Malaysia's mega 1MDB scandal that brought down a prime minister; Najib to face corruption trial verdict on July 28

KUALA LUMPUR - Former Malaysian prime minister Najib Razak will on Tuesday face the first verdict in a series of criminal trials against him over billions of dollars allegedly stolen from 1Malaysia Development Bhd , a state fund he co-founded in 2009.

Some of the money was allegedly used to finance Hollywood films including 2013's The Wolf of Wall Street, produced by Red Granite, a film company co-founded by Najib's stepson, Mr Riza Aziz. Najib, voted out in a 2018 election amid public anger over the scandal, has plead not guilty to 42 criminal charges over losses at 1MDB and other state entities.

HOW ARE AUTHORITIES INVESTIGATING 1MDB? At least six countries, including Singapore and Switzerland, have launched money laundering, financial mismanagement and criminal investigations into 1MDB dealings.

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Malaysian ex-PM Najib Razak to learn fate in first 1MDB trialKUALA LUMPUR (AFP) - A Malaysian court will hand down its verdict in Najib Razak's first corruption trial on Tuesday (July 28), nearly 16 months after it began probing the former prime minister's role in the multi-billion-dollar 1MDB scandal.. Read more at straitstimes.com.
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