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

EUR -
AED 4.325399
AFN 78.180388
ALL 96.408676
AMD 449.276036
ANG 2.108701
AOA 1080.024425
ARS 1707.681127
AUD 1.755575
AWG 2.120298
AZN 2.00629
BAM 1.953553
BBD 2.372471
BDT 143.944397
BGN 1.955707
BHD 0.444289
BIF 3483.592241
BMD 1.17778
BND 1.51236
BOB 8.15758
BRL 6.497339
BSD 1.177945
BTN 105.831245
BWP 15.48412
BYN 3.438244
BYR 23084.488048
BZD 2.369064
CAD 1.610585
CDF 2591.116031
CHF 0.928933
CLF 0.027151
CLP 1065.124957
CNY 8.278024
CNH 8.254248
COP 4409.372773
CRC 588.323153
CUC 1.17778
CUP 31.21117
CVE 110.138289
CZK 24.299599
DJF 209.315033
DKK 7.469657
DOP 73.835055
DZD 152.451772
EGP 55.969872
ERN 17.6667
ETB 183.268378
FJD 2.672617
FKP 0.872304
GBP 0.871909
GEL 3.162364
GGP 0.872304
GHS 13.104868
GIP 0.872304
GMD 87.746236
GNF 10295.155759
GTQ 9.024617
GYD 246.435438
HKD 9.158052
HNL 31.049279
HRK 7.530958
HTG 154.23256
HUF 389.46949
IDR 19739.710619
ILS 3.758645
IMP 0.872304
INR 106.128519
IQD 1543.124685
IRR 49613.982391
ISK 147.999601
JEP 0.872304
JMD 187.893834
JOD 0.835057
JPY 184.045199
KES 151.874654
KGS 102.997025
KHR 4721.547969
KMF 492.312218
KPW 1059.988514
KRW 1709.300819
KWD 0.361803
KYD 0.981666
KZT 605.413491
LAK 25492.563413
LBP 105483.396982
LKR 364.640493
LRD 208.489255
LSL 19.604346
LTL 3.477678
LVL 0.712427
LYD 6.374666
MAD 10.747136
MDL 19.760183
MGA 5386.779817
MKD 61.581143
MMK 2473.57604
MNT 4188.956532
MOP 9.435305
MRU 46.645336
MUR 54.118777
MVR 18.196188
MWK 2042.541451
MXN 21.132218
MYR 4.764105
MZN 75.271775
NAD 19.604346
NGN 1708.417012
NIO 43.350127
NOK 11.787599
NPR 169.330191
NZD 2.017796
OMR 0.452852
PAB 1.17794
PEN 3.96374
PGK 5.087147
PHP 69.236976
PKR 329.968282
PLN 4.21584
PYG 7982.81603
QAR 4.29356
RON 5.089781
RSD 117.26685
RUB 93.024143
RWF 1715.618953
SAR 4.417493
SBD 9.602901
SCR 17.941617
SDG 708.433571
SEK 10.811214
SGD 1.513123
SHP 0.88364
SLE 28.355
SLL 24697.462078
SOS 672.024005
SRD 45.150792
STD 24377.668123
STN 24.471846
SVC 10.307142
SYP 13024.398759
SZL 19.588464
THB 36.593769
TJS 10.8252
TMT 4.134008
TND 3.426957
TOP 2.835812
TRY 50.482599
TTD 8.012748
TWD 37.200115
TZS 2913.176347
UAH 49.69283
UGX 4252.108088
USD 1.17778
UYU 46.037036
UZS 14196.667197
VES 339.305269
VND 30952.058465
VUV 142.325367
WST 3.284369
XAF 655.200432
XAG 0.016369
XAU 0.000263
XCD 3.183009
XCG 2.122958
XDR 0.813875
XOF 655.20321
XPF 119.331742
YER 280.841618
ZAR 19.584006
ZMK 10601.434191
ZMW 26.591295
ZWL 379.24468
  • SCS

    0.0200

    16.14

    +0.12%

  • BCE

    0.2800

    23.01

    +1.22%

  • CMSD

    0.1200

    23.14

    +0.52%

  • NGG

    0.2500

    77.49

    +0.32%

  • AZN

    0.3100

    92.45

    +0.34%

  • GSK

    0.1100

    48.96

    +0.22%

  • BCC

    1.4800

    74.71

    +1.98%

  • BTI

    0.2000

    57.24

    +0.35%

  • RYCEF

    -0.0300

    15.53

    -0.19%

  • RIO

    -0.0800

    80.89

    -0.1%

  • CMSC

    0.0100

    23.02

    +0.04%

  • RBGPF

    0.0000

    81.26

    0%

  • JRI

    0.0600

    13.47

    +0.45%

  • VOD

    0.0400

    13.1

    +0.31%

  • RELX

    -0.0400

    41.09

    -0.1%

  • BP

    -0.2700

    34.31

    -0.79%

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