The High Court in Kuala Lumpur, Malaysia, has ruled that former Prime Minister Najib Razak must enter a defense in his second corruption trial related to the 1MDB state investment fund. The fund, established by Najib in 2009 to promote economic development, became embroiled in a scandal involving the alleged misappropriation of billions of dollars.
The prosecution has accused Najib of abusing his power to siphon over $700 million from the fund into his personal bank accounts between 2011 and 2014. Additionally, he faces 21 counts of money laundering involving the same amount. The trial judge highlighted Najib's vested interest in 1MDB and his central role in transactions that led to the fund's substantial debt.
Witness testimony contradicted Najib's assertion that the funds in his accounts were a donation from the Saudi royal family. Despite the court's decision, Najib remains resolute and has pledged to testify under oath when the trial resumes on December 2.
The 1MDB scandal had far-reaching consequences, resulting in Najib's electoral defeat in 2018 and subsequent legal battles. He is currently serving a prison sentence following his conviction in a previous graft case linked to 1MDB.
Najib's ongoing trial, which commenced in August 2019, has seen 50 witnesses provide testimony over more than 230 days of hearings. While he expressed regret for the scandal occurring during his tenure, Najib maintains his innocence.
If found guilty, Najib could face up to 20 years in prison for each abuse of power charge and up to five years for each money laundering offense. In addition to his current trial, he faces separate charges related to criminal breach of trust and money laundering, as do his wife and other former government officials.
