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Financial crime: Ex-Prime Minister of Malaysia sentenced to 15 years in prison

29/12/2025
Source : ORISHAS FINANCE
Categories: Compliance

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Ex-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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