Berliner Boersenzeitung - Najib sent to jail after Malaysia top court upholds sentence in 1MDB scandal

EUR -
AED 4.06399
AFN 74.684642
ALL 98.614613
AMD 428.314428
ANG 1.992587
AOA 1052.842468
ARS 1072.968221
AUD 1.606373
AWG 1.991597
AZN 1.87563
BAM 1.950288
BBD 2.232291
BDT 132.117805
BGN 1.955558
BHD 0.417054
BIF 3201.492796
BMD 1.106443
BND 1.423474
BOB 7.638859
BRL 6.041505
BSD 1.105575
BTN 92.664114
BWP 14.432169
BYN 3.618009
BYR 21686.282635
BZD 2.228341
CAD 1.493742
CDF 3172.721635
CHF 0.937816
CLF 0.036225
CLP 999.550067
CNY 7.779735
CNH 7.777628
COP 4672.541947
CRC 573.075206
CUC 1.106443
CUP 29.320739
CVE 110.643632
CZK 25.283218
DJF 196.637203
DKK 7.457759
DOP 66.94579
DZD 146.902308
EGP 53.36629
ERN 16.596645
ETB 130.963903
FJD 2.423329
FKP 0.842622
GBP 0.833544
GEL 3.026102
GGP 0.842622
GHS 17.526081
GIP 0.842622
GMD 76.896219
GNF 9554.694987
GTQ 8.545925
GYD 231.179928
HKD 8.600215
HNL 27.4918
HRK 7.522718
HTG 145.880353
HUF 398.212235
IDR 16844.045527
ILS 4.156076
IMP 0.842622
INR 92.84252
IQD 1448.332929
IRR 46567.417612
ISK 149.901275
JEP 0.842622
JMD 174.028165
JOD 0.784135
JPY 159.146296
KES 142.59692
KGS 93.208199
KHR 4497.962722
KMF 489.378831
KPW 995.798065
KRW 1465.9291
KWD 0.338015
KYD 0.92123
KZT 531.956594
LAK 24097.154758
LBP 98997.158221
LKR 326.257936
LRD 213.909985
LSL 19.131703
LTL 3.267038
LVL 0.669277
LYD 5.234207
MAD 10.792596
MDL 19.296071
MGA 5059.335592
MKD 61.43637
MMK 3593.683677
MNT 3759.693236
MOP 8.851743
MRU 43.738782
MUR 50.918555
MVR 16.98391
MWK 1916.744345
MXN 21.718005
MYR 4.607785
MZN 70.674059
NAD 19.131876
NGN 1845.911731
NIO 40.685383
NOK 11.74508
NPR 148.261646
NZD 1.759488
OMR 0.425957
PAB 1.105496
PEN 4.102967
PGK 4.335785
PHP 62.319262
PKR 306.935345
PLN 4.287837
PYG 8615.80591
QAR 4.029811
RON 4.975787
RSD 117.036276
RUB 106.053094
RWF 1509.02611
SAR 4.151381
SBD 9.167514
SCR 14.770934
SDG 665.523064
SEK 11.368868
SGD 1.425242
SHP 0.842622
SLE 25.279238
SLL 23201.550623
SOS 631.771674
SRD 33.963319
STD 22901.136026
SVC 9.673748
SYP 2779.971139
SZL 19.136263
THB 36.0114
TJS 11.773574
TMT 3.883615
TND 3.366353
TOP 2.591402
TRY 37.857385
TTD 7.499737
TWD 35.256768
TZS 3012.843811
UAH 45.67732
UGX 4055.538314
USD 1.106443
UYU 45.960523
UZS 14085.319637
VEF 4008147.863359
VES 40.80145
VND 27229.562023
VUV 131.359135
WST 3.095233
XAF 654.061213
XAG 0.035272
XAU 0.000416
XCD 2.990217
XDR 0.815879
XOF 654.108371
XPF 119.331742
YER 276.946556
ZAR 19.255368
ZMK 9959.304051
ZMW 28.991967
ZWL 356.274192
  • RBGPF

    3.0600

    63.86

    +4.79%

  • NGG

    0.3520

    70.022

    +0.5%

  • CMSC

    0.0450

    24.765

    +0.18%

  • BP

    0.7010

    32.091

    +2.18%

  • RELX

    -0.0850

    47.375

    -0.18%

  • SCS

    -0.2100

    13.28

    -1.58%

  • RYCEF

    -0.0100

    7.04

    -0.14%

  • GSK

    -0.4850

    40.395

    -1.2%

  • CMSD

    0.0800

    24.86

    +0.32%

  • BTI

    -0.2100

    36.37

    -0.58%

  • AZN

    0.7550

    78.665

    +0.96%

  • VOD

    -0.0850

    9.935

    -0.86%

  • BCC

    -0.0650

    140.915

    -0.05%

  • BCE

    0.0300

    34.83

    +0.09%

  • RIO

    -0.1150

    71.055

    -0.16%

  • JRI

    -0.1400

    13.53

    -1.03%

Najib sent to jail after Malaysia top court upholds sentence in 1MDB scandal
Najib sent to jail after Malaysia top court upholds sentence in 1MDB scandal / Photo: Arif Kartono - AFP

Najib sent to jail after Malaysia top court upholds sentence in 1MDB scandal

Malaysia's highest court Tuesday upheld former prime minister Najib Razak's 12-year jail sentence for corruption in the 1MDB financial scandal, a decision analysts said could slam the door to a political comeback.

Text size:

Najib's daughter-in-law Nur Sharmila Shaheen said the family was told he was sent to Kajang Prison, located south of the capital Kuala Lumpur.

"My father-in-law asked us to take care of the family. He remained strong and calm," she said.

Federal Court chief justice Maimun Tuan Mat, speaking on behalf of a five-judge panel, said the tribunal found Najib's "complaints as contained in the petition of appeal devoid of any merit".

"On the totality of the evidence, we find the conviction of the appellant on all seven charges safe. We also find that the sentence imposed is not manifestly excessive," she added.

The appeals are "unanimously dismissed and the conviction and sentence are affirmed", Maimun said.

The 69-year-old former prime minister looked somber and dejected, seated by his wife Rosmah and two children as the verdict was read.

Journalists who were in an adjacent room watching the proceedings through video link saw Najib surrounded by family members, friends and party mates before the connection was cut off.

Outside the court, teary-eyed family members and supporters hugged each other.

Earlier in the day when Najib arrived in court, around 300 supporters mobbed his car chanting "bossku" -- "my boss" in Malay -- a rallying cry among his defenders.

Just before the verdict was read, Najib, who had said he received an unfair trial, made an impassioned plea asking for a two-month adjournment so he can adequately prepare for a defence.

During a break in the proceedings, he spoke to supporters, telling them "if I am guilty, please forgive me".

- Barred from elections -

Najib is the UK-educated son of one of Malaysia's founding fathers who had been groomed for the prime minister's post from a young age.

The final ruling on the jail sentence also came four years after his long-ruling party's shock election defeat in 2018, during which allegations he and his friends embezzled billions of dollars from state fund 1MDB were key campaign issues.

A lower court in July 2020 found Najib guilty of abuse of power, money laundering and criminal breach of trust over the transfer of 42 million ringgit ($10 million) from SRC International, a former unit of state fund 1MDB, to his personal bank account.

An appellate court in December denied his appeal, prompting him to go to the Federal Court for a final recourse.

Some analysts said the decision will likely derail any plans by Najib for a political comeback.

"Under Malaysian law, Najib cannot stand for this election and the next election (if found guilty)," James Chin, a professor of Asian studies at the University of Tasmania, told AFP before the verdict was announced.

"Obviously, his political career is gone."

There has been speculation that polls may be held this year, though elections are not due until September 2023.

But Oh Ei Sun, principal adviser for think-tank Pacific Research Center of Malaysia, said one way out for Najib is to get the king's pardon.

"He could still apply for clemency (from the king)," he told AFP. "And if pardoned, as many expect, he could easily mount a comeback as his feudalistically minded supporters are numerous in number."

Najib and his ruling party were voted out in 2018 following allegations of their involvement in a multibillion-dollar financial scandal at 1MDB.

He and his associates were accused of stealing billions of dollars from the country's investment vehicle and spending it on everything from high-end real estate to pricey art.

(G.Gruner--BBZ)