Former Malaysian prime minister takes stand in corruption trial

Former Malaysian prime minister Najib Razak will face cross-examination from prosecutors and is expected to be on the witness stand for around four days

His coalition was ousted at the polls past year after six decades in power, largely due to public anger over the scandal, and he has since been arrested and hit with dozens of charges linked to the looting of the investment vehicle. He has since been arrested and hit with dozens of charges linked to the looting of the investment vehicle.

Najib: It may seem a lot, but I know that the Saudi royal family is known for their generosity where they had donated a huge sum of money to various foundations in the U.S., including the Clinton Foundation and other countries such as Egypt, Pakistan, Palestine as part of their foreign relations and diplomatic policy.

Standing in the witness stand in his crisp blue suit, Najib outlined 1MDB's formation and the role of financier Low Taek Jho, who has been identified by the United States as the mastermind behind the massive scandal.

Mr Wan Aizuddin: When Jho Low first raised the issue about donations, were you told how much it would be?

"I was made to understand that the letters were also forwarded to AmBank by Jho Low and the matter was also reported BNM (Bank Negara Malaysia) and Tan Sri Zeti (Akhtar Aziz) during the material time", he testified.

In 2011, he said, he received nearly US$100 million from Prince Faisal and the finance ministry in Riyadh, and in 2012, he obtained another US$270 million from Prince Faisal and Blackstone Asia Real Estate Partner.

Defence proceedings began with the former leader giving testimony under oath. Defence lawyers had earlier said it would take two days for him to read the entire statement, but as his testimony went on, it appeared it would take longer.

More news: Major Security Bug Called StrandHogg Discovered in All Android Versions

Reading from his 243-page witness statement during examination-in-chief by lawyer Wan Aizuddin Wan Mohamad, Najib said he received the award in January 2010. The trial will resume today. He faces a total of 42 corruption and money-laundering charges, including those linked to billion-dollar acquisitions and bond sales by the scandal-ridden fund. He faces up to 20 years in jail and fine for the offenses.

On the charge of abusing his position, Najib, as the prime minister and minister of finance, allegedly used his position to commit bribery involving RM42 million through his participation or involvement in the decision to provide government guarantees for loans from the Retirement Fund Incorporated to SRC International amounting to RM4 billion.

The former prime minister accused of misappropriating the government company's money said the Penang-born businessman made the suggestion to ready an account in anticipation of financial support from Saudi Arabia's monarch King Abdullah who meant to offer aid in the form of personal donations mid 2010.

The amount transferred to his account "was done without his knowledge or involvement" as the transactions "were being manipulated by third parties without his knowledge and approval", Shafee said.

The Malaysian High Court in November decided that the prosecutor had a strong case against Najib and called on the former prime minster to defend himself. The biggest opened in August, centring on allegations he illicitly obtained over $500 million from the fund.

Najib also believes that Low whom he says portrayed himself as someone who had influence in the Middle East, could assist in 1Malaysia Development Berhad's (1MDB) investments in the Middle East.

Related News:

Most liked

Berlin murder: Germany expels two Russian diplomats
Russia, which denies any involvement, responded swiftly, saying it would retaliate for what it called Germany's "unfriendly" move. Federal prosecutors in Germany take over investigations when there is a strong suspicion of involvement by a foreign state.

Robert De Niro defends Anna Paquin's role in 'The Irishman'
This time he's standing up for Paquin's role in the film which received lots of criticism because she only had a few lines. Paquin's character only speaks to Frank after the disappearance of Jimmy Hoffa ( Al Pacino ).

'At Least 208' Killed In Iran Unrest, Says Amnesty International
The Iranian Ministry of Foreign affairs did not respond immediately to a request for comment on the Amnesty report. He also said the "majority of the detainees" from the protests had been released, without offering any numbers.

New character posters from 'No Time to Die' revealed
No Time To Die is slated to hit screens in April 2020 - April three within the United Kingdom and April eight in India and US. This time spherical, it's the flip of Oscar victor Rami Malek ( Bohemian Rhapsody ) to come back head to head with 007.

Federal Bureau of Investigation agent mocked by Trump speaks out
Page accused the Department of Justice (DOJ) of selectively leaking some of her text messages to reporters in late 2017. And as her texts show, she's hardly in the camp of Trump friendlies. "And now she wants to say she's a victim".

Khloe Kardashian not on speaking terms with Caitlyn Jenner
But, Kardashian says that the years between their alleged strained relationship and Jenner coming out don't add up. When it comes to the beef, Kardashian maintains that it is nonexistent despite Jenner's claims.

Russia's Putin signs bill targeting journalists and bloggers
Spying is a rather clearly defined crime that, deservedly, carries a heavy punishment the world over. Justice Department's 2017 decision to label the Russian state-funded network RT as a foreign agent.

Justin Hartley's ex Chrishell Stause makes veiled diss amid divorce
Strause's Instagram bio features another quote from the poet Rumi , reading: "The wound is the place where the Light enters you". Even Vanderpump Guidelines' Brittany Cartwright confirmed her help with three crimson coronary heart emojis.

Doctors 'reanimate' heart for first-of-its-kind transplant in US
Doctors have completed a pioneering surgery by conducting the very first heart transplant from a dead donor, the Mirror reports. Modern medical techniques allow doctors to replace a faulty organ in a patient's body with a functional one from a donor.

First female pilot in Indian Navy
She was commissioned into the Navy in June a year ago . "Best wishes to her for a successful career". Twitterati also posted pictures of the ceremony held to induct the young woman at the naval base.

US facing possible french fry shortage due to weak potato harvest
Luckily, there are three states that managed to have significant spud increases: Wisconsin and MI by 6.8% and ME by 9.6%. In Canada, the land of poutine , officials are expected to release estimates for potato yields on December 6.

Apple celebrates the best apps and games of 2019
These include selections for best app on iPhone , iPad , Mac , and Apple TV , as well as top picks in books and podcasts. Like a year ago , Apple's App Store editorial team highlighted two App Store trends too.

Boost Mobile Black Friday 2019 Deals List
There isn't a claiming percentage on this one though, meaning the offer will probably just run out when Black Friday is over. The evening before Thanksgiving typically marks the start of Walmart's Black Friday sales at its online store.

Vardhan speaks out against HIV/AIDS discrimination
Chapman and Guinn both said they want people to know HIV/AIDS is still an issue, but it is manageable and possible to prevent. The cumulative number of people living with HIV who have died are 650 - pre ART: 215 and on ART 435.

Founders of Google announce a major corporate restructuring
Google's co-founders Larry Page and Sergey Brin are stepping down from their roles at Google's parent company, Alphabet. Pichai assured employees in an internal email that his new job wouldn't mean he was taking a step back from Google.