$800,000 spent in one day on Malaysia ex-PM's cards, court hears

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$800,000 spent in one day on Malaysia ex-PM's cards, court hears.

Credit cards belonging to Malaysia's disgraced ex-leader Najib Razak were used to spend over $800,000 in one day at a luxury jeweller in Italy, a court has heard.

The former prime minister, his family members and inner circle are accused of stealing billions of dollars from Malaysian sovereign wealth fund 1MDB in a fraud that stretched around the world. At a hearing in the case Monday, a bank official said two credit cards belonging to the ex-leader were used to spend 3.3 million ringgit at a branch of Swiss jeweller De Grisogono in Italy, state news agency Bernama reported.

The cards were also used to pay over 460,000 ringgit at a Chanel boutique in Hawaii and over 120,000 ringgit at a Shangri-La Hotel in Bangkok, he told the Kuala Lumpur court."This expenditure is for a gift to a senior member of the royalty of a government and their entourage that has good relations with our country," he said in a Facebook post.The ex-leader has denied all the charges against him.

 

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