said that the Malaysians "have a long, protracted "process because of the complexity of the case."

"You are talking about a lot of money moving in many jurisdictions around the world. It will be very complicated and we will probably not get a verdict until next year.

Chin also said that there is "very strong" public pressure on the government to "plead Najib." [19659004] "But on the government side, I think the calculation is a bit different. They know they have four years left to make sure he's found guilty, "he added.

" The basic strategy is to incriminate him with as much of the corruption charges as possible. The idea is that if he is found guilty in an indictment, he loses his status as an MP, which means he will no longer be a threat in the next parliamentary elections.

1MDB has been appearing in at least six countries, including the United States, where the Department of Justice allegedly removed $ 4.5 billion from the fund.


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