A Malaysian court pronounced former Prime Minister Najib Razak guilty in his first corruption trial over the multibillion-dollar looting of the 1MDB investment fund.
The ruling came five months after a new government took power with Najib’s Malay party the biggest bloc in the alliance. His party’s shocking election ouster in 2018 was driven by public anger over the 1MDB scandal.
“I find the accused guilty and convict the accused of all seven charges,” Judge Mohamad Nazlan Ghazali said after spending two hours to read out his ruling.
Najib has promised to appeal. He has said he was misled by rogue bankers and the case against him is political.
Analysts said the ruling would bolster the prosecution’s case in Najib’s other trials. He faces 42 charges in five separate trials and could face years in prison.
Coronavirus: 5 families in UAE infected with COVID-19 after going to wedding, funeral
Coronavirus: Saudi Arabia extends validity of expired expat visas for 3 months
Frozen bank accounts, travel ban: Kuwait pursues 10 influencers for money laundering