pennews
www.pennews.net
Malaysia’s former PM Najib Razak faces biggest trial yet
International

Malaysia’s former PM Najib Razak faces biggest trial yet

Agency News

Kuala Lumpur, 28 Aug, 2019: Former Malaysian Prime Minister Najib Razak has gone on trial again over an alleged multibillion-dollar fraud.

Mr Najib is facing several trials over misappropriation of the state investment fund 1MDB which money-laundering and abuse of power.

While prosecutors alleged that he received and covered up illegal transfers of money, Najib has denied any wrongdoing.

The 1 Malaysia Development Berhad (1MDB) fund was set up in 2009, when Najib Razak was prime minister, to aid the nation's economic development.