Top
Millennium Post

Malaysia ex-PM use 'elaborate' plan to loot fund: prosecutor

Malaysia ex-PM use elaborate plan to loot fund: prosecutor

Kuala Lumpur: Former Malaysian Prime Minister Najib Razak's second corruption trial has started, with a prosecutor alleging he pilfered billions of dollars from the 1MDB state investment fund through an "elaborate charade" and then sought to cover his tracks.

Chief prosecutor Gopal Sri Ram says the prosecution would show how Najib took steps to channel 1MDB money into his accounts using a "circuitous route" including a purported donation from a Saudi prince to prevent detection of the source of the funds.

He told the High Court on Wednesday that prosecutors will also show that fugitive financier Low Taek Jho was Najib's "alter ego" and that the two acted as one in the scam.

Najib faces 42 graft charges linked to the 1MDB scandal that led to his election defeat last year.

Next Story
Share it