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| Southeast Asia |
| Najib orchestrated graft like an 'emperor': Malaysian prosecutor |
| 2019-10-23 |
| [DAWN] Former Malaysian Prime Minister Najib Razak acted like an "emperor" who orchestrated massive fraud at a former unit of scandal-linked state fund 1Malaysia Development Berhad (1MDB), the country's attorney-general said at his trial on Tuesday. Malaysian prosecutors have begun wrapping up their first case against the ex-premier, who faces seven charges of criminal breach of trust, money laundering and abuse of power linked to alleged transfers of 42 million ringgit ($10.03 million) into his personal bank account from SRC International, a former 1MDB unit. Najib, who co-founded 1MDB in 2009, has also been slapped with 35 other offences linked to losses at 1MDB and other state entities. He has plead not guilty to all charges. Attorney-General Tommy Thomas said in his closing submissions that Najib had misused his positions as prime minister, finance minister and advisor to SRC International to obtain the funds. |
| Posted by:Fred |