Najib faces seven charges in the first of several criminal proceedings he is due to face over suspected money laundering of $4.5 billion from state fund 1Malaysia Development Berhad (1MDB). The trial relates to suspected transfers totalling 42 million ringgit ($10.3 million) into Najib's bank account from SRC International, a former 1MDB unit. Attorney-General Tommy Thomas is expected to deliver the prosecution's opening statement at Kuala Lumpur High Court, Bernama state news agency reported. Prosecutor V Sithambaram said it was up to the High Court judge to decide whether the trial should be delayed pending the review. At least six countries, including the United States, Switzerland and Singapore, have launched money laundering and graft probes into 1MDB, set up by Najib in 2009.

Source: bd News24 April 02, 2019 23:03 UTC