CNA Malaysia ex-PM Najib jailed 15 years, fined US$2.8b for abuse of power in 1MDB case

Malaysia’s former prime minister Najib Razak will be jailed 15 years and fined US$2.8 billion for abuse of power and money laundering in the long-running 1MDB case.

The decision by Judge Collin Lawrence Sequerah came after a trial that stretched across 302 days over six years.

Najib was on Friday (Dec 26) convicted on four counts of abuse of power and 21 counts of money laundering involving RM2.2 billion (US$544.6 million) misappropriated from the state investment fund.

The sentences will run concurrently, and will start after his current jail term for a separate case finishes.

#malaysia #malaysianews

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