The prosecution established its case on four charges of abuse of power to obtain over USD 700 million from the fund that went into Najib's bank accounts between 2011 and 2014, and 21 counts of money laundering involving the same amount, trial judge Collin Lawrence Sequerah said Wednesday.
Malaysia's High Court on Wednesday ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund.
Najib set up the 1Malaysia Development Berhad state fund shortly after taking power in 2009 to promote economic development, but the fund amassed billions in debt.
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