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

Wait 5 sec.

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 position...