1Malaysia Development Berhad scandal
Malaysia halves jail term and drops $50 million fine for corrupt ex-PM Najib Razak over 1MDB fund scandal
Najib Razak was found guilty in 2020 of money laundering, abuse of power and other charges related to the 1MDB scandal. In a statement, the country's Federal Territories Pardon Board said the former leader's application to reduce his jail term to six years had been approved; his fine was also reduced to 50 million ringgit ($10.6 million), but his sentence will be extended by one year if he does not pay it in full.
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