Najib set up the 1MDB development fund shortly after taking office in 2009. He had chaired 1MDB's advisory board and held veto power as finance minister while serving as prime minister.
The High Court's decision to drop the charges alleging Najib received 27 million ringgit in illegal proceeds to his bank accounts came after procedural delays by the prosecution, which saw the case dr ...
Under the warning, Sriram paid a sum of SGD 150,000 to the Singapore Government's Consolidated Fund and committed to refrain from criminal conduct for a period of 24 months.
Najib would become Malaysia's first former prime minister to be imprisoned if his appeal fails. Najib, 69, has reiterated his innocence and has been out on bail pending his appeals.
