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Malaysia's former leader Najib in the dock as graft trial begins

Video Credit: Reuters Studio - Duration: 01:42s - Published < > Embed
Malaysia's former leader Najib in the dock as graft trial begins

Malaysia's former leader Najib in the dock as graft trial begins

Ten years to the day after he was sworn in, disgraced former Malaysian Prime Minister Najib Razak has begun to stand trial for corruption charges linked to a multibillion-dollar scandal that brought down his government.

Ed Giles reports.

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Malaysia's former leader Najib in the dock as graft trial begins

Malaysia's disgraced former leader, Najib Razak, appeared in the dock on Wednesday (April 3) on corruption charges linked to a multibillion dollar scandal that's been credited with bringing down his government.

Ten years to the day since he was sworn in as his country's Prime Minister, Najib walked into the Kuala Lumpur High Court surrounded by journalists and a handful of supporters.

He faced seven charges on Wednesday in the first of a series of criminal proceedings over suspected money laundering of 4.5 billion dollars from state fund 1MDB.

The trial relates to suspected transfers totaling more than 10 million dollars into Najib's bank account from a former unit of 1MDB.

It was due to start last month but was delayed due to an appeal by his lawyers.

Najib has pleaded not guilty to the charges, and has consistently denied any wrongdoing.

He says the charges against him are politically motivated.

Also on Wednesday Malaysia said it would sell a superyacht allegedly bought with funds stolen from 1MDB as part of an effort to recover the billions lost in the scandal.

Malaysia's Attorney General saying in a statement the 300-foot yacht had been bought by casino operator Genting Malaysia for 126 million dollars.

The so-called "Equanimity" is among assets allegedly bought by the fugitive financier known as Jho Low, with money taken from the fund.

That's according to U.S. and Malaysian investigators.

Low allegedly paid 250 million dollars for the yacht, that has a helipad, swimming pool and an interior clad in gold leaf.

At least six countries including Malaysia, the United States and Switzerland have been investigating the missing billions from 1MDB.




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