Former Malaysian PM in court for 1MDB corruption scandal
The High Court of Malaysia on August 28 started a hearing on the corruption charges against former Prime Minister Najib Razak in relation to state investment fund 1 Malaysian Development Berhad (1MDB).
Former Prime Minister Najib Razak (third from left) appears at the court on August 28. (Photo: AFP/VNA)
Kuala Lumpur (VNA) – The High Court of Malaysia on August 28 starteda hearing on the corruption charges against former Prime Minister Najib Razakin relation to state investment fund 1 Malaysian Development Berhad (1MDB).
In his opening statement, senior deputy publicprosecutor Gopal Sri Ram told the court that as a key player in the scandal,Najib exerted his influence over the board of 1MDB and took away millions ofUSD to enrich himself.
Najib and his relatives were charged of embezzling a huge amount of money fromthe fund to buy real estate and many other assets.
Besides, Najib was accused of interfering in the course of investigation intothe scandal.
According to Gobal, fugitive financier Low Taek Jho, better known as Jho Low,is an important figure in the case. He faces criminal charges in Malaysia andthe US over his alleged central role in the case. He colluded with Najib incarrying out the illegal transfers of money.
At the court, Najib, 66, denied all the charges. Prosecutors had a plan toinvite about 60 witnesses to the trial that is likely to be lengthy andcomplex.
Najib is facing 21 counts of money laundering and four of abuse of power forallegedly receiving illegal transfers of at least 2.28 billion MYR (540 millionUSD) from the 1MDB fund between 2011 and 2014.-VNA
Credit cards belonging to Malaysia’s former Prime Minister Najib Razak were used to spend over 3.3 million RM (800,000 USD) in a single day at a luxury jeweller in Italy, a court in Kuala Lumpur has heard during his trial.
Singapore is returning almost 40 million USD to Malaysia seized in connection with the 1Malaysia Development Berhad (MDB) scandal, Singaporean police said on July 18.
Malaysia has filed criminal charges against 17 current and former directors at subsidiaries of the Goldman Sachs Group of the US in a corruption investigation at the 1Malaysia Development Berhad (1MDB) fund, the country’s attorney general said on August 9.
A Malaysian court has postponed for a week the biggest of five trials linked to a multibillion-dollar corruption scandal at the state fund 1MDB and allegedly involving former Prime Minister Najib Razak.
Malaysia’s Court of Appeal granted leave to former Prime Minister Datuk Seri Najib Tun Razak and his lawyer Tan Sri Muhammad Shafee Abdullah to commence a judicial review to challenge the legality of the appointment for former Federal Court judge Datuk Seri Gopal Sri Ram as a senior deputy public prosecutor in their trials.
Total trade between Indonesia and New Zealand in the first half of 2025 reached 963.23 million USD, an increase of 21.56% compared to 792.39 million USD in the same period last year. Of this amount, Indonesia's exports to New Zealand totaled 374.89 million USD, while imports 588.35 million USD
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Former Prime Minister Najib Razak (third from left) appears at the court on August 28. (Photo: AFP/VNA) 
