The corruption trial of the former Malaysian prime minister Najib Razak over charges related to a multibillion-dollar scandal at the state fund 1MDB has been postponed, in a blow to efforts to bring the disgraced politician to justice.
He had been due to go on trial on Tuesday for the first time over allegations linked to his involvement in the looting of the 1MDB fund, in which more than $4.5bn (£3.5bn) of state money was embezzled and spent lavishly in Malaysia and around the world on everything from Manhattan real estate and diamonds to Pablo Picasso paintings and Hollywood films.
Najib, who is the first former Malaysian prime minister to be charged with crimes carried out while…
This is only a snippet of a Business Article written by Hannah Ellis-Petersen South-east Asia correspondent
Read Full Article
This Content is Generated from RSS Feeds, if your content is featured and you would like to be removed, please Contact Us With your website address and name of site you wish to be removed from.
You can control what content is distributed in your RSS Feed by using your Website Editor.