[KUALA LUMPUR] The laundry list of allegations against Malaysia's former leader Najib Razak for his role in 1MDB points to a lengthy road ahead as his trial begins on Wednesday. Read more at The Business Times.
Criminal proceedings in Malaysia should begin no later than 90 days after charges are served - it has been nine months since Najib was presented with his earliest charges.The upcoming trial will focus on allegations linked to his oversight of funds held by 1MDB's former unit SRC International Sdn. He faces one charge of receiving RM42 million of bribes and three counts of criminal breach of trust. He was subsequently charged with three more counts of related money-laundering charges.
He was jointly charged with then-Treasury Secretary-General Irwan Serigar related to RM6.6 billion of government payments to an Abu Dhabi sovereign wealth fund as well as monies linked to rail and pipeline projects that involve Chinese companies. Najib faces six counts of criminal breach of trust for his alleged role.
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