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High Court Finds Najib Razak Liable for $1.3 Billion Fraud

4/1/2026

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Summary

Story summary

The High Court ruled Najib Razak, former Malaysian prime minister, abused his power and allowed SRC International's US$1.3 billion lawsuit against him.
The court found Najib liable for US$1.18 billion in investment losses and US$120 million for fraudulent actions.
Najib has appealed the decision and sought a stay on payment.
The suit originally named SRC directors, but now centers on Najib Razak and Nik Faisal.

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Story summary

The High Court ruled Najib Razak, former Malaysian prime minister, abused his power and allowed SRC International's US$1.3 billion lawsuit against him.
The court found Najib liable for US$1.18 billion in investment losses and US$120 million for fraudulent actions.
Najib has appealed the decision and sought a stay on payment.
The suit originally named SRC directors, but now centers on Najib Razak and Nik Faisal.