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Malaysian Court Orders Ex-PM Najib Razak to Pay $1.68 Billion to 1MDB Unit

A Malaysian High Court has ordered jailed former Prime Minister Najib Razak to pay US$1.68 billion to a former 1MDB unit, finding him liable for breaching fiduciary duties, abusing his position, and misappropriating funds.

31 Mar, 06:56 — 31 Mar, 10:22
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Daily Maverick
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Sources

Showing 5 of 5 sources
SCMPMostly Factual10d ago

Malaysia court orders ex-PM Najib to pay US$1.3 billion to 1MDB unit

A Malaysian court on Tuesday ⁠ordered jailed former ⁠prime minister Najib Razak ⁠to pay US$1.3 billion to a former unit of scandal-tainted state fund 1MDB, state media reported. The Kuala Lumpur High Court ruled that Najib was liable for losses incurred by ‌SRC International, a former subsidiary of sovereign wealth fund 1Malaysia Development Berhad, state news agency Bernama reported. High Court judge Ahmad Fairuz Zainol Abidin ruled that Najib breached his fiduciary duties, abused his positi...

By Reuters

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straits-timesMostly Factual10d ago

Malaysian court orders ex-PM Najib to pay $1.68b to former 1MDB unit over fiduciary duty breach - The Straits Times

Malaysian court orders ex-PM Najib to pay $1.68b to former 1MDB unit over fiduciary duty breach  The Straits Times

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channel-news-asiaMostly Factual10d ago

Malaysia court orders ex-PM Najib to pay US$1.3 billion to 1MDB unit

High Court judge Ahmad Fairuz Zainol Abidin ruled that Najib breached his fiduciary duties, abused his position as prime minister, and misappropriated SRC funds for personal gain, state news agency Bernama reported.

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Daily MaverickMostly Factual10d ago

Malaysia court orders ex-PM Najib to pay $1.3 billion to 1MDB unit, state media reports - Daily Maverick

Malaysia court orders ex-PM Najib to pay $1.3 billion to 1MDB unit, state media reports  Daily Maverick

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malay-mailMixed10d ago

High Court finds Najib liable for RM4.77b SRC losses, orders RM5.25b payment

KUALA LUMPUR, March 31 — The High Court has found former prime minister Datuk Seri Najib Razak liable for US$1.18...

By Malay Mail

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