New Delhi, Dec. 26 -- Jailed former Malaysian Prime Minister Najib Razak was found guilty of abuse of power on Friday in the biggest trial yet in the multibillion-dollar fraud scandal at state fund 1MDB.

Najib had been charged with four counts of corruption and 21 counts of money laundering for receiving illegal transfers of about 2.2 billion ringgit ($544.15 million) from 1MDB. He had consistently denied wrongdoing, reported Reuters.

The judge is yet to deliver the full verdict and sentencing.

(This is a developing story. Keep checking for more updates)

Published by HT Digital Content Services with permission from MINT....