Najib Razak
Former Malaysian Prime Minister
Net Worth: 850M
Country: Malaysia
Country: Malaysia
In 2015, Najib Razak, the Malaysian Prime Minister found himself in the middle of a huge international scandal. The scandal involved embezzlement, money laundering, misappropriation of funds and bribery. For nearly a decade Mr Najib controlled a nation. However, after the Malaysian elections this year, commanding authority was given to his opposition, in a stunning defeat.
Najib claims he knew nothing of the multi-million-dollar 1MDB scandal and declared he has zero knowledge about money from the state fund miraculously appearing and moving (on its own) from 1MDB to his account. Najib has routinely denied any wrongdoing in the case.
The investigation led detectives to look into the vast amounts of jewellery, handbags and other luxury items including a Picasso painting and properties in California and New York. All of which were supposedly bought using money from the state fund, and all connected to Razak and his family. -investing.com
Najib claims he knew nothing of the multi-million-dollar 1MDB scandal and declared he has zero knowledge about money from the state fund miraculously appearing and moving (on its own) from 1MDB to his account. Najib has routinely denied any wrongdoing in the case.
The investigation led detectives to look into the vast amounts of jewellery, handbags and other luxury items including a Picasso painting and properties in California and New York. All of which were supposedly bought using money from the state fund, and all connected to Razak and his family. -investing.com
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