Malaysian court orders ex-premier to pay $1.8B to state-owned company for breach of fiduciary duty Related news
Government
ISTANBUL A Malaysian court on Tuesday ordered former Prime Minister Najib Razak to pay 4.77 billion ringgit (about $1.8 billion) to the government-owned company, SRC International, over abuse of power, acting in bad faith, and breach of fiduciary duty. The High Court found Najib liable for $1.18 billion in losses suffered by the company, along with an additional $120 million in damages, after ruling he had orchestrated the misappropriation of funds into his personal bank account, according to
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