Malaysia: former PM Najib Razak sentenced 12-year jail term in first 1MDB corruption trial

Malaysia: former leader Najib Razak was found guilty of corruption and sentenced on Tuesday, July 28 to 12 years in jail in the first trial over a multi-billion-dollar scandal at state fund 1MDB that stretched to the Gulf states and Hollywood.

"This is definitely not end of the world because this is the process of appeal and we hope that we would be successful then." Najib told reporters after trial. In a case widely seen as a test of the southeast Asian nation's resolve to stamp out corruption and which could have big political implications, high court judge Mohamad Nazlan Mohamad Ghazali sentenced Najib to 12 years and a fine of 210 million ringgit ($49.40 million) on a charge of abuse of power.

Najib, 67, also received 10 years in jail on each of three charges of criminal breach of trust and three charges of money laundering for illegally receiving nearly $10 million from SRC International, a former unit of the state fund.

High court judge Mohamad Nazlan Mohamad Ghazali granted a delay in carrying out a jail sentence and fine against Najib but also increased his bail amount by one million ringgit ($235,300) that must be posted by Wednesday, July 29.