Breaking News
7.48pm : Datuk Seri Najib Razak successfully obtained a stay of execution for the 12 years imprisonment and RM210 million in fine imposed on him by the High Court.
"I find that the applicant has fully established special circumstances for the court to grant a stay of execution for the imprisonment and stay of the payment of fine as well. I also ordered for the bail to be increased by another RM1m with two sureties to be paid by tomorrow.”
Mohd Nazlan also ordered Najib to report to the nearest police station on the 1st and 15th of every month.
UPDATE 6.46PM
"I find that the applicant has fully established special circumstances for the court to grant a stay of execution for the imprisonment and stay of the payment of fine as well. I also ordered for the bail to be increased by another RM1m with two sureties to be paid by tomorrow.”
Mohd Nazlan also ordered Najib to report to the nearest police station on the 1st and 15th of every month.
UPDATE 6.46PM
BREAKING: The High Court has decided that Datuk Seri Najib Razak will have to pay a fine of RM210 million and to serve a 12-year jail sentence for his abuse of power charge in the SRC International trial.
The High Court has also decided that Najib will have to serve a 10-year jail term each for all his six other charges ---- three counts money-laundering and three counts criminal breach of trust.
The court's decision is as follows:
1) The charge under Section 23 of the Malaysian Anti-Corruption Commission (MACC) 2009 on abuse of power – 12 years and a fine of RM210mil, in default five years' jail.
2) Criminal breach of trust (CBT) with respect to all three charges under Section 409 of the Penal Code – 10 years each.
3) With respect to all three charges under Section 4(1)(b) of Anti-Money Laundering Act, Anti-Terrorism Financing Act and Proceeds of Unlawful Activities Act – 10 years each.
Justice Nazlan ordered for all jail sentences to run concurrently.
Former Malaysia PM Najib Razak found guilty of all 7 charges in 1MDB trial
CHANNEL NEWS ASIA
KUALA LUMPUR: Former Malaysian prime minister Najib Razak was found guilty on Tuesday (Jul 28) of all seven charges in his first corruption trial involving millions of ringgit linked to state development fund 1Malaysia Development Berhad (1MDB).
The charges include abuse of power, money laundering and criminal breach of trust.
High Court judge Mohamad Nazlan Mohamad Ghazali said when reading the judgment: “I find that the prosecution has successfully proven its case beyond a reasonable doubt. I therefore find the accused guilty and convict the accused on all seven charges."
He also noted that the defence “has not succeeded in rebutting the presumption on the balance of probabilities or raising reasonable doubt” on the abuse of power charge.
The charges against Najib, who served as prime minister from 2009 to 2018, involved the transfer of RM42 million (US$9.8 million) from former 1MDB unit SRC International into his personal bank accounts in 2014 and 2015.
He was charged with three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power.
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The court was told in the course of the trial that Najib was “shocked and upset” when he found out that millions of ringgit had been transferred into his private accounts.
His counsel Muhammad Shafee Abdullah had told AFP ahead of the verdict that “I feel good about the defence.”
To date Najib’s counsel had argued that Najib was merely a victim of a conspiracy planned by fugitive financier Low Taek Jho commonly known as Jho Low.
Besides this trial, Najib is also facing two other 1MDB-linked trials. The corruption case related to an alleged money laundering of RM27 million will be tried at Justice Mohamed Zaini Mazlan's court from July 5 next year.
In 2018, after the Najib-led Barisan Nasional government was ousted in the 14th general election, Dr Mahathir Mohamad, the next prime minister on his second stint in office, called for investigations on the 1MDB scandal to be reopened.
In the months that followed, Najib was barred from leaving the country and police had seized cash and other valuable items from premises linked to him.
