Key Developments
(Sept 3): Former Malaysian leader Najib Razak is facing the biggest set of charges yet in his second 1MDB trial, which is set to shed light on the troubled state fund’s billion-dollar bond deals and acquisitions.
The current case will center around 25 charges, including accusations he received bribes linked to state support for US$3 billion ($4.18 billion) of 1MDB debt sales and allegations he accepted gratuity involving a US$1 billion joint venture with PetroSaudi International Ltd. His lawyers have argued he was misled by others, including fugitive financier Jho Low. Najib has pleaded not guilty to all 42 charges he faces for his alleged role in 1MDB.
