Malaysia Fails To Link $28 Million in Cash Seized From Najib Residence to 1MDB
Najib, center, arriving at the Malaysian Anti-Corruption Commission's headquarters in Putrajaya, Malaysia, on May 22, 2018.
Photographer: Rahman Roslan/BloombergThis article is for subscribers only.
Malaysia’s government has failed to prove the 114 million ringgit ($28 million) cash seized from a residence linked to former Prime Minister Najib Razak was part of 1MDB’s stolen funds, a judge ruled on Thursday.
The ruling follows the government’s attempt to forfeit the money, which Najib had claimed was for election purposes. The cash, in 26 different currencies, was part of the 1.1 billion ringgit of items seized in 2018 amid investigations into the troubled state fund, 1MDB.