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Monday, August 19, 2019

NAJIB 1MDB TRIAL - Day 1: Najib's 1MDB trial may be postponed



The criminal trial of former prime minister Najib Abdul Razak for 25 counts of abuse of power and money laundering of 1MDB funds enters its first day today at the High Court in Kuala Lumpur.
Malaysiakini brings you live reports of the proceedings.

Nearly a year after being charged, the trial of former premier Najib Abdul Razak for abusing power and laundering RM2.28 billion in 1MDB funds is set to begin today.
Following multiple failed attempts at postponement, the hearing is scheduled to start before Kuala Lumpur High Court judge Collin Lawrence Sequerah (photo) at 9am.
The 1MDB matter involves the largest set of charges against Najib, with the 25 counts linked to the 1MDB scandal, particularly the RM2.6 billion donation he claims to have received.
Four charges are for abusing his position to obtain RM2.28 billion from 1MDB.
The remaining 21 charges are for money laundering via receiving, spending and returning the RM2.08 billion donation (as it was valued at the time) from Tanore Finance Corporation.
However, it is understood that the prosecution, with the support of the defence team, will try to apply for the trial be rescheduled.
Among reasons that may be cited are to allow for the RM42 million SRC International trial before Kuala Lumpur High Court judge Mohd Nazlan Mohd Ghazali to be completed with the testimony of the final prosecution witness, MACC investigating officer Rosli Hussain.
Additionally, the prosecution only managed to serve the statements of the witnesses in the 1MDB case on the defence last Friday.
Under the Criminal Procedure Code, witness statements are to be served on the defence no later than 14 days prior to trial, unless agreed to by both parties.
Depending on the outcome of the application before Sequerah, Najib's defence team will appear before Nazlan today to inform him of progress, with the possibility that the SRC case may even proceed today. - Mkini

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