Najib Razak Ordered to Pay $1.3 Billion to 1MDB Unit
A Malaysian court ruled Najib Razak is liable for losses at a former 1MDB unit. He must pay $1.3 billion for breaching his fiduciary duties while in office.
Xurve View
Xurve View
A high court in Malaysia has ordered former Prime Minister Najib Razak to pay $1.3 billion to a former subsidiary of the state-owned fund 1Malaysia Development Berhad (1MDB). The Kuala Lumpur High Court ruled on Tuesday that Najib is liable for significant financial losses incurred by SRC International, according to state media reports.
