Najib Razak 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. – The Malaysian Insight file pic, January 6, 2020. THE defence in Najib Razak’s 1Malaysia Development Bhd (1MDB) trial suggested that a US investment bank had helped the sovereign wealth fund raise billions in US dollar bond sales in a “sophisticated conspiracy” to criminally gain profit.Former 1MDB chief executive officer (CEO) Mohd Hazem Abd Rahman, 47, however, was hesitant to agree with the contention of Najib’s lead counsel, Muhammad Shafee Abdullah, during cross-examination before high court judge Collin Lawrence Sequerah.
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