(UPDATE) KUALA LUMPUR — A court in Malaysia ruled on Wednesday that jailed former prime minister Najib Razak would have to defend himself against charges of abuse of power and money laundering linked to the scandal-wracked 1Malaysia Development Berhad (1MDB) sovereign wealth fund.
KUALA LUMPUR — A court in Malaysia ruled on Wednesday that jailed former prime minister Najib Razak would have to defend himself against charges of abuse of power and money laundering linked to the scandal-wracked 1Malaysia Development Berhad sovereign wealth fund.Presiding judge Collin Lawrence Sequerah said the prosecution successfully established that Najib had a case to answer for on four counts of abuse of power linked to alleged bribes worth 2.
The hearing came just days after Najib issued an apology that the 1MDB scandal happened during his tenure but maintained he had no knowledge of illegal transfers from the now-defunct state fund.'It pains me every day to know that the 1MDB debacle happened under my watch as minister of finance and prime minister,' Najib wrote in a statement read by his son Mohamad Nizar last Thursday.'For that, I would like to apologize unreservedly to the Malaysian people,' he added.
Ex-PM Najib To Take Stand In 1MDB Trial
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