Malaysia Court Orders Ex-PM Najib to Pay US$1.3 Billion to 1MDB Unit

Malaysia court orders ex-PM Najib to pay US$1.3 billion to 1MDB unit

Kuala Lumpur High Court ruled that Najib was liable for losses incurred by ‌SRC International, a former subsidiary of 1MDB.

Malaysian ex-PM ordered to repay $1.3bn to looted fund

KUALA ​LUMPUR - ⁠A ⁠Malaysian court on Tuesday ​ordered jailed former prime minister Najib Razak to ​pay $1.3 billion to a ‌former unit of the scandal-tainted state fund 1MDB, state media reported.

Najib Razak Ordered to Pay $1.3 Billion in 1MDB Scandal

A Malaysian court has ordered ex-Prime Minister Najib Razak to pay $1.3 billion to a former unit of 1MDB. Najib, who co-founded the state fund, was found liable for losses incurred by SRC International. He has been in prison since 2022, convicted of related corruption charges.

Malaysian court orders ex-PM Najib to pay $1.68b to former 1MDB unit over fiduciary duty breach

The lawsuit was filed by SRC International in May 2021. Read more at straitstimes.com.

High Court orders Najib to pay US$1.3bil to SRC over breach of fiduciary duty

KUALA LUMPUR: The High Court has allowed a US$1.3bil lawsuit filed by SRC International Sdn Bhd against Datuk Seri Najib Razak over breach of fiduciary duty and misfeasance in public office, linked to a RM4bil loan from the Retirement Inc Fund (KWAP) to SRC.

Najib ordered to repay US$1.3bil to SRC after court finds misfeasance

KUALA LUMPUR: The High Court today held former prime minister Datuk Seri Najib Razak liable for losses amounting to US$1.18 billion suffered by SRC International Sdn Bhd, after finding that he had committed misfeasance in public office.