How the downfall of Malaysia's ex-chief Najib Razak unfolded

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July 28, 2020 — 5.21pm

Kuala Lumpur: a big monetary scandal linked to the 1MDB wealth sovereign fund helped sink former Malaysian excessive minister Najib Razak’s political career and ended the six-decade rule of his coalition in 2018 nationwide elections. Najib used to be discovered guilty on Tuesday in his first corruption trial over the multibillion-buck looting of 1MDB.

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How the downfall of Malaysia's ex-chief Najib Razak unfolded

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A timeline of how the saga unfolded:

April three, 2009: Najib is sworn in as Malaysia’s sixth excessive minister.

How the downfall of Malaysia's ex-leader Najib Razak unfolded

July 2009: 1MDB is formed with Najib as advisory board chairman.

Najib Razak, Malaysia's former prime minister, centre, arrives at the Kuala Lumpur Courts Complex in Kuala Lumpur, Malaysia, on Tuesday.

Najib Razak, Malaysia’s former prime minister, centre, arrives on the Kuala Lumpur Courts complex in Kuala Lumpur, Malaysia, on Tuesday.credit rating:Bloomberg

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July 2015: A report by way of The Wall side road Journal alleges that nearly $US700 million of 1MDB money has been channelled into Najib’s non-public bank payments. Najib denies the allegations. He fires his then-essential deputy Muhyiddin Yassin and terminates the attorney-customary who was investigating him. A whistle-blowing web page is blocked and two newspapers are suspended over their reporting on the scandal.

August 29-30, 2015: a whole bunch of Malaysians rally in Kuala Lumpur to demand Najib’s resignation.

January 26, 2016: New attorney-well-liked Apandi Ali clears Najib of any wrongdoing, announcing the money in his financial institution payments was a donation from Saudi Arabia’s royal family.

July 21, 2016: the us Justice department initiates strikes to get better over $US1 billion that investigators say was stolen from 1MDB through friends of Najib and used to buy assets.

may 9, 2018: Najib’s nationwide entrance coalition, which had dominated Malaysia given that independence from Britain in 1957, loses in a normal election. A reformist opposition alliance takes energy, with nonagenarian Mahathir Mohamad making a return as high minister for a 2nd time.

may 10-June 2018: Najib and his spouse, Rosmah Mansor, are banned from leaving the United States, and the emblem new govt reopens investigations into 1MDB. Police seize money and heaps of luxury objects, from jewelry to purses, from premises linked to Najib, price as much as 1.1 billion ringgit ($363 million).

Police guard the entrance of the court complex in Kuala Lumpur on Tuesday.

Police defend the doorway of the court docket evolved in Kuala Lumpur on Tuesday.credit rating:Bloomberg

July four, 2018: Najib is charged with three counts of prison breach of belief and one count of abusing his power.

August eight, 2018: Najib pleads no longer accountable to 3 extra counts of cash laundering and asks for a trial.

September 20, 2018: Najib pleads no longer responsible to each different 25 expenses of abuse of energy and money laundering.

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October 4, 2018: Najib’s spouse, Rosmah, pleads now not responsible to cash-laundering and tax evasion prices.

October 25, 2018: Najib and his former treasury secretary-common jointly are charged with six counts of felony breach of trust over government funds linked to 1MDB.

December 12, 2018: Najib pleads not accountable to a brand new value of tampering with a state audit report into 1MDB, with a former 1MDB CEO accused of abetting him.

December 17, 2018: Malaysia recordsdata felony charges in opposition to Goldman Sachs and two former executives over bond gross sales it organised for 1MDB.

February 8, 2019: Najib pleads no longer responsible to a few more cash-laundering charges, bringing the whole prices towards him to forty two.

April three, 2019: Najib’s first corruption trial begins.

July 5, 2019: Riza Aziz, Najib’s stepson and producer of The Wolf of Wall facet road film, pleads no longer responsible to charges of laundering cash belonging to 1MDB.

August 28, 2019: Najib’s second and biggest trial on 25 corruption prices starts.

November eleven, 2019: The excessive court docket orders Najib to enter his defence in his first trial.

November 18, 2019: Najib’s 1/3 trial begins.

February 5, 2020: Corruption trial of Najib’s spouse starts.

February 24, 2020: Mahathir quits as prime minister after his Malay birthday celebration and a few lawmakers abandon the ruling alliance, sparking its give way.

March 1, 2020: Mahathir’s fellow celebration member Muhyiddin Yassin is sworn in as the brand new high Minister with a Malay centric government that options Najib’s party.

could 14, 2020: Prosecutors drop cash-laundering costs towards Najib’s stepson, Riza Aziz.

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June eight, 2020: Prosecutors dismiss forty six corruption fees against a former state chief from Najib’s birthday party.

July 22, 2020: A court docket orders Najib to pay 1.sixty nine billion ringgit in unpaid taxes.

July 25, 2020: the federal govt reaches a $US3.9 billion agreement with Goldman Sachs in exchange for losing all costs and claims against the US funding monetary institution.

July 28, 2020: Najib is found responsible in his first corruption trial over the multibillion-greenback looting of 1MDB.

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