At start of 1MDB trial, prosecution paints a tale of excess and abuse

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At start of 1MDB trial, prosecution paints a tale of excess and abuse
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Malaysian prosecutors on Wednesday said former prime minister Najib Razak abused...

KUALA LUMPUR - Malaysian prosecutors on Wednesday said former prime minister Najib Razak abused his power to cover up the theft of hundreds of millions of dollars from the state fund 1MDB and used the fund for self-gratification.

“He interfered with the course of investigation of the case which has come to be known as the 1MDB scandal,” Gopal told the Kuala Lumpur High Court in his opening statement. “He took active steps to effect a cover-up of his criminal acts.” In his second trial on Wednesday, Najib faces 21 charges of money laundering and four charges of abuse of power for allegedly receiving illegal transfers of at least 2.3 billion ringgit between 2011 and 2014.MAN IN THE MIRROR

“If you place the accused before a mirror, you will see Jho Low. And if you place Jho Low before a mirror, you will see the accused,” Gopal said. Shafee also contested the prosecution’s argument that Najib and Low had fabricated documents to state that $100 million in donations had come from an Arab donor, saying Najib “believed honestly” that the money had come from the king of Saudi Arabia.Gopal told the court that Najib and Low had colluded to raise more than $5 billion to fund the acquisition of two energy companies, though part of the sum went to accounts linked to Low while Najib was paid more than 90 million ringgit .

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