Former prime minister accused over role in looting of $4.5bn sovereign wealth fund

Malaysia’s former prime minister Najib Razak stood in the dock in Kuala Lumpur as he was accused over his role in a multibillion-dollar corruption scandal that brought down his government and triggered an international outcry.

Ten years to the day after he was sworn in as prime minister, the 65-year-old denied all charges on Wednesday at the first of several trials over his alleged involvement in the looting of sovereign wealth fund 1MDB, a state investment vehicle established to develop the economy of the south-east Asian nation. More than $4.5bn (£3.4bn) was allegedly stolen from the fund via an international network of corruption.

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