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1MDB scandal: Najib Razak awaits verdict in first trial linked to vast fraud case

Former PM has denied criminal breach of trust, money laundering and abuse of power over money transfers

Malaysian former prime minister Najib Razak will learn his fate on Tuesday, when a verdict is issued in his first trial linked to the multibillion-dollar 1MDB scandal – a case that will have major political ramifications, and be seen as a test of the country’s fight against corruption.

Najib has denied any wrongdoing in relation to what is one of the world’s biggest financial frauds, in which billions of dollars were allegedly looted from a state fund set up to promote development. The scandal shook Malaysian politics, led to the ousting of Najib’s Umno party after 61 years in power, and prompted a series of investigations in countries around the world.

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from World news | The Guardian https://ift.tt/39xu9jD
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