Malaysian court postpones for a week the biggest of five trials linked to a multibillion-dollar scam at state fund 1MDB in which former PM Najib Razak is implicated
Former Malaysia's prime minister Najib Razak leaves the courthouse in Kuala Lumpur on December 12, 2018 after being charged in court.
A Malaysian court on Monday postponed for a week the biggest of five trials linked to a multi-billion-dollar scam at state fund 1MDB and allegedly involving former prime minister Najib Razak. Najib, who lost a general election last year, has been hit with 42 criminal charges of graft and money laundering at 1Malaysia Development Berhad and other state entities."If you need more time, I can stand down or adjourn ... but for now we will proceed on Monday and check again on on Thursday," Judge Collin Lawrence Sequerah said.The US Department of Justice says about $4.5 billion was misappropriated from the fund.
In the trial in Kuala Lumpur, Najib will have to fight 21 charges of money laundering and four of abuse of power for receiving illegal transfers of about $550.8 million between 2011 and 2014.
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