KUALA LUMPUR - Ten years to the day after he was first sworn in as Malaysia's prime minister, Najib Razak stood trial on Wednesday for corruption charges linked to a multibillion-dollar scandal that brought down his government.
"The accused is not above the law and his prosecution and this trial should serve as precedents," Tommy Thomas said in an opening statement. Najib faces seven charges: three counts each of criminal breach of trust and money laundering, and one count of abuse of power. They relate to suspected transfers totalling 42 million ringgit to his bank account from SRC International, a former 1MDB unit.
1MDB, founded by Najib in 2009, is the subject of corruption and money laundering investigations in at least six countries. The U.S. Department of Justice has said about $4.5 billion was misappropriated from the fund.
Source: Law Daily Report (lawdailyreport.net)
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