Toppled Malaysian leader’s 1MDB trial delayed - News Summed Up

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Toppled Malaysian leader’s 1MDB trial delayed


Najib had been due to go on trial Tuesday for the first time over allegations he was involved in the looting of Malaysian sovereign wealth fund 1MDB in a fraud that stretched around the world. ADVERTISEMENTBut his lawyers filed an application for the trial to be delayed pending an appeal on a technicality related to the transfer of charges between different courts. “It won’t be delayed too long,” he said, adding he hoped the appeal would only take a week or two. Since losing power, Najib has been arrested repeatedly and hit with a total of 42 charges linked to 1MDB. The trial originally scheduled to begin Tuesday is on seven charges related to allegations Najib pocketed 42 million ringgit ($10.3 million) from SRC International, a former unit of 1MDB.


Source: Philippine Daily Inquirer February 11, 2019 09:56 UTC



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