The Japan Times - Malaysia's Najib to face verdict in mega 1MDB graft trial

EUR -
AED 4.164447
AFN 72.004008
ALL 94.192054
AMD 417.364792
ANG 2.030235
AOA 1040.391472
ARS 1677.41211
AUD 1.64532
AWG 2.042535
AZN 1.930749
BAM 1.955652
BBD 2.284927
BDT 139.536383
BGN 1.917381
BHD 0.427768
BIF 3380.74462
BMD 1.133954
BND 1.471889
BOB 7.839339
BRL 5.899396
BSD 1.134514
BTN 107.038914
BWP 15.480694
BYN 3.228585
BYR 22225.505097
BZD 2.281708
CAD 1.614791
CDF 2572.941842
CHF 0.922228
CLF 0.026522
CLP 1043.827275
CNY 7.700119
CNH 7.71754
COP 3900.247298
CRC 516.360994
CUC 1.133954
CUP 30.04979
CVE 110.255699
CZK 24.253412
DJF 202.022958
DKK 7.474296
DOP 66.85495
DZD 151.455507
EGP 56.136297
ERN 17.009315
ETB 178.928606
FJD 2.544817
FKP 0.861749
GBP 0.861788
GEL 2.993284
GGP 0.861749
GHS 12.759924
GIP 0.861749
GMD 82.212457
GNF 9941.249043
GTQ 8.655346
GYD 237.369976
HKD 8.890871
HNL 30.356707
HRK 7.536148
HTG 148.278799
HUF 355.563292
IDR 20390.766972
ILS 3.374079
IMP 0.861749
INR 107.019152
IQD 1486.187734
IRR 1559243.917571
ISK 144.012695
JEP 0.861749
JMD 178.806493
JOD 0.803924
JPY 183.550352
KES 146.948813
KGS 99.164194
KHR 4568.6146
KMF 492.135677
KPW 1020.559304
KRW 1750.190057
KWD 0.351197
KYD 0.94542
KZT 549.838465
LAK 25213.873004
LBP 101596.829476
LKR 382.341118
LRD 206.472582
LSL 18.787581
LTL 3.348272
LVL 0.685917
LYD 7.28545
MAD 10.680393
MDL 20.137301
MGA 4836.591994
MKD 61.64877
MMK 2380.776672
MNT 4063.891816
MOP 9.161727
MRU 45.062596
MUR 54.645287
MVR 17.519607
MWK 1967.234048
MXN 20.004786
MYR 4.668829
MZN 72.470882
NAD 18.787581
NGN 1564.641505
NIO 41.745926
NOK 11.216854
NPR 171.258288
NZD 2.011646
OMR 0.436007
PAB 1.134504
PEN 3.882321
PGK 4.978624
PHP 69.42412
PKR 315.72835
PLN 4.287396
PYG 6932.415194
QAR 4.135351
RON 5.232175
RSD 117.384725
RUB 85.611258
RWF 1667.159361
SAR 4.259484
SBD 9.130547
SCR 15.940623
SDG 680.372671
SEK 11.070479
SGD 1.471646
SHP 0.846611
SLE 28.120022
SLL 23778.459723
SOS 648.345307
SRD 42.478358
STD 23470.565428
STN 24.498149
SVC 9.92725
SYP 125.338352
SZL 18.785167
THB 37.877702
TJS 10.488215
TMT 3.96884
TND 3.368546
TOP 2.73029
TRY 52.745603
TTD 7.705418
TWD 36.116109
TZS 2969.757262
UAH 51.013146
UGX 4197.682909
USD 1.133954
UYU 45.516562
UZS 13627.97055
VES 703.905542
VND 29845.678273
VUV 135.871245
WST 3.149871
XAF 655.901669
XAG 0.019811
XAU 0.000285
XCD 3.064569
XCG 2.0446
XDR 0.814184
XOF 655.907453
XPF 119.331742
YER 270.589849
ZAR 18.783807
ZMK 10206.954842
ZMW 20.477273
ZWL 365.132835
  • CMSC

    -0.0450

    22.065

    -0.2%

  • RBGPF

    0.0000

    61.3

    0%

  • RIO

    -1.5500

    94.03

    -1.65%

  • BCE

    0.1600

    23.2

    +0.69%

  • GSK

    -0.9800

    51.09

    -1.92%

  • RELX

    -0.0600

    31.15

    -0.19%

  • CMSD

    0.0600

    22.02

    +0.27%

  • AZN

    2.0000

    183.02

    +1.09%

  • BCC

    5.8600

    77.66

    +7.55%

  • RYCEF

    -0.1600

    18

    -0.89%

  • NGG

    1.2600

    82.83

    +1.52%

  • JRI

    -0.0600

    12.57

    -0.48%

  • VOD

    -0.2400

    13.81

    -1.74%

  • BTI

    0.6500

    61.39

    +1.06%

  • BP

    -1.4700

    37.86

    -3.88%

Malaysia's Najib to face verdict in mega 1MDB graft trial
Malaysia's Najib to face verdict in mega 1MDB graft trial / Photo: Mohd RASFAN - AFP/File

Malaysia's Najib to face verdict in mega 1MDB graft trial

Former prime minister Najib Razak faces judgment on Friday for his alleged involvement in Malaysia's 1MDB mega-graft scandal, with a guilty verdict likely to add years to a sentence already being served.

Text size:

The 72-year-old faces four counts of abuse of power and 21 counts of money laundering relating to the plunder of hundreds of millions of dollars from the Southeast Asian nation's 1MDB sovereign wealth fund, sparking probes in several countries.

If found guilty, the man once seen as political royalty faces years more behind bars, already serving a six-year jail term after a conviction in a separate case relating to the 1MDB fund.

It was not known whether sentencing would immediately follow a guilty verdict, but if acquitted, Najib will return to Kajang Prison outside Kuala Lumpur to continue serving his prior sentence.

The verdict proceeding, expected to start at 9:00 am (0100 GMT) before the Kuala Lumpur High Court, will take place in Malaysia's administrative capital Putrajaya.

Judge Collin Lawrence Sequerah will deliver his verdict in the marathon trial, seen as the main case in the 1MDB affair and which involves some 2.28 billion ringgit ($563 million).

Prosecutors say Najib abused his position as prime minister, finance minister and 1MDB advisory board chairman to move large amounts of money from the fund to his personal accounts more than a decade ago.

The prosecution presented bank records, testimony from over 50 witnesses and documentary evidence, while slapping down defence arguments blaming Najib's close associate -- the shadowy fugitive businessman Low Taek Jho, also known as Jho Low.

Low, who is currently on the run, is seen as the mastermind behind the scheme to plunder the country's investment vehicle and spend the proceeds on everything from high-end real estate to pricey art, including a Monet and a Van Gogh.

- 'Powerful decision-maker' -

Prosecutors said Najib "paints himself as a victim of rogue subordinates, when in truth, he was the single most powerful decision-maker".

"The accused wielded absolute financial, executive and political control," Ahmad Akram Gharib told the court during closing arguments.

Najib's lawyers say the money that flowed into his account was donations from the Middle East.

They argued the politician was unaware that 1MDB's management was working hand in glove with Low to suck out large amounts of money from the fund, ostensibly established to foster economic growth in Malaysia.

Najib's lawyer, Muhammad Shafee Abdullah, last week told journalists his client "never got a fair trial".

He again blamed Low for the scandal which sparked probes internationally, from neighbouring Singapore to Europe and the United States, and rocked Malaysia's image abroad.

Najib has issued an apology for the 1MDB scandal happening during his tenure, but maintains he knew nothing about illegal transfers from the now-defunct state fund.

His legal battle was dealt a blow on Monday after he lost a bid to serve the remainder of his current jail term at home.

A conviction could further hamper his lingering influence within Malaysia's oldest political party, the United Malays National Organisation, which was ousted from power in 2018.

Each count of abuse of power is punishable by up to 20 years in jail and a fine of up to five times the amount of the bribe.

T.Kobayashi--JT