Former Malaysian Prime Minister Najib Razak convicted in trial over 1MDB corruption scandal [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
The nation's High Court found Najib, 72, guilty on four counts of abuse of power. Rulings on additional charges of money laundering were still being delivered Friday afternoon. Authorities said he siphoned more than $700 million into his personal bank accounts from the 1MDB fund. Najib denied any wrongdoing and had maintained the funds were a political donation from Saudi Arabia and that he had been misled by rogue financiers led by Low Taek Jho. Low, thought to be the scandal's mastermind, remains at large. Justice Collin Lawrence Sequerah said Najib's claim of a Saudi donation was “incapable of belief." Four letters purportedly from the Saudi donor were forged and evidence clearly showed the funds originated from 1MDB, he said. He rejected defense arguments that Najib was an unwitting victim, duped by former 1MDB officials and Low. Witness testimonies had pointed to an “unmistakble bond” between Najib and Low, who had played a pivotal role in the scandal and operated as “the
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