Malaysia’s former prime minister Najib Razak was found guilty of corruption in the first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad
KUALA LUMPUR - Malaysia’s former leader Najib Razak was found guilty of corruption on Tuesday in the first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad that stretched to the Gulf states and Hollywood.
Najib, 67, appeared calm, albeit stony-faced as the judge delivered the guilty verdict. He had led the country for almost a decade before losing the 2018 election. He had pleaded not guilty, and flagged his intent to lodge an appeal at the federal court if he was convicted. U.S. and Malaysian authorities say a total of $4.5 billion is believed to have been stolen from 1MDB, a fund Najib founded to promote economic development, and used across the world by Najib’s associates to buy art, a superyacht and fund the “Wolf of Wall Street” movie.
“The conviction sends a strong message that leaders will be held accountable for wrongdoings in office,” opposition lawmaker Charles Santiago said.Najib’s lawyers had argued that he was misled by Malaysian financier Jho Low and other 1MDB officials into believing that the funds banked into his accounts were donated by the Saudi royal family, rather than misappropriated from SRC as prosecutors alleged. Low has denied wrongdoing.
Since his ouster two years ago, Najib has enjoyed a resurgence in popularity after embarking on a makeover of his public persona, adopting a more personable tone to replace his image as a super-rich patrician.
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