1MDB civil trial begins as firm seeks US$5.64bil from Najib

1MDB trial: Najib Razak accused of US$5.6b fraud

Former Malaysian prime minister Najib Razak is accused of using vast powers to enable a US$5.6 billion fraud against 1MDB, the High Court heard. Read more at straitstimes.com.

1MDB civil trial begins as firm seeks US$5.64bil from Najib

1MDB says the former prime minister was at the centre of fraudulent transactions that caused RM51.4 billion in losses, with the assistance of fugitive financier Jho Low.

1MDB Set to Prove Najib Central to US$5.64 Billion Fraud as Civil Trial Opens

KUALA LUMPUR, Aug 3 — Sovereign wealth fund 1Malaysia Development Berhad (1MDB) and four of its subsidiaries told the High Court on Monday that they are prepared to demonstrate that former Prime Minister Datuk Seri Najib Tun Razak was at the absolute core of an alleged fraud scheme that drained US$5.64 billion (RM23.1 billion) from the group. The trial marks the commencement of a civil suit filed in May 2021 by 1MDB alongside 1MDB Energy Holding…