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Thursday, October 24, 2019

NAJIB 1MDB TRIAL - Day 25: Najib's 1MDB trial resumes following breather for his SRC case



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

Summary of Najib’s 1MDB ‘donation’ case

Najib is facing 25 charges of receiving RM2.28 billion, which originated from 1MDB through Tanore Finance Corp, a company owned by Eric Tan, a close associate of fugitive businessperson Jho Low.

The 25th day of Najib Abdul Razak's RM2.28 billion 1MDB trial goes on today following a two-day gap in proceedings this week.
Hearing before Kuala Lumpur High Court judge Collin Lawrence Sequerah did not proceed on Tuesday and Wednesday due to the accused former prime minister needing to attend to oral submissions in his separate RM42 million SRC International case at another court.
With the 1MDB trial being less than half a day on Monday due to Najib's lead counsel Muhammad Shafee Abdullah needing to go for an eye check-up, the defence today will have the whole day to resume cross-examination of the ninth prosecution witness, the sovereign wealth fund's ex-CEO Shahrol Azral Ibrahim Halmi.
Three days ago, the star witness testified that the planned ceremony at Putrajaya for the official signing of the joint-venture project between 1MDB and PetroSaudi International Limited (PSI) on Sept 29, 2009, never took place.
Shahrol told the court that he and then-PSI CEO Tarek Obaid signed the agreement separately instead of an earlier planned official ceremony featuring then-premier Najib and the late Saudi King Abdullah Abdul Aziz al-Saud.
[More to follow] - Mkini

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