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A tale of greed and corruption

Pauline Wong
Pauline Wong • 12 min read
A tale of greed and corruption
It has been a decade since the 1MDB fund was established. In this time, billions of dollars were lost to greed and deceit. The ongoing trial of former Malaysian prime minister Najib Razak has hogged headlines for the past year. Will Malaysia find eventual
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It has been a decade since the 1MDB fund was established. In this time, billions of dollars were lost to greed and deceit. The ongoing trial of former Malaysian prime minister Najib Razak has hogged headlines for the past year. Will Malaysia find eventual closure?

SINGAPORE (DEC 27): On April 3, former Malaysian prime minister Najib Razak walked into the halls of the High Court in Kuala Lumpur, his head held high and smiling for the gathered media. He was confident, wearing a navy blue suit and a boldly patterned purple tie for his day in court. Najib, who also had been the finance minister, was to face seven counts of abuse of power, criminal breach of trust, and money-laundering of RM42 million ($13.7 million) from SRC International, a subsidiary of 1Malaysia Deve lopment Bhd (1MDB).

A little over seven months later, after many shocking revelations in court, Najib has been called to enter his defence for the charges related to SRC International. On Nov 11, the High Court had determined that the prosecution had proved a prima facie case, and while Najib and his lawyer, Shafee Abdullah, had expressed their “shock” and “dismay” at the decision, the heat is on for Najib in what is believed to be the biggest and most wide-ranging graft scandal in recent years.

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