A GREAT TEST

Former prime minister found guilty of corruption: One billion euros went to private accounts Najiba Razak is awaiting several more trials over allegations that a total of $ 4.5 billion was stolen from 1MDB. Author: HinaPosted: July 28, 2020 8:32 am Najib Razak Najib Razak Mohd Rasfan / AFP Facebook Twitter Messenger E-mail RELATED NEWS Former Malaysian Prime Minister Najib Razak DISMISSES THE CHARGES The former Malaysian prime minister has to settle nearly $ 400 million in tax debt Former Malaysian Prime Minister Najib Razak was found guilty of corruption on all counts in the indictment on Tuesday, in the first trial for embezzling billions of dollars from the state fund 1Malaysia Development Berhad (1MDB). His case is a test of the country’s ability to deal with corruption and could greatly influence the political scene in that South Asian country. Najib is accused of breaching trust, money laundering and abuse of power by allegedly receiving $ 10 million from a former subsidiary of SRC International. He pleaded not guilty. Each of the charges carries with it large fines and imprisonment for up to 15 or 20 years. Najib's lawyers are seeking a postponement of the sentencing, and he announced before the verdict that he would appeal the court's decision. The former prime minister, who lost the 2018 elections, is still awaiting several trials over allegations that a total of $ 4.5 billion was stolen from 1MDB. image Mohd Rasfan / AFP Prosecutors claim that more than a billion dollars from the fund went to private accounts. Naib’s lawyers say Malaysian financier Jho Low and other 1MDB officials convinced him that the money flowing into his private account was donated by the Saudi royal family and was not stolen from the SRC as prosecutors allege. Low denies that version of the story. Accusations of corruption in 1MDB have been following Najib for more than five years. But criminal charges came only after his election defeat when his successor, Mahathir Mohamad , reopened the investigation. The court ruling comes just days after Malaysia reached a $ 3.9 billion settlement with Goldman Sachs over the U.S. bank’s role in extracting money from 1MDB