Former Malaysian Prime Minister Datuk Seri Najib Razak is back in court in Kuala Lumpur, on Monday, days after he was convicted in a multi-million dollar corruption trial, for hearings related to the 1Malaysia Development Berhad (1MDB) scandal.
During the hearings, 1MDB CEO Shahrol denied he had personally benefited from a transaction of $790 million (€673 million) from the fake company Aabar Investments PJS Limited, located in the British Virgin Islands.
Razak was sentenced to 12 years in prison after being found guilty on all seven counts of corruption at the Kuala Lumpur Courts Complex court last Tuesday. Razak was accused of having received proceeds amounting to 42 million Malaysian ringgit ($10.3 million; €9 million) from 1MDB former subsidiary SRC International Sdn Bhd.
The 67-year-old Razak will not be heading to prison immediately as his sentence is suspended pending appeal.