Former Malaysia PM Najib Razak arrived at a Kuala Lumpur court on April 15 (Photo: AFP/VNA)Kuala Lumpur (VNA) – The1Malaysia Development Bhd (1MDB) trial involving former Malaysian PrimeMinister Najib Razak will start on August 19 as scheduled.
High Court judge Collin LawrenceSequerah fixed the date after rejecting Malaysian Attorney-General (AG) TommyThomas' request for the case to be postponed until Najib's trial involvingabuse of SRC International funds, a former branch of the 1MDB, is completed.
Sequerah rejected the applicationafter noting that this was the third time the prosecution was seeking apostponement.
On May 14, Sequerah agreed to asecond postponement of the 1MDB trial to August 19, to make way for the ongoingSRC International trial.
The AG on June 21 had also appliedfor a postponement of the 1MDB trial stating that Najib’s SRC Internationaltrial was moving slower than expected, saying that the 1MDB’s trial could startin October.
Thomas said he had called 40witnesses in the trial (SRC International) and is expected to call 25 more.
With the AG’s request rejected, the 1MDBtrial is scheduled to take place from August 19 to 29, and will run the wholeof September and October except Fridays and the first two weeks of November.
Former Malaysian PM Najib is facing25 charges relating to graft and money laundering of 2.28 billion ringgit thathad allegedly come from 1MDB.
He founded the 1MDB investment fundin 2009, supposedly to serve Malaysia’s development through global partnershipsand foreign direct investment.
However, it became the centre of amoney laundering scandal, allegedly causing losses of up to 4.5 billion USD andleading to probes in Malaysia and several other countries such as the US,Switzerland, Singapore, and China. -VNA
High Court judge Collin LawrenceSequerah fixed the date after rejecting Malaysian Attorney-General (AG) TommyThomas' request for the case to be postponed until Najib's trial involvingabuse of SRC International funds, a former branch of the 1MDB, is completed.
Sequerah rejected the applicationafter noting that this was the third time the prosecution was seeking apostponement.
On May 14, Sequerah agreed to asecond postponement of the 1MDB trial to August 19, to make way for the ongoingSRC International trial.
The AG on June 21 had also appliedfor a postponement of the 1MDB trial stating that Najib’s SRC Internationaltrial was moving slower than expected, saying that the 1MDB’s trial could startin October.
Thomas said he had called 40witnesses in the trial (SRC International) and is expected to call 25 more.
With the AG’s request rejected, the 1MDBtrial is scheduled to take place from August 19 to 29, and will run the wholeof September and October except Fridays and the first two weeks of November.
Former Malaysian PM Najib is facing25 charges relating to graft and money laundering of 2.28 billion ringgit thathad allegedly come from 1MDB.
He founded the 1MDB investment fundin 2009, supposedly to serve Malaysia’s development through global partnershipsand foreign direct investment.
However, it became the centre of amoney laundering scandal, allegedly causing losses of up to 4.5 billion USD andleading to probes in Malaysia and several other countries such as the US,Switzerland, Singapore, and China. -VNA
VNA
