Malaysia ex-PM NajibRazak's major 1MDB trial postponed
Malaysian ex-leader Najib Razak's most significant 1MDB trial, which centres on claims huge sums ended up in his bank account, was postponed on Monday for a week after prosecutors said they were not ready.[KUALA LUMPUR] Malaysian ex-leader Najib Razak's most significant 1MDB trial, which centres on claims huge sums ended up in his bank account, was postponed on Monday for a week after prosecutors said they were not ready.
Billions of dollars were looted from 1MDB and spent on everything from real estate to artwork, in a fraud allegedly involving Najib and his inner circle. In the case, Najib faces 21 counts of money-laundering and four of abuse of power, including the allegations that the huge sums were sent to his account from overseas banks.When reports surfaced that large amounts of cash from the fund had flowed into Najib's bank account, it dramatically ratcheted up pressure on the leader and his inner circle.
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