World Business Report 1MDB: Ex-Malaysia PM Najib Razak found guilty in state funds scandal
Dec 26, 2025
Jonathan Josephs, a BBC World Service reporter, discusses the guilty verdict against former Malaysian PM Najib Razak for corruption linked to 1MDB, highlighting its political consequences. William Lee Adams tackles the recent US de minimis rule change and its significant impact on small exporters who are bracing for increased costs. Meanwhile, Remy Adelike dives into Nigeria's booming 'Detty December,' exploring the economic uplift and the logistical hurdles event organizers face during this festive season.
AI Snips
Chapters
Transcript
Episode notes
High-Profile Conviction Shakes Malaysian Politics
- Najib Razak was found guilty of multiple counts tied to about $560m linked to 1MDB.
- This verdict marks a dramatic fall for a political dynasty and signals more legal fallout to come.
Fall From A Political Dynasty
- Jonathan Josephs describes Najib's fall from grace within a prominent political family.
- He notes Najib's father and uncle were founding prime ministers, underscoring the case's symbolic weight.
De Minimis Rule Shift Reshapes Small Trade
- The removal of the US de minimis rule shrank duty-free parcels under $800 by 54%.
- The policy shift immediately raised costs and disrupted small foreign exporters to the US.