BFF-34 Malaysia ex-PM to face trial next week on 1MDB charges

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Malaysia ex-PM to face trial next week on 1MDB charges

KUALA LUMPUR, March 28, 2019 (BSS/AFP) – Malaysia’s ousted prime minister
is scheduled to go on trial next week over a massive financial scandal that
helped topple his government, a prosecutor said Thursday.

Najib Razak had originally been due to stand trial in February over
allegations linked to his involvement in the looting of Malaysian sovereign
wealth fund 1MDB.

He and his cronies are accused of plundering billions of dollars from the
investment vehicle and spending it on everything from high-end real estate to
artworks in a fraud that stretched around the world.

An 11th-hour appeal by his legal team succeeded in getting the case
postponed, a hold-up that sparked fresh criticism of the new government’s
failure to swiftly bring him to justice.

But a judge reportedly ruled that the trial — related to just a small
amount of the total sum allegedly looted — should now proceed, and a
prosecutor confirmed it would start on Wednesday.

“Prosecutors are ready and we will call the witnesses on Wednesday to
provide the evidence,” V. Sithambaram, a criminal lawyer on the prosecution
team, told AFP.

The 1MDB scandal played a major part in persuading voters to oust Najib’s
coalition after six decades in power at elections in May last year, and he
has been hit with dozens of charges over the controversy.

He denies wrongdoing.

In next week’s trial, Najib faces seven charges and is accused of pocketing
42 million ringgit ($10.3 million) from SRC International, a former unit of
1MDB.

It is just one of several trials Najib, who is free on bail, is expected to
face over 1MDB.

Cynthia Gabriel, head of the non-profit group The Centre to Combat
Corruption and Cronyism, welcomed the news but said that Malaysians had been
“kept waiting for too long”.

“Malaysia’s have not forgotten Najib’s crimes of theft amounting to
billions,” she told AFP.

BSS/AFP/ARS/1654 hrs