Former Malaysian leader Najib Razak sentenced to 15 years, given hefty fine in corruption trial [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Vincent Thian/The Associated Press The nation's High Court found Najib, 72, guilty on four counts of abuse of power and 21 charges of money laundering related to more than US$700-million ($955-million) channelled into his personal bank accounts from the 1MDB fund. He imposed a total fine of 11.4 billion ringgit ($3.9-billion) for the abuse of power charges. In addition, he also ordered another 2.08 billion ringgit ($702-million) in assets to be recovered from Najib under money laundering laws. If Najib fails to pay, he faces more years in prison. Najib's lawyer Mohamed Shafee Abdullah said the judge “made so many blunders” and that they would appeal the verdict. Dressed in a blue suit, Najib stood up and was calm when the sentencing was announced, slumping later back in his chair in the dock. The ruling marked a major milestone in one of the world's largest financial scandals, which rippled across global markets and triggered investigations in the United States and other natio
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