Former Malaysian PM gets 12 years jail, $50-million fine in 1MDB trial
Former Malaysian Prime Minister Najib Razak in a verdict on July 28 has been found guilty on all seven charges in the first trial on the multi-billion dollar financial scandal surrounding state fund 1Malaysia Development Berhad, or 1MDB.
The charges include three counts of money laundering, three counts of criminal breach of trust and one count of abuse of power.
He was sentenced to 12 years in prison for abuse of power and ten years in jail for each of six counts of money laundering and breach of trust. The sentences are to run concurrently. He was also handed a fine of 210 million ringgits (nearly $50 million) over his involvement in the 1MDB scandal, which saw the transfer of millions of dollars from the fund to his private accounts.
“Case proven beyond reasonable doubt” – judge
“After considering all evidence in this trial, I find that the prosecution has successfully proven its case beyond a reasonable doubt,” judge Mohamad Nazlan Mohamad Ghazali told the Kuala Lumpur High Court.
Najib, who pleaded not guilty to the charges, said that he was being misled by financial advisers, in particular fugitive financier Jho Low, who, in turn, insists on his innocence.
The disgraced ex-premier is expected to remain out of prison until appeals are exhausted. However, he still faces dozens of other charges in additional trials also related to the 1MDB scandal.
The cases against him are seen as a test of Malaysia’s anti-corruption efforts.
Former Malaysian Prime Minister Najib Razak in a verdict on July 28 has been found guilty on all seven charges in the first trial on the multi-billion dollar financial scandal surrounding state fund 1Malaysia Development Berhad, or 1MDB. The charges include three counts of money laundering, three counts of criminal breach of trust and one count of abuse of power. He was sentenced to 12 years in prison for abuse of power and ten years in jail for each of six counts of money laundering and breach of trust. The sentences are to run concurrently. He was also handed a...
Former Malaysian Prime Minister Najib Razak in a verdict on July 28 has been found guilty on all seven charges in the first trial on the multi-billion dollar financial scandal surrounding state fund 1Malaysia Development Berhad, or 1MDB.
The charges include three counts of money laundering, three counts of criminal breach of trust and one count of abuse of power.
He was sentenced to 12 years in prison for abuse of power and ten years in jail for each of six counts of money laundering and breach of trust. The sentences are to run concurrently. He was also handed a fine of 210 million ringgits (nearly $50 million) over his involvement in the 1MDB scandal, which saw the transfer of millions of dollars from the fund to his private accounts.
“Case proven beyond reasonable doubt” – judge
“After considering all evidence in this trial, I find that the prosecution has successfully proven its case beyond a reasonable doubt,” judge Mohamad Nazlan Mohamad Ghazali told the Kuala Lumpur High Court.
Najib, who pleaded not guilty to the charges, said that he was being misled by financial advisers, in particular fugitive financier Jho Low, who, in turn, insists on his innocence.
The disgraced ex-premier is expected to remain out of prison until appeals are exhausted. However, he still faces dozens of other charges in additional trials also related to the 1MDB scandal.
The cases against him are seen as a test of Malaysia’s anti-corruption efforts.
