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muriel_volestrangler

(101,153 posts)
Tue Jul 28, 2020, 03:54 AM Jul 2020

1MDB scandal: Former Malaysian PM Najib Razak found guilty in first trial linked to vast fraud

Malaysia’s former prime minister Najib Razak has been found guilty of all seven charges in his first trial linked to the multibillion-dollar 1MDB scandal - a landmark conviction that could lead to decades in jail.

Najib has denied any wrongdoing in relation to what is one of the world’s biggest financial frauds, in which billions of dollars were allegedly looted from a state fund set up to promote development. The scandal shook Malaysian politics, led to the ousting of Najib’s Umno party after 61 years in power, and prompted a series of investigations in countries around the world.

Less than two years after being removed from government, Umno returned to power again in March, through an alliance led by the prime minister, Muhyiddin Yassin. Some questioned whether this change in leadership would have ramifications for ongoing corruption cases.

On Tuesday morning, Kuala Lumpur High Court judge Mohamad Nazlan Mohamad Ghazali said: “After considering all evidence in this trial, I find that the prosecution has successfully proven its case beyond a reasonable doubt.”

https://www.theguardian.com/world/2020/jul/28/1mdb-scandal-najib-razak-verdict-malaysia
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