Malaysia ex-PM Najib’s 1MDB graft trial resumes
The 65-year-old finally went on trial this month over his alleged role in looting the investment vehicle, the first of several court cases he is expected to face over the controversy.
The ex-prime minister and his cronies are accused of stealing billions of dollars from 1MDB and spending it on everything from high-end real estate to artworks and a luxury yacht.
The allegations played a large part in prompting voters to oust his corruption-plagued coalition, which had been in power for six decades, at historic elections last year. Since then, Najib has been arrested and hit with dozens of charges over the scandal.
The ex-leader’s highly-anticipated trial began on April 3, with Najib denying seven charges related to the theft of 42 million ringgit ($10.2 million) from SRC International, a former 1MDB unit.
It is just a fraction of the money Najib is accused of stealing — he has also been charged in a separate case over the alleged transfer of $681 million to his bank account.
He arrived at the High Court in Kuala Lumpur Monday for the second day of proceedings, wearing a dark suit and tie, and passed through a scrum of journalists before entering the courtroom and taking his seat in the dock.
A handful of supporters waited outside, with some yelling “Long live Najib”, but there were far fewer than on the first day of his trial.
Proceedings began with the defence team cross-examining Companies Commission of Malaysia official Muhamad Akmaluddin Abdullah, who had testified when the trial opened, on matters related to SRC’s records.
The court then heard from Azizul Adzani Abdul Ghafar, an investigating officer from the central bank, who took part in a raid on the branch of a local bank, AmBank, and seized documents.
“We went there in relation to an investigation of a crime under (anti-money laundering laws),” he said.
The money stolen from the 1MDB unit was allegedly transferred into Najib’s accounts at the bank. Prosecutors also handed over documents to the court containing details of Najib’s AmBank accounts.
Opening the prosecution’s case earlier this month, Attorney-General Tommy Thomas told the court that Najib was “not above the law” despite having been premier for almost a decade.
Najib has consistently denied any wrongdoing over the looting of 1MDB.
Prime Minister Mahathir Mohamad, who came out of retirement to lead an alliance to a shock election victory against Najib’s government last year, has pledged to bring Najib to justice and recoup the huge sums of cash stolen from 1MDB.
The US Department of Justice, which is investigating the 1MDB controversy as money was allegedly laundered through the American financial system, believes $4.5 billion in total was looted from the fund.
Malaysia has also charged Wall Street titan Goldman Sachs over the scandal, alleging the bank and its former employees stole billions of dollars from 1MDB
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