Thursday 14 November 2019
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The News - 22 days ago

Najib engaged in ?well-planned? plot to plunder state fund

KUALA LUMPUR: Malaysian ex-leader Najib Razak engaged in a well-planned plot to plunder state fund 1MDB, prosecutors argued Tuesday as a judge prepares to decide whether his first trial over the scandal should proceed.But the defence team of the 66-year-old, who was voted out of office last year in large part due to allegations he and his cronies pilfered massive sums from the fund to buy everything from real estate to artwork, said that the evidence presented in court was not enough to prove his guilt. After being ejected from office, Najib was hit with dozens of charges and his first 1MDB-linked trial began in April, centring on claims 42 million ringgit ($10 million) was stolen from a former unit of the fund.The prosecution wrapped up its case in August. On Tuesday prosecutors and defence lawyers presented arguments before the judge rules on November 11 whether the case is strong enough to move forward. If it proceeds, Najib will likely begin his defence in December. Prosecutor V. Sithambaram told the Kuala Lumpur High Court that Najib engaged in a planned, premeditated plot to steal the money over several years.

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