Imprisoned former Malaysian Prime Minister Najib Razak was sentenced to 15 years and a hefty $2.8 billion in fines and seizure of assets after being convicted Friday in his.
Imprisoned former Malaysian Prime Minister Najib Razak was sentenced to 15 years and a hefty $2.8 billion in fines and seizure of assets after being convicted Friday in his biggest corruption trial tied to the multibillion-dollar looting of the 1MDB state investment fund. The nation’s High Court found Najib, 72, guilty on four counts of abuse of power and 21 charges of money laundering related to more than $700 million channeled into his personal bank accounts from the 1MDB fund. The new sentence will run after his current term for an earlier 1MDB case ends, Justice Collin Lawrence Sequerah said.
He imposed a fine of $2.8 billion for the abuse of power charges, reports the AP. In addition, he also ordered another $500,000 in assets to be recovered from Najib under money laundering laws.
