Malaysian court to deliver verdict in Najib's first 1MDB trial

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[KUALA LUMPUR] A Malaysian court will hand down its verdict in Najib Razak's first corruption trial on Tuesday following a long-running case probing the former prime minister's role in the multi-billion-dollar 1MDB scandal. Read more at The Business Times.

It centres on the transfer of RM42 million from a former 1MDB unit, SRC International, into his bank accounts.

The defence team have portrayed Najib as a victim and instead sought to paint financier Low Taek Jho, a key figure in the scandal who has been charged in the US and Malaysia, as the mastermind.Prosecutors however insist Najib was in control of the 1MDB unit, SRC International.

Prosecutors also dropped dozens of charges against Najib ally Musa Aman, the former leader of Sabah state.Each charge of corruption carries a maximum jail term of 20 years, and each money-laundering count is punishable by a term of up to 15 years.If he is found guilty and the conviction is upheld, then he would also be barred from political office for several years.

 

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