(ReliableNews.org) – In 2016, the US Department of Justice (DOJ) moved to seize $1 billion in assets after an international FBI probe revealed a Malaysian economic development fund, 1MDB, was allegedly being used as a personal piggy bank. Former Prime Minister Najib Razak was accused of using upwards of $6 billion to pay for his luxurious lifestyle. This week, he finally faced justice for his alleged crimes.
Tony Pua, a member of Parliament, celebrated the guilty verdicts.
— Tony Pua (@tonypua) July 28, 2020
On July 28, Razak was found guilty of seven corruption charges. A Malaysian court sentenced the former prime minister to 12 years in prison for an abuse of power count. He also received 10 years each for 3 counts of money laundering and 3 counts of criminal breach of trust. The sentences will be served concurrently. Judge Mohamad Nazlan Ghazali also fined Razak 210 million ringgit ($49.4 million).
The DOJ alleged the former prime minister used the money to buy things like a Claude Monet painting, yachts, property in Manhattan, and other luxury items. Razak is the first official to be found guilty in relation to the scandal. His lawyers say they will appeal and this was the first of five trials he’s expected to face.
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