Malaysia’s ex-PM Najib Razak sentenced to 12 years in prison for stealing $4.5B to buy luxury property, art & designer goods. Ironically, he also paid for stepson Riza Aziz’s Hollywood film ‘Wolf of Wall Street’, a story about a rise to wealth & fall including corruption. 1MDB is a state fund that Razak founded in 2009, shortly after coming to power, in order to drive up new investment in Malaysia. He is convicted of 7 charges of corruption and money laundering, and faces dozens more. His ruling party is calling for a royal pardon. If he gets one, what does this mean for future corruption in Malaysia?
Malaysia’s ex-PM Najib Razak sentenced to 12 years in prison for stealing $4.5B to buy luxury property, art & designer goods. Ironically, he also paid for stepson Riza Aziz’s Hollywood film ‘Wolf of Wall Street’, a story about a rise to wealth & fall including corruption. 1MDB is a state fund that Razak founded in 2009, shortly after coming to power, in order to drive up new investment in Malaysia. He is convicted of 7 charges of corruption and money laundering, and faces dozens more. His ruling party is calling for a royal pardon. If he gets one, what does this mean for future corruption in Malaysia?