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New conviction over plunder of state fund increases six-year term in earlier case
Jailed former Malaysian prime minister Najib Razak has been sentenced to an additional 15 years after he was found guilty of abuse of power, in the biggest trial yet in the multibillion-dollar fraud scandal related to state fund 1MDB.
Najib’s conviction substantially increases the six-year prison term he is already serving for a separate case related to the 1MDB graft scandal, one of the world’s biggest financial frauds, which saw billions plundered from the now defunct sovereign wealth fund.
Source: www.theguardian.com
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