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Find all the economic and financial information on our Orishas Direct application to download on Play StoreEx-Prime Minister of Malaysia Najib Razak was
convicted on Friday of abuse of power and money laundering. He is
Thus sentenced to 15 years in prison in the sprawling corruption scandal
from the Malaysian sovereign wealth fund 1MDB.
Ex-Prime Minister of Malaysia Najib Razak was
convicted of all four counts of abuse of authority in connection with
bribes of around 2.28 billion ringgits ($554 million)
(471 million euros) from the Malaysian sovereign wealth fund 1Malaysia
Development Berhad (1MDB), as well as the 21 counts of money laundering
of silver. He was also fined 11.4 billion euros on Friday.
Ringgits (2.8 billion dollars, or 2.4 billion euros) for his role
in the embezzlement of billions of dollars from the 1MDB fund, today
dissolved.
The president of the court, Collin Lawrence Sequerah, has
dismissed several of the defense's arguments, including that the money paid to
The ex-prime minister's accounts came from donations from the Middle East or wherever he
had been duped by a close associate, the underhanded businessman Low Taek
Jho, better known as Jho Low.
At the end of an eight-hour marathon hearing
Friday in Putrajaya, the administrative capital of Malaysia, Judge Collin
Lawrence Sequerah indicated that the execution of the final sentence would not begin
than after that of the previous one.
According to the prosecutor's office, Najib Razak nevertheless took advantage of his positions as Prime Minister
Minister, Minister of Finance and Chairman of the Fund's Advisory Board
to transfer large amounts of money from the company to their personal accounts
over 10 years ago.
The prosecution presented bank statements, statements of more than 50 witnesses, and other documents In charge, explaining that Jho Low, a financier with numerous unrelated relationships official, had helped create the fund and made the financial decisions strategic.
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