KUALA LUMPUR ¨C Malaysia¡¯s influential former premier Najib Razak was jailed on Friday for a further 15 years and fined $2.8 billion for power abuse and money laundering in the biggest trial of the multibillion-dollar 1MDB scandal, a ruling that could have big political ramifications.
Malaysia and U.S. investigators say at least $4.5 billion was stolen from 1Malaysia Development Berhad, a state fund Najib co-founded in 2009 during the first of his nine years in power in the Southeast Asian country.
More than $1 billion allegedly made its way into accounts linked to 72-year-old Najib, ?who was first imprisoned in 2022 in another 1MDB case and has long insisted he has been made the scapegoat for Malaysia¡¯s biggest-ever financial scandal.
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