Former Malaysian PM Najib Razak Convicted Over 1MDB Corruption, Faces Longer Jail Term
Former Malaysian Prime Minister Najib Razak was found guilty on Friday of abusing his power to siphon billions from the 1Malaysia Development Berhad (1MDB) sovereign wealth fund and laundering the proceeds. Presiding judge Justice Collin Lawrence Sequerah convicted the 72-year-old on all four counts of abuse of power and 21 counts of money laundering, involving about 2.28 billion ringgit ($554 million). Sentencing, expected later on Friday, could add significantly to the six-year prison term Najib is already serving in a […]