Prosecutor alleges former Malaysian PM used ‘elaborate’ plan to loot 1MDB state investment fund

Former Malaysian prime minister Najib Razak’s second corruption trial started Wednesday, with a prosecutor alleging he pilfered billions of dollars from the 1MDB state investment fund through an “elaborate charade” and then sought to cover his tracks.

“The prosecution will prove that the accused, by his words and conduct, made it clear to 1MDB’s officers, its board and others that Jho Low was his alter ego. In truth, Jho Low was the accused’s mirror image.” His first trial, involving seven charges linked to transfer of funds from a former 1MDB unit to Najib’s bank accounts, ended Tuesday after five months. The judge will rule Nov. 11 on whether to acquit him or call his defence.

After the scandal first broke in 2015, he said Najib and Low used fake letters and checks to pretend that the $681-million channelled into Najib’s bank accounts were largely a donation from an Arab prince. Najib also interfered in the investigations, Sri Ram said.

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