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Thursday, March 12, 2020

Day 35: Najib 1MDB trial resumes after four months break

Malaysiakini

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.

NAJIB 1MDB TRIAL | After four months hiatus, former prime minister Najib Abdul Razak's RM2.28 billion 1MDB trial will resume this afternoon.
The initial hearing on Nov 13 last year ended up being postponed due to both lead defence counsel Muhammad Shafee Abdullah and ninth prosecution witness, former 1MDB CEO Shahrol Azral Ibrahim Halmi, being on sick leave that day.
Following that postponement, Najib had undergone two other separate criminal trials, namely the 1MDB audit report tampering case and the RM42 million SRC International case.
Yesterday, Najib's legal team closed its case in the defence stage of his RM42 million SRC International hearing before a separate Kuala Lumpur High Court.
The 35th day of the RM2.28 billion 1MDB trial before Kuala Lumpur High Court judge Collin Lawrence Sequerah is set to resume around 2.30pm this afternoon, because lead DPP Gopal Sri Ram has a court matter to attend to at the Palace of Justice in Putrajaya this morning.
Shafee is set to continue his cross-examination of Shahrol, who has been on the witness stand for 22 days. He has been cross-examined by the defence for 15 days.
Najib is on trial for four charges of abuse of power and 21 counts of money laundering in relation to RM2.28 billion which allegedly originated from troubled sovereign wealth fund 1MDB, via Tanore Finance Corporation.
Tanore Finance is purportedly owned by Eric Tan, an alleged associate of wanted 1MDB-linked businessperson Low Taek Jho or Jho Low.
[More to follow] - Mkini

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