The former Prime Minister of Malaysia, Najib Razak, faced judges last Wednesday regarding the allegations of his highly-anticipated trial against corruption. Najib was accused of attempting to conceal the robbery after allegedly embezzling billions of funds from a state-owned development. The former Prime Minister was ousted of office last year in the middle of a public rage because of the scandal. Prime Minister Mahathir Mohamad promised his countrymen to persecute all those who have taken part in the heinous act and recover the millions of stolen funds.
Najib has been incriminated in 5 separate cases of accounts of corruption, money laundering, accounts of abuse of power, and criminal breach of trust all linked to a state-owned investment fund by the 1 Malaysia Development Berhad or commonly referred to as 1MDB. Aside from former Prime Minister Najib Razak, a Malaysian businessman by the name of Low Taek Jho, or also known as Jho Low, allegedly with Najib, worked out the plan all along. Allegations that Najib himself embezzled a total of 550 million US dollars from the year 2011 up to 2014 and apparently, according to authorities, an estimate of 4.5 billion US dollars was stolen from the investment fund. The 1MDB scandal first started when he was still the prime minister way back 2015 but the attorney general cleared Najib of any crime stating that the 681 million dollars from his personal account was a gift from the Saudi princess before 2013 elections. He further added that most of the money was returned to the said princess.
The head prosecutor of the case, Gopal Sri Ram, explained the complicated yet systematic transactions of the former prime minister, Najib Razak, to gain gratification for himself. Mr. Gopal spoke to court, during their first day of the trial, that they will bring about the facts of the case that will further insinuate that Jho Low and the accused prime minister apparently performed the act of theft together. He even said that the fugitive businessman was the disgraced prime minister’s alter ego. He also accused him of interfering with the ongoing investigation by abusing his power during his term.
The 1 Malaysia Development Berhad, or 1MDB, was established by Najib Razak in the year 2009 with the aim of building the economic development of the nation. According to the former prime minister, he vehemently denies being involved in such offense and considers the scandal to be made-up by his enemies to destroy his image.
Police authorities ransacked several suites he owned and found approximately 400 high-end, luxury bags and cash which roughly estimates to millions of dollars. During one of his interviews, Mr. Najib stated that the money and items found, which includes the luxury bags, were wedding presents. He added that as a former prime minister he doesn’t deserve the way he is treated right now. The scandal of the first trial started last April where he was suspected of transferring funds, with a total of 10 million US dollars, from a unit of 1MDB, SRC International funds, to his account from years 2012 and 2015. A verdict will be posted later this year.