Najib’s trial began Wednesday

Oct 1, 2014 || by eayana

Malaysia’s Former PM Najib Razak Begins Trial On Slush

Malaysia’s former Prime Minister Najib Razak is on trial in a wide ranging corruption case, accused of canada goose clearance siphoning millions of dollars from a state investment fund called 1MDB. Najib’s trial began Wednesday, nearly a canada goose outlet reviews canada goose outlet year after he was voted out of office.

Najib, 65, has insisted he is innocent, saying he didn’t improperly enrich himself during the decade in which he jointly served as Malaysia’s prime minister and finance minister.

“Today’s trial involves the transfer of more than $10 million into Najib’s personal account from an canada goose black friday cheap Canada Goose sale account linked to 1MDB,” NPR’s Michael Sullivan canada goose outlet online reports Canada Goose Jackets from Kuala Lumpur. “Investigations by other countries allege that hundreds of millions found their way into Najib’s accounts over canada goose factory outlet the years.”

The former prime minister is facing a raft of charges that uk canada goose include criminal breach of trust and money laundering and Wednesday’s trial is the first of many cases brought against him in connection with the broader 1MBD scandal and canada goose black friday sale the alleged misuse of billions of dollars. bank Goldman Sachs, which also faces canada goose outlet store uk charges related to 1MDB.

Founded in 2009, the alleged slush fund snowballed from being a tool for exorbitant lifestyles to fueling massive pet projects. Speaking to NPR’s Morning Edition, the Journal’s Tom Wright, who helped break the story, called it “probably the largest corruption scandal ever to have occurred.”

Wright says 1MDB “wasn’t a traditional sovereign wealth fund. This was a fund that went and raised money on global markets uk canada goose outlet and it goose outlet canada did so with the help of Goldman Sachs.”

He laid out how the 1MDB enterprise got its start:

“It started in 2009 when the Malaysian prime minister at the time, Najib Razak, wanted a political slush fund to stay in power. And he leaned on a cheap canada goose 27 year old Malaysian financier called Jho Low, who he allowed to run a sovereign wealth fund.

“Low helped him to funnel money around the world and $1 canada goose outlet sale billion into Najib’s account, that Najib then used to canada goose outlet parka pay off politicians in his home country. But unbeknownst to Najib, Jho Low then used billions more to fund a billionaire’s lifestyle. companies like EMI Music Publishing. and Malaysia. But he remains Canada Goose Coats On Sale at large and is currently believed to be living in China.

The Two Way

In Election Upset, Malaysia’s Mahathir Returns To Power After 15 Years

Attorney General Tommy Thomas laid out the case against Najib in court Wednesday highlighting a shopping trip in late 2014 in which Najib is said to have used his credit card to buy $130,625 worth of items at a Chanel store in Honolulu, Hawaii.

Thomas said Najib also used the money to pay for renovations at two properties that the former leader owns.

“A former prime minister is charged under due process in the ordinary court of the land, like any other accused,” Thomas said, according to Malaysian newspaper The Star. “The accused is not above the law and his prosecution and this trial should serve canada goose outlet jackets as precedents for all future holders of this august office.”

The Two Way

Malaysian Police Seize Cash, Jewels, Designer canada goose outlet black friday Bags From Ousted Premier’s Residence

Malaysia is currently led by Prime Minister Mahathir Mohamad, the country’s previous long time leader who returned to the post last year, when Najib’s political party lost power for the first time in more than 60 years.

Within days of Najib’s election loss last May, police zeroed in on the buy canada goose jacket ousted leader, raiding a residence at which they seized numerous luxury items, from Hermes crocodile skin bags official canada goose outlet to diamonds and jewelry. The goods, some of which were bought in Paris and Switzerland, included more than 560 handbags and 2,200 rings.


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