Malaysia Fines Ex-PM Najib $2.8 Billion for 1MDB, Adds Jail Time
Supporters of former Prime Minister Najib Razak outside the Court of Appeal and Federal Court in Putrajaya on Dec. 26.
Photographer: Samsul Said/BloombergFormer Malaysian Prime Minister Najib Razak, already jailed for his role in the 1MDB scandal, faces another 15 years in prison and a fine of 11.4 billion ringgit ($2.8 billion) after being convicted of abuse of power and money laundering in connection with the failed state-run fund.
Judge Collin Lawrence Sequerah announced the sentence after earlier finding Najib guilty of four counts of abuse of power and 21 of money laundering. Najib has consistently denied wrongdoing and his lawyer said he plans to appeal.