Dec. 26 (UPI) -- Former Malaysian Prime Minister Najib Razak was found guilty Friday of abuse of power and money laundering in the ongoing 1 Malaysia Development Berhad scandal in the country.
A Malaysian court found Najib, 72, guilty of four counts of abuse of power and 21 counts of money laundering for transferring about $543 million from 1MDB, a state wealth fund, into his own bank account.
Najib was sentenced to 15 years in prison in the case and was fined about $2.8 billion. He was already serving jail time for another conviction in the scandal. If he fails to pay the fine, he faces more jail time under Malaysian law.
Judge Collin Lawrence Sequerah said he "considered the public interest element and the principle of deterrence, the length of his public service and other mitigating factors," The New York Times reported.
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