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1MDB Scandal: Malaysian Ex-PM Found Guilty In $700M Corruption Trial, Faces Lengthy Jail Term

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deadline.com

Tom Grater International Film ReporterFormer Malaysian prime minister Najib Razak has been found guilty on seven charges in the fraud and corruption trial related to the 1MDB Malaysian state investment fund.

The verdict is likely to carry a heavy sentence; Razak has vowed to appeal.The scandal dates back to 2015, when the PM was accessed of embezzling some $700M from the fund.

Razak’s stepson Riza Aziz, the co-founder of The Wolf Of Wall Street backer Red Granite Pictures, was also implemented in the scandal, but reached a settlement with the government back in May and was discharged without formally being acquitted for his charges.

Read more on deadline.com
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