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Former Malaysian PM Najib Razak Found Guilty of Graft

HeadlineJul 28, 2020

In Malaysia, former Prime Minister Najib Razak has been found guilty on multiple charges of graft and was sentenced to 12 years in jail. The charges stem from the multibillion-dollar looting of the government’s investment fund. Najib faces a total of 42 charges in five separate trials. Last week, Goldman Sachs reached a nearly $4 billion settlement with the current Malaysian government over its role in the corruption scandal. Goldman Sachs raised $6.5 billion for the fund, which was routinely looted by government officials, people working for the fund, and two senior Goldman bankers.

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