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Thursday, November 21, 2024

Malaysia’s former Prime Minister Najib Razak has gone on trial for his role in a financial scandal that has sent shockwaves around the world.

He faces seven charges in the first of several criminal cases accusing him of pocketing $681m (£522m) from the sovereign wealth fund 1MDB.

Mr Najib pleaded not guilty to all the charges on Wednesday.
The 1MDB fund was designed to boost Malaysia’s economy through strategic investments.

But instead it allegedly funded lavish lifestyles, a Hollywood film and a super-yacht.

Mr Najib’s lawyers made a last-minute bid to delay proceedings but the judge ruled against them.

In the prosecution’s opening statement, Malaysia’s Attorney-General Tommy Thomas said the “near absolute power” Mr Najib had wielded carried with it “enormous responsibility”.

“The accused is not above the law,” he added.

While the former prime minister faces several criminal cases, Wednesday’s trial is the first major trial in the scandal.

Proceedings were originally set to begin on 12 February, but were delayed for related appeals to be heard.

Malaysia’s government has also filed criminal charges against Wall Street firm Goldman Sachs, accusing the investment bank of defrauding investors by raising money for 1MDB.

The bank has denied all wrongdoing and said it would “vigorously defend the charges”.

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Message from the CEO

On Internatonal Women’s Day

The mankind will not exist if there is no woman on this planet .Nature gave this power to woman to carry the source of existence.In today’s world even there are lots of awareness and activities to protect the rights of women there are still many evidence of discrimination and abuse for women . Women are still facing difficulties to live a decent and happy life . The physical or gender differences should not matter , what is most important is that we are all human being and Humanity is above all .

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