Skip to content
Tuesday 11 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,862.50
-0.35%
DAX
26,323.88
+0.02%
CAC 40
8,726.03
+0.13%
STOXX 50
6,535.62
+0.18%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 11 February 2019 2:02 pm  |  Updated:  Monday 03 June 2019 1:22 am

Former Malaysian Prime Minister Najib Razak’s 1MDB corruption trial postponed

A Malaysian court has postponed the corruption trial of former Prime Minister Najib Razak in connection with the 1MDB state fund scandal.

Razak, whose trial was due to start tomorrow, has pleaded not guilty to 10 charges of criminal breach of trust, money laundering and abuse of power.

Read more: 1MDB: Former Malaysian PM records soul ballad while awaiting trial

His lawyers told Reuters that the trial has been postponed until an appeal to challenge a court ruling to transfer some of the charges to Kuala Lumpur High Court has been heard.

The charges against Razak relate to a suspected transfer of 42m ringgit (£7.9m) into his bank account from former 1MDB unit SRC International.

No new date has been set for the trial, however lawyers expected the appeal to be completed within the next two weeks.

Last year former Goldman Sachs banker Tim Leissner pleaded guilty to conspiracy to launder money and agreed to pay a $43.7m fine in relation to the scandal.

Read more: Goldman Sachs chief executive apologises over 1MDB scandal

Malaysian authorities have filed criminal charges against the investment bank in connection with the money laundering and corruption investigation.

The probe is scrutinising three bond offerings raised by Goldman Sachs and others for 1MDB to a total of $6.5bn, which are now under investigation in at least six countries.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Goldman Sachs
  • International

Trending Articles

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • As it happened: Intel, Arm shares slide; Oil climbs higher

More from Morning Wire

  • Prince Harry defeated in phone hacking legal battle against Daily Mail publisher

    Lawsuit
    Prince Harry, Duke of Sussex (Photo by Yui Mok - WPA Pool/Getty Images)
  • Andy Burnham pressured to safeguard jury trials after legal backlash

    Legal
    Andy Burnham speaking at a press conference, addressing current events and regional developments, wearing a suit and tie.
  • Battersea Power Station misreporting claims scrutinised by accounting watchdog

    Accountancy
    Breaking news scene with reporters, cameras, and microphones at a bustling press conference, spotlight on speaker podium
  • Hacking scandal? Inside Prince Harry’s costly legal battle over privacy

    Media
    Associated Newspapers, which is owned by Lord Rothermere's Daily Mail and General (DMG Media), said losses ballooned from £699,000 in 2022 to £44.5m in the year ended 1 October 2023
  • Rachel Reeves’ sister takes top legal role in Burnham’s Cabinet overhaul

    Politics
    Close-up of a business professionals hands typing on a laptop keyboard with financial charts on screen
  • On this day: the birth of press freedom

    Opinion
    Black and white illustration of the Crown v. Zenger trial, featuring lawyers and observers in a courtroom.
  • Lufthansa and aviation rivals clash in London court over power outlet profits

    Legal
    Lufthansa aircraft on tarmac with logo visible, showcasing airlines fleet under clear sky in a business news context
  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

    Sport Business
    Evangelos Marinakis, owner of Nottingham Forest, in a dark jacket and white shirt, looking serious at a stadium.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook