Former Malaysian Prime Minister Najib Razak was found guilty of all seven corruption charges Tuesday, in the first of five trials connected to a multi-billion dollar scandal at state fund 1MDB. He's vowed to appeal, AP reports.
Why it matters: The case helped lead to his party's 2018 election loss and was considered a "test of Malaysia's rule of law and anti-corruption efforts," per the BBC. The verdict comes days after Goldman Sachs agreed to a $3.9 billion settlement — including $2.5 billion in cash — in exchange for charges being dropped over its role in raising funds for 1MDB when Najib was PM, Bloomberg notes.
Go deeper: Goldman banker banned from industry amid 1MDB scandal
Editor's note: This article has been updated with new details throughout.
