Goldman Sachs

Najib Razak, Malaysian Prime Minister from 2009 to 2018, has been sentenced to 12 years in prison and fined 210 million ringgit (49.3 million dollars). The ruling convicts him of criminal breach of trust, money laundering and abuse of power related to the state investment fund 1MDB.

Last week, Goldman Sachs and the Malaysian government had reached an agreement regarding the alleged misuse of funds from 1MDB. The US Department of Justice has repatriated hundreds of millions of dollars to Malaysia after recovering assets - such as Picasso artwork and a luxury yacht - it said were purchased to launder money stolen from 1MDB.