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.
183 Articles
183 Articles
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.
Former Malaysian Prime Minister Najib Razak was convicted of corruption related to the 1MDB fund and received 647 million euros in his accounts. He denied any malfeasance.
Malaysia's ex-premier Najib is at the centre of one of the biggest scandals in financial history. Now he is convicted of abuse of power and money laundering. The embezzled money, among other things, bought works of art, real estate and yachts - a case that made headlines worldwide.
Former Malaysian Prime Minister Najib Razak was convicted of corruption in relation to the 1MDB fund, which received 647 million euros in its accounts. Razak has denied...
The court found the former Malaysian prime minister guilty on all four counts of abuse of power and 21 counts of money laundering.
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