WeChat QR Code

Home>News Center

Former Malaysian PM Najib Razak sentenced to 12 years in jail, fined $50 million over 1MDB scandal

2020-07-29 09:38:44       source:CNBC

July 28, 2020

Former Malaysian Prime Minister Najib Razak on Tuesday was sentenced to 12 years in jail and handed a fine of 210 million ringgits ($49.3 million) over his involvement in the now infamous 1MDB scandal. 

The 67-year-old was found guilty of all seven charges in the first of his five trials linked to the multi-billion dollar scandal at state fund 1MDB. Najib’s lawyers have asked for a stay of execution for the jail sentence.

Questions around the missing money from 1MDB helped contribute to the defeat of the political coalition he led in the 2018 general elections. Najib had allegedly illegally received funds in his personal bank accounts that can be traced to 1MDB.

Read more: