Malaysian former PM Najib faces decades in prison

Posted July 05, 2018

Each charge carries a maximum prison sentence of 20 years while the graft charge entails an additional fine of at least five times the value of gratification.

Zeti Akhtar Aziz was responding to a Najib interview published on Monday in which he said the central bank was aware of the 2.6 billion ringgit ($643.41 million) placed in his account before the 2013 general election and did nothing.

Former prime minister Najib Razak was seen leaving his home at Langgak Duta here at 8.50pm tonight in a white multi-purpose vehicle (MPV), accompanied by another auto and two motorcycle escorts.

Commenting on the gag order, Muhammad Shafee said it was to stop anyone from making statements to the media and interfering with the court proceedings.

The case against him will be transferred to the High Court where Najib is expected to make his plea Wednesday.

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Mr Najib has always denied the allegations and was cleared of wrongdoing by Malaysian authorities when he was in power.

The former premier was also ordered to surrender his two Malaysian passports.

It's no doubt that this situation is tough on Najib's family, especially for his children.

Allegations of massive corruption were a major factor behind the electoral quake in May that toppled Najib's long-ruling coalition and ushered in a reformist alliance headed by his 92-year-old former mentor Mahathir Mohamad.

Najib set up 1MDB when he took power in 2009 but the fund amassed billions in debts and is being investigated in the USA and several other countries.

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SRC was created in 2011 by Najib's government to pursue overseas investments in energy resources, and was a unit of 1MDB until it was moved to the finance ministry in 2012.

SRC has been the initial focus of Malaysian investigators as all the suspicious transactions involving the firm were made through Malaysian entities, unlike other 1MDB related transactions that went through foreign banks and companies.

Mahathir told Reuters last month that embezzlement and bribery using government money were among the charges being considered against Najib, adding that his former protege was fully responsible for the 1MDB scandal.

Malaysian police say they have seized almost $275 million worth of jewelry, handbags, watches and cash from premises linked to Najib, while authorities have frozen more than 400 bank accounts as part of the 1MDB probe.

Anti-corruption officers arrived at his house in four unmarked cars and escorted the former PM to the Malaysian Anti-Corruption Commission. "Let investigations be conducted first, I have not had the chance to defend myself", Najib's voiceover said.

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