Malaysia’s influential former premier Najib Razak was jailed on Friday for a further 15 years and fined $2.8 billion for power abuse and money laundering in the biggest trial of the multibillion-dollar 1MDB scandal, a ruling that could have big political ramifications. Malaysia and US investigators say at least $4.5 billion was stolen from 1Malaysia Development Berhad, a state fund Najib co-founded in 2009 during the first of his nine years in power in the Southeast Asian country.
