Former Malaysian Prime Minister Najib Razak has begun a 12-year prison sentence after losing his final appeal on charges related to a graft scandal involving state fund 1 Malaysia Development Berhad (1MDB). Najib, 69, faced seven charges in July 2020 over criminal breach of trust, abuse of power, and money laundering. He was convicted, sentenced…
Former Malaysian PM Begins 12-year Jail Term After Losing Final Appeal in 1MDB Case
Malaysian Goldman Sachs Banker Found Guilty in 1MDB Corruption Scandal
A U.S. federal jury on Friday found a former Malaysian Goldman Sachs banker guilty of bribery and conspiracy to launder billions of dollars embezzled from Malaysia’s sovereign wealth fund 1MDB. Roger Ng, 49, was convicted of all three counts in the case, including conspiring to violate U.S. anti-bribery laws through bribery and circumvention of Goldman’s…
Malaysian Ex-Goldman Sachs Banker Found Guilty in 1MDB Corruption Scandal
A U.S. federal jury on April 8 found a former Malaysian Goldman Sachs banker guilty of bribery and conspiracy to launder billions of dollars embezzled from Malaysia’s sovereign wealth fund 1MDB. Roger Ng, 49, was convicted of all three counts in the case, including conspiring to violate U.S. anti-bribery laws through bribery and circumvention of…
Malaysia Court Rejects Former Prime Minister’s Appeal, Upholds Guilty Verdict
Malaysia’s Court of Appeal has unanimously dismissed former Prime Minister Najib Razak’s appeal to overturn his conviction in the SRC International corruption case, and upheld the High Court’s verdict against him. Najib was sentenced to 12 years in prison and fined 210 million ringgit ($50 million) last year after being found guilty of transferring 42 million…
Former Malaysian Prime Minister Leads Party to Landslide Victory in State Elections
Malaysia’s former Prime Minister Najib Razak has led his party United Malays National Organization (UMNO) and its allies to a landslide victory in Malacca state elections, with the UMNO-led Barisan Nasional (BN) coalition winning 21 of the 28 state seats on Nov. 20. UMNO won 18 of the 28 seats, while its allies in the…
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