Monday, July 27, 2020

Malaysia faces crucial graft test as Najib’s first 1MDB verdict looms

Malaysia faces crucial graft test as Najib’s first 1MDB verdict loomsMalaysian former prime minister Najib Razak, fighting dozens of charges over a multi-billion-dollar graft scandal at state fund 1MDB, faces his first verdict on Tuesday in a landmark case that tests the country's efforts to stamp out corruption and could have big political implications. Najib was voted out in a historic 2018 election amid public anger over allegations that $4.5 billion was stolen in a globe-spanning scheme from 1Malaysia Development Berhad (1MDB), a fund he co-founded. For Najib, the verdict in the years-long saga, which has seen a spectacular fall from extreme opulence and a dominant position in Malaysian politics, marks a reckoning for the urbane, British-educated politician - potentially decades in jail or a partial vindication.




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