Najib in the dock: High Court hears betrayal of rakyat in alleged US$5.64b 1MDB fraud
The Malaysian High Court has begun hearing a civil suit against former Prime Minister Najib Razak regarding the US$5.64 billion 1MDB fraud. Prosecutors allege that Najib used his dual roles as Prime Minister and Finance Minister to orchestrate the misappropriation of public funds.
Why it matters
The case represents a significant moment in Malaysian anti-corruption efforts and the pursuit of accountability for high-level political figures.
KUALA LUMPUR, Aug 3 — The High Court heard today that 1MDB and its four subsidiaries are set to prove that former prime minister Datuk Seri Najib Tun Razak stood at the very heart of the alleged fraud that cost the sovereign wealth fund US$5.64 billion.
It was the first day of the trial arising from a suit that 1MDB and its four subsidiaries filed against Najib and seven others in May 2021.
Reading the plaintiffs’ opening statement, counsel Datuk Lim Chee Wee said they would establish that Najib wielded immense control over 1MDB’s management.
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