Former Malaysian Prime Minister Najib Razak has been found guilty of all seven charges in the corruption trials.
He has pleaded guilty of charges in the first of various multi-million dollar corruption trials. He had pleaded not guilty of money laundering, abuse of power, and criminal breach of trust.
A global web of fraud and corruption has been uncovered under Malaysia’s 1MDB sovereign wealth fund.
According to initial details, today’s verdict was given on 42 million ringgit ($10m, £7.7m) transferred from the fund to Mr. Najib’s private accounts.
Najib Razak served as a PM from 2009 to 2018.
He denied all the charges and said that he was misled by financial advisors, especially fugitive financier Jho Low who has been charged in both the US and Malaysia.
He had said that he would appeal against a guilty verdict before the verdict was given.