A Malaysian court on Tuesday found former Prime Minister Najib Razak guilty of corruption and money laundering charges in connection to the alleged theft of billions of dollars from a state-run investment fund.
July 28 (UPI) — A Malaysian court on Tuesday found former Prime Minister Najib Razak guilty of corruption and money laundering charges in connection to the alleged theft of billions of dollars from a state-run investment fund. Najib was found guilty of all seven charges, including one count of abuse of power, three counts of criminal breach of trust and three counts of money laundering, in connection to illegally obtaining some $9.8 million from SRC International, a former unit of the government-run 1Malaysia Development Berhad fund, or 1MDB. The 1MDB was launched in July 2009 to entice investment into the Asian nation but became embroiled in scandal. The U. S. Justice Department has said some $4.
