Malaysian ex-PM Najib ordered to enter defence in 1MDB case

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Judge orders Najib to enter defence in 1MDB case

High Court Judge Mohamad Nazlan Mohamad Ghazali said the prosecution had established its case on charges of abuse of power, breach of trust and money laundering.

Najib, 66, has denied any wrongdoing and could face years in prison if convicted. The patrician former leader, whose father and uncles were the country's second and third prime ministers respectively, accuses Malaysia's new government of seeking political vengeance. U.S. investigators say Najib's associates pilfered more than $4.5 billion from 1MDB between 2009 and 2014 and laundered the money through layers of bank accounts in the U.S. and other countries to finance Hollywood films and buy hotels, a luxury yacht, art works, jewelry and other extravagances. More than $700 million from the fund allegedly landed in Najib's bank account.

 

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