Rich people have been collecting art for ages. So did those involved in the 1MDB scandal, who bought art as a way of laundering ill-gotten gains. Read full story ... .
Malaysia's massive 1MDB corruption scandal allegedly saw top officials loot billions from state funds, splurging on luxury assets worldwide including a Monet painting and even funding a Hollywood blockbuster....
Former prime minister Najib Razak faces judgment on Friday for his alleged involvement in Malaysia's 1MDB mega-graft scandal, with a guilty verdict likely to add years to a sentence already being served ....
1MDB corruption scandal. Najib is serving time after being convicted on charges linked to the theft of billions of dollars from a Malaysian state fund called 1Malaysia Development Berhad but more commonly known by its abbreviation, 1MDB.
The king issued the order claiming discretionary power under Article 42(1) of the Federal Constitution... In 2020, the High Court sentenced Najib to 12 years imprisonment and imposed a fine of RM210 million ($51.6 million) in the 1MDB corruption case ... .
Najib Razak, who has been imprisoned since 2022, saw his 12-year sentence reduced by half last year by a pardons board chaired by the former king ... .