Reuters
Former Malaysian PM Najib Razak appealed his 2020 conviction on charges related to the 1MDB scandal.
Razak was convicted on money laundering and breach of trust charges and faces 12 years in prison.
Lawyers for Razak claim he was misled by business partner Jho Low.
Former Malaysian Prime Minister Najib Razak is attempting to overturn his conviction on seven counts of criminal breach of trust, money laundering, and abuse of power in one of the biggest financial crimes in history the 1MDB financial scandal.
1MDB, short for 1Malaysia Development Berhad, was a sovereign wealth fund founded by Razak and his business partner Jho Low in 2009. Over the course of six years, 1MDB raised billions, ostensibly meant to fund development projects in Malaysia. But authorities say that instead of funding infrastructure projects, the bulk of the money around $4.5 billion actually ended up in offshore bank accounts and shell companies run by the
platform, calling it imperialist state and condemning it just as they did on the jerusalem move, but these two moves, david, moving the capital to jerusalem and telling the u.n., there s a new day at hand, is the only way you re going to get peace in the middle east and the rest of the world when they know we re serious. we re not going to play any more pretend games and finance corruption because we think it breeds peace. it breeds cynicism and waste. david: we ve talked about it, every time the u.n. says they ll clean up their act they never do. they had an audit commitment from 2006 to 2008, it was disbanded because there was too much corruption. something has to be done at the u.n., no? listen, there are ways to spend smarter and spend better, but if we re truly going to be promoting peace around the world or if we re going to have a body, i agree with bill in the sense that the united nations is probably the one place anymore where we can meet