Crime & Courts

Prosecution nears conclusion in case against Najib for 1MDB fund misappropriation

KUALA LUMPUR: The prosecution is expected to wrap up its case against Datuk Seri Najib Razak for misappropriating 1Malaysia Development Berhad (1MBD) funds soon.

The trial has entered its final phase, with Nur Aida Arifin, investigating officer of the Malaysian Anti-Corruption Commission (MACC), expected to testify on Tuesday (Oct. 24).

The prosecution is in the midst of wrapping up its questions for Assistant Commissioner Foo Wei Min, who is the head of Bukit Aman's anti-money laundering crime investigation team in the case.

Earlier, at the outset of today's proceeding, deputy public prosecutor Kamal Bahrin Omar indicated that he had almost finished his examination-in-chief with Foo, who is the 48th prosecution witness.

However, the defence team could not proceed to cross-examine the witness as Najib's lead counsel Tan Sri Muhammad Shafee Abdullah was absent today.

The prosecution then continued by asking Foo to further detail how he determined that millions of ringgit that flowed into Najib's bank account were a result of illegal activities.

Foo said he was using the "First-in, first-out" (FIFO) methodology to calculate the flow of money in the former prime minister's account.

In money laundering investigations, FIFO tracks the order of funds deposited, focusing on identifying the initial, potentially illicit source of funds.

He said through this method (FIFO), the investigator was able to separate the US$681 million of funds that had originated from Tanore in Najib's account from other funds already there.

Najib, 70, is facing four charges of using his position to obtain bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.

Hearing before presiding judge Datuk Collin Lawrence Sequerah continues.

Most Popular
Related Article
Says Stories