KUALA LUMPUR, Malaysia—Former Malaysian Prime Minister Najib Razak lost his bid to delay the first of several trials related to the multibillion scandal surrounding state investment fund 1Malaysia Development Bhd., with proceedings finally getting under way Wednesday. In coming months, Mr. Najib will face 42 charges in all, most of them linked to how vast sums of money were siphoned out of 1MDB. U.S. investigators say more than $4.5 billion was stolen between 2009 and 2014 and laundered through a variety of bank accounts,...

Source: Wall Street Journal April 03, 2019 13:18 UTC