Former Malaysian PM Can t Intervene In 1MDB Evidence Fight law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
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
WORLD / ASIA-PACIFIC
By Reuters Published: Apr 05, 2021 09:13 PM Malaysia s Court of Appeal on Monday will begin hearing a bid by former prime minister Najib Razak to set aside his conviction on corruption charges in a case linked to a multi billion dollar scandal at state fund 1MDB.
Former Malaysian Prime Minister Najib Razak, second from right, wearing a face mask arrives at Court of Appeal in Putrajaya, Malaysia, Monday, April 5, 2021. Photo: VCGNajib, who was voted out in a historic 2018 election, faces several trials over allegations that $4.5 billion was stolen from 1Malaysia Development Berhad (1MDB), a state fund he cofounded in 2009. He has pleaded not guilty to all charges.
Malaysian ex-PM Najib appeals graft conviction in 1MDB saga gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.