Malaysia ex-PM hit with twenty five new charges over 1MDB scandal

KUALA LUMPUR: Malaysia’s ex-leader Najib Razak was hit with twenty five new charges of cash lavation and abuse of power linked to the 1MDB mega-scandal on Thursday, as well as allegations hundreds of lots of dollars were transferred to his personal bank account.

As many banner-waving supporters gathered outside the Malaysian capital court, Najib pleaded innocent to all or any counts, that described the foremost serious during a string of charges he has long-faced over the alleged pillaging of state fund 1MDB.

Najib, whose shock election defeat in could over his coalition’s six-decade stranglehold on power in Malaysia, was defendant of abusing his position to receive funds totally a pair of.3 billion Malaysian monetary unit ($555 million) between 2011 and 2014.

The suspicious transfers to his accounts were a key chapter within the scandal, and Najib has antecedently insisted they were a donation from Saudi royalty — a proof that was widely derided.

Allegations that Najib and his cronies pilfered Brobdingnagian sums from 1MDB and spent them on everything from high-end assets to design were a serious think about the defeat of his long-ruling coalition to a reformist alliance headed by Mahathir Mohamad.

After being charged Thursday, Najib gave a resistive group discussion outside court: “I pray i will be able to clear my name. I hope the rule of law exists in this country.

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