Najib Found Guilty of All Charges in Former 1MDB Unit Trial
A Malaysia court has ruled former prime minister Najib Razak guilty in the first of a series of trials linked to 1MDB.
Najib was guilty Tuesday of all seven charges in the case involving 42 million ringgit ($10 million) of funds deposited in his personal accounts from a former unit of 1MDB. His lawyer responded by saying an appeal against the ruling is a certainty.
High Court Judge Mohd Nazlan Mohd Ghazali told the court he found “the defense has not succeeded in rebutting the presumption on the balance of probabilities or raising reasonable doubt on the charge against the accused” as he delivered his judgment on the abuse of power charge.
The verdict comes days after Malaysia resolved settlement talks with Goldman Sachs Group Inc. over the bank’s role in raising funds for 1MDB during Najib’s time as prime minister. The bank agreed on a $3.9 billion settlement, including $2.5 billion in cash, in return for all its charges being dropped.
Read more: https://www.bloomberg.com/news/articles/2020-07-28/najib-found-guilty-on-one-charge-in-former-1mdb-unit-trial
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