Former Malaysian PM Najib Razak jailed for 15 more years in 1MDB graft scandal
Bearish
-50.0
New conviction over plunder of state fund substantially increases six-year term in separate case The jailed former Malaysian prime minister Najib Razak has been sentenced to an additional 15 years after he was found guilty of abuse of power, in the biggest trial yet in the multibillion-dollar fraud scandal related to the state fund 1MDB.Najib’s conviction substantially increases the six-year prison term he is already serving for a separate case related to the 1MDB graft scandal, one of the world’s biggest financial frauds in which billions were plundered from the now defunct sovereign wealth fund. Continue reading...
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