Ex-Malaysian PM Najib Razak Convicted for Corruption

A Malaysian court pronounced former Prime Minister Najib Razak guilty Tuesday in his first corruption trial over the multibillion-dollar looting of the 1MDB investment fund. The ruling came five months after a new government took power with Najib's Malay party the biggest bloc in the alliance. His party's shocking election ouster in 2018 was driven by public anger over the 1MDB scandal.

"I find the accused guilty and convict the accused of all seven charges," Judge Mohamad Nazlan Ghazali said after spending two hours to read out his ruling.

Analysts said the ruling would bolster the prosecution's case in Najib's other trials and would signal to the business community Malaysia's legal system has strength in tackling international financial crimes.