Malaysia's former prime minister Najib Razak arrives at the court. File photo
Malaysia's former prime minister Najib Razak was found guilty of corruption on Tuesday in the first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB).
The case has been widely seen as a test for Malaysia's efforts to stamp out corruption and could have big political implications for the Southeast Asian nation.
"After considering all evidence in this trial, I find that the prosecution has successfully proven its case beyond a resonable doubt," Kuala Lumpur High Court Judge Mohamad Nazlan Mohamad Ghazali said.
Najib has said he would appeal any decision at the federal court and his lawyers sought a delay in sentencing. The corruption charges carry hefty fines and jail terms of up to 15 or 20 years.
Najib faced seven charges of criminal breach of trust, money laundering and abuse of power for allegedly illegally receiving nearly $10 million from former 1MDB unit SRC International. He had pleaded not guilty.
That's only a fraction of the money that Najib is alleged to have misappropriated from 1MDB. Prosecutors say more than $1 billion of 1MDB funds made its way into his personal accounts - over which he faces a total of 42 criminal charges.
US and Malaysian authorities say a total of $4.5 billion is believed to have been stolen from 1MDB, a fund Najib founded, and used across the world to buy art, a superyacht and fund the "Wolf of Wall Street" movie.
US officials have said the amount of money stolen "from the people of Malaysia is staggering", with former US attorney-general Jeff Sessions describing the scandal as kleptocracy at its worst.
Allegations of corruption over 1MDB have hung over Najib for more than five years. But the criminal charges came only after his defeat in the 2018 election when his successor Mahathir Mohamad reopened investigations.
"The conviction sends a strong message that leaders will be held accountable for wrongdoings in office," opposition lawmaker Charles Santiago said. "He can't steal people's money and expect to walk free."Reuters
Former Malaysian leader Najib Razak’s third corruption trial opened on Monday, with prosecutors saying Najib had tampered with a government audit of the 1MDB
Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday.
The Malaysian producer of Hollywood film “The Wolf of Wall Street” and stepson of the country’s disgraced ex-leader was on Friday charged with illegally receiving almost $250 million from state fund 1MDB.
The Ministry underscored the UAE's keenness to deepen cooperation with the Republic of Sudan in all fields and strengthen ties between the two countries and peoples.
Another blast later in the day near the money exchange market in Jalalabad injured six people, according to police in Nangahar province.
This amendment will be applied for the period from June 1, 2018 to December 31, 2022, noting that the term provided in the aforementioned Cabinet Decision No. (25) of 2018 (goods) will be re-applied starting from January 1, 2023.