Malaysia's former PM Najib Razak (C) at the Kuala Lumpur court for Tuesday's verdict on his three charges of money laundering, three of criminal breach of trust and one count of abuse of power. Photo: Mohd Rasfan/AFP via Getty Images

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.

Go deeper

Former top GOP fundraiser Elliott Broidy charged for foreign lobbying

Elliot Broidy (R) with business executive Fred Sands (L). Photo: Stefanie Keenan/Getty Images for Pepperdine University

Elliott Broidy, the former deputy finance chairman of the Republican National Committee, appears set to plead guilty to conspiracy to act as an unregistered foreign agent by lobbying the Trump administration to drop an investigation into the massive Malaysian embezzlement scheme 1MDB, according to a court filing.

Why it matters: Broidy is the latest 2016 Trump campaign associate to face criminal charges, joining former campaign chairman Paul Manafort, deputy chairman Rick Gates, chief executive Steve Bannon, adviser Michael Flynn, outside adviser Roger Stone and fellow deputy finance chairman Michael Cohen.

20 mins ago - World

Europe faces "stronger and deadlier" coronavirus wave

Paris under curfew. Photo: Kiran Ridley/Getty Images

The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France.

Why it matters: France has been "overpowered by a second wave,” President Emmanuel Macron said in a nationally televised address today. Macron said the "new wave will be stronger and deadlier" than the first.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!