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Najib Pleads Not Guilty to Corruption Charges in 1MDB Case

  • Bail set at 1 million ringgit, Najib to surrender passports
  • Ex-PM has denied wrongdoing in case, vowed to fight charges
Bloomberg business news
The 1MDB case will go much deeper than Najib, says Bridget Welsh of John Cabot University.(Source: Bloomberg)
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Malaysia’s former leader Najib Razak has pleaded not guilty to charges of corruption and criminal breach of trust in connection with a multibillion-dollar scandal surrounding state fund 1MDB.

Appearing in the High Court on Wednesday, Najib was granted bail of 1 million ringgit ($247,000) and ordered to surrender his passports. He faces three counts of criminal breach of trust, and one charge under the anti-corruption act. If found guilty, he could be jailed for up to 20 years and fined. The ex-prime minister is seeking a trial for all charges.