July 30, 2020

Malaysia’s former leader Najib Razak was found guilty of corruption and sentenced to 12 years in jail in the first trial over a multi-billion-dollar scandal at state fund 1MDB.


  • 1Malaysia Development Berhad (1MDB) is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated).

  • It was founded in 2009 by Malaysia’s former prime minister Najib Razak founded as a platform to bring foreign investment to the country and promote long-term economic development.