Particle.news
Download on the App Store
35 ARTICLES
·
4d ago

Najib Razak Convicted on 1MDB Abuse‑of‑Power and Money‑Laundering Charges

The ruling centers on roughly RM2.3 billion in 1MDB transfers to Najib’s accounts, with the court dismissing his Saudi‑donation claim.

Image
FILE - Malaysian former Prime Minister Najib Razak, center, is escorted by prison officers on his arrival at the Kuala Lumpur High Court complex in Kuala Lumpur, Malaysia, Oct. 30, 2024. (AP Photo/Vincent Thian, File)
Image
Image

Overview

  • Judge Collin Lawrence Sequerah found the former Malaysian prime minister guilty on four counts of abuse of power and 21 counts of money laundering tied to the 1MDB fund.
  • The court said evidence showed an unmistakable connection between Najib and Low Taek Jho, describing Low as a proxy or intermediary in 1MDB dealings.
  • Sentencing details were not uniformly announced at the time of reporting, with several outlets noting that punishment had yet to be delivered.
  • Najib remains in custody after an earlier 2020 conviction that was later reduced by the Pardons Board, and a court this week rejected his bid for house arrest.
  • Investigations led by Malaysia and the U.S. indicate more than $4.5 billion was siphoned from 1MDB, with Jho Low still a fugitive and political fallout likely for the coalition government that includes Najib’s UMNO party.