Malaysian court sentences ex-Prime Minister Razak to 15 years and big fine in corruption case
Summary
Former Malaysian Prime Minister Najib Razak was sentenced to 15 years in prison and fined $3.3 billion for his role in the 1MDB state fund corruption case. Najib was found guilty of abusing his power and laundering money, totaling over $700 million. The court ruled this sentence would start after his current prison term ends.Key Facts
- Najib Razak was sentenced to 15 years in prison for corruption tied to the 1MDB fund.
- He was fined 13.5 billion ringgit ($3.3 billion) and must return $514 million in assets.
- Najib was found guilty on four counts of abuse of power and 21 counts of money laundering.
- The High Court found that Najib used $700 million from 1MDB for personal gain.
- Najib claimed the money was a political donation from Saudi Arabia, but the judge rejected this.
- Evidence suggested a close relationship between Najib and financier Low Taek Jho, who is at large.
- Najib is already serving a 12-year sentence for a related case and the new sentence will begin after that.
- This case is part of a massive financial scandal that affected global markets.
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