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2019-10-23 Southeast Asia
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Najib orchestrated graft like an 'emperor': Malaysian prosecutor
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[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.
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Posted by Fred 2019-10-23 00:00||
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