The High Court of Malaysia has agreed to postpone Najib Razak’s 1Malaysia Development Berhad fund (1MDB) trial as the former Prime Minister is currently under 14-day home quarantine following his return from Sabah, the state with the highest COVID-19 tally in the country, on September 27.
Former Malaysian Prime Minister Najib Razak. (Photo: The Star)
Kuala Lumpur (VNA) - The High Courtof Malaysia has agreed to postpone Najib Razak’s 1Malaysia Development Berhadfund (1MDB) trial as the former Prime Minister is currently under 14-day homequarantine following his return from Sabah, the state with the highest COVID-19tally in the country, on September 27.
The trial was previously scheduled to resume onOctober 5 and last until October 8.
However, High Court judge Collin LawrenceSequerah on October 5 morning decided to allow the request by Najib’s lawyersto have their client’s trial deferred.
Najib Razak is facing four charges of powerabuse from which he reportedly earned 2.28 billion RM (nearly 5.5 billion USD)while serving as Prime Minister, Minister of Finance and chairman of the 1MDBadvisory board. He is also facing 21 money-laundering charges involving4.3 billion RM.
If found guilty, he may carry a prison sentenceof up to 20 years.
The 1MDB was formed by Najib Razak in 2009, supposedlyto serve Malaysia’s development through global partnerships and foreign directinvestment.
This fund was the centre of the scandalous lossof 3.7 billion USD believed to be corrupt money transferred to other countriesfor laundering, leading to a series of investigations in Malaysia and somecountries like the US, Switzerland and Singapore. The scandal is also one ofthe causes of Najib Razak’s failure in the 2018 election.
♑ In late July, Kuala Lumpur’s High Courtsentenced Najib Razak to 12 years in prison and fined him 210 million RM forpower abuse linked with the 1MDB./.
The US Department of Justice (DoJ) on April 14 said it has repatriated another 300 million USD recovered from asset seizures linked to the 1Malaysia Development Berhad (1MDB) to the Southeast Asian nation.
Malaysian government prosecutors on June 9 withdrew corruption charges against Musa Aman, a senior figure in the United Malays National Organisation (UMNO) of former Prime Minister Najib Razak, who related to the 1Malaysia Development Berhad (1MDB) fund.
A Malaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB) fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaid taxes over seven years while he was still in office, the National News Agency Bernama of Malaysia reported.
Former Malaysian prime minister Najib Razak was found guilty of all seven charges in his first corruption trial on July 28 involving millions of ringgit linked to state development fund 1Malaysia Development Berhad (1MDB).
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Former Malaysian Prime Minister Najib Razak. (Photo: The Star) 
