US EditionFormer Malaysian leader Najib Razak sentenced to 15 years and hefty fine in 1MDB corruption trial
Najib Razak was sentenced to 15 additional years and fined RM11.4 billion for abusing power and laundering RM2.3 billion in the 1MDB scandal, the court ruled.
- Friday's ruling in Putrajaya sent Najib Razak, former Malaysian prime minister, to 15 years in prison for each abuse-of-power count, with fines and asset recovery ordered.
- The case stems from Najib Razak's creation and oversight of 1Malaysia Development Berhad, which he set up shortly after taking office in 2009 and chaired with veto power.
- Judge Sequerah said in his verdict that the 76 witnesses over seven years and four purported Saudi donor letters, described by the court as likely forged, debunked Najib's claim, stating `The accused was no country bumpkin`.
- On Monday, the court turned down Najib's house‑arrest request, rekindling tensions and deepening strains in Prime Minister Anwar Ibrahim's coalition, while Najib's legal team say they will appeal.
- The verdict underlines the global reach of the 1MDB scandal, marking a major milestone that triggered probes including by the US Justice Department and exposed Goldman Sachs to billions in fines.
211 Articles
211 Articles
Former Malaysian PM Najib Razak sentenced to 15 more years in landmark corruption case
A Malaysian judge sentenced former prime minister Najib Razak to 15 more years in jail on Friday (December 26) after convicting him of abuse of power and money laundering in a sovereign wealth fund graft scandal.
Malaysia's ex-Prime Minister Najib Razak collected a clear rejection in court. As one of the masterminds of the 1MDB slump, he probably remains in prison for years.
Hastings Tribune
union-bulletin.comMalaysia fines ex-PM Najib $2.8 billion for 1MDB scandal, adds jail time
Former Malaysian Prime Minister Najib Razak, already jailed for his role in the 1MDB scandal, faces another 15 years in prison and a fine of 11.4 billion ringgit ($2.8 billion) after being convicted of abuse of power and money laundering…
Former Malaysia PM Najib Razak Jailed for 15 More Years in Major 1MDB Case
Get latest articles and stories on World at LatestLY. Najib, 72, was found guilty of illegally transferring 2.2 billion Malaysian ringgit (about USD 543 million) from the state investment fund 1Malaysia Development Berhad (1MDB) into his personal bank accounts. The court convicted him on four charges of abuse of power and 21 charges of money laundering. World News | Former Malaysia PM Najib Razak Jailed for 15 More Years in Major 1MDB Case.
Prosecutors allege that former Prime Minister Najib Razak siphoned off some €4.5 billion from Malaysia's sovereign wealth fund; the money allegedly ended up in the production of the Hollywood film The Wolf of Wall Street, among other things.
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