Monday, September 28, 2020

Najib found guilty on all 7 seven counts in 1MDB subsidiary case

Jul 28. 2020
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By The Star

The Malaysian High Court has found former prime minister Najib Razak guilty on all seven counts in the first in a series of cases involving the 1Malaysia Development Bhd (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, all involving 42 million ringgit (Bt311.76 million) that had been misappropriated from 1MDB subsidiary, SRC International.

The former premier faces up to 20 years in jail and a fine for the abuse of power charge, up to 20 years in prison, whipping and a fine for the three criminal charges, and up to 15 years in jail and fine for the money-laundering charges.

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