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Malaysia court upholds former PM Najib’s guilty verdict in 1MDB-linked case -Breaking


© Reuters.

KUALA LUMPUR – (Reuters) – On Wednesday, a Malaysian appeals court convicted former premier Najib Rasak in a corruption case involving 1Malaysia Development Bhd (1MDB).

After being found guilty for criminal breach of trust and abuse of power, Najib was sentenced last year to 12 years imprisonment and fined $50,000,000 by a high-court. He also received $10 million illegally from SRC International (an ex-unit of 1MDB).

He had not pleaded guilty to any wrongdoing and repeatedly denied it.

Abdul Karim Abdul Jalil, judge of the Supreme Court, said that he complied with Najib’s plea agreement regarding his conviction and sentencing on seven counts against him.

The judge stated, “We dismiss all appeals on seven of the charges”

Najib is currently free of bail while awaiting the outcome of the appeal.

Shafee Abdullah, his lawyer, told court that the former prime minister would appeal against the verdict of the Federal Court in Malaysia.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.