FORMER PRIME MINISTER CONVICTED OVER MALAYSIA’S USD4.5 BILLION 1MDB FRAUD
July 20th, 2020
Former Malaysian Prime Minister, Najib Razak, was convicted in Kuala Lumpur High Court on Tuesday (July 28) of seven charges linked to his role in the embezzlement of USD4.5 billion from the 1 Malaysia Development Berhad (1MDB) government investment fund. The scandal, which helped defeat the Najib government in a 2018 general election, saw funds siphoned off, including around USD1 billion to the Prime Minister’s personal bank accounts. The proceeds funded luxury lifestyles for the PM and his friends and family, including the purchase of a super yacht, valuable ...
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