Continue reading this on our app for a better experience

Open in App
Floating Button
Home News 1MDB Watch

Najib found guilty of all charges in first of five 1MDB-related trials

Felicia Tan
Felicia Tan • 2 min read
Najib found guilty of all charges in first of five 1MDB-related trials
High Court judge Mohd Nazlan Mohd Ghazali found Najib guilty on Tuesday (July 28) but did not release a verdict. The verdict will be delivered at 4pm.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Former Malaysia prime minister Najib Razak was found guilty of all seven charges in the first of five trials related to the 1Malaysia Development Berhad (1MDB) scandal.

Najib was charged with one count of abuse of power, three counts of criminal breach of trust, and three counts of money laundering of some RM42 million ($13.6 million) of funds from former 1MDB subsidiary, SRC International.

High Court judge Mohd Nazlan Mohd Ghazali found Najib guilty on Tuesday (July 28) but did not release a verdict. The verdict will be delivered at 4pm.

Each charge carries a prison sentence of up to 15 to 20 years.

Najib is also the first Malaysian prime minister to be convicted in a criminal court.

Najib currently faces over 40 charges in relation to the 1MDB scandal, with another 35 charges pending. He has pleaded his innocence at the start of the trials.

At least US$4.5 billion ($6.2 billion) was alleged to have been taken from the 1MDB fund, which was intended to be a sovereign fund to promote economic development.

Prior to the trial, Najib pleaded not guilty.

The former premier said in a Facebook post the night before the trial, that it is his chance to clear his name.

See also: Najib takes stand, denies everything

See also: A tale of greed and corruption - since July 2009

Highlights

Re test Testing QA Spotlight
1000th issue

Re test Testing QA Spotlight

Get the latest news updates in your mailbox
Never miss out on important financial news and get daily updates today
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.