World

Malaysian ex-PM sentenced to 12 years in prison

In the first multi-million dollar corruption trial former Malaysian PM Najib Razak has been found guilty of all seven charges.

The 1MDB scandal around money that went missing from a state development fund has uncovered a global web of fraud and corruption.

The charges are the first of 42 that Najib still faces over five separate trials. They concern 42 million Malaysian ringgit ($9.5 million, €8.1 million) allegedly stolen from SRC International, a 1MDB company set up by Najib when he took office in 2009.

Najib, who was in rule between 2009 and 2018, pleaded not guilty to the charges of criminal breach of trust, money laundering, and abuse of power.

Najib denies all wrongdoing and says he was misled by financial advisers – in particular fugitive financier Jho Low.

Najib’s lawyers argued that the ex-PM was led to believe the funds in his accounts were donated by the Saudi royal family rather than transferred from the state fund.

The charges carry from 15 to 20 years in prison each.

The former PM is due on August 3 for the next hearings over theft of $700 million in public money from 1MDB.

His wife, Rosmah Mansor, also faces money-laundering and tax evasion charges, to which she has pleaded not guilty.

Related Articles

Close