The Japan Times - Malaysia's Najib convicted of abuse of power in 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 convicted of abuse of power in 1MDB graft trial
Malaysia's Najib convicted of abuse of power in 1MDB graft trial / Photo: Mohd RASFAN - AFP/File

Malaysia's Najib convicted of abuse of power in 1MDB graft trial

Former Malaysian prime minister Najib Razak was found guilty on Friday of abusing his power in the 1MDB graft scandal, which saw billions plundered from the now-defunct sovereign wealth fund.

Text size:

His conviction is likely to heap years onto the six-year term he is already serving for a separate case related to the 1MDB fund.

Presiding Judge Collin Lawrence Sequerah convicted the 72-year-old former leader on Friday on all four counts of abuse of power. Najib will also face a verdict on 21 counts of money laundering linked to the fund, which sparked probes in several countries, from Singapore to the United States.

While Najib, the son of one of the country's founding fathers, was groomed for leadership from a young age, he experienced a spectacular fall from power as public anger mounted over the corruption scandal.

Since Najib's 2018 election loss, investigations under successive governments have ensnared him and wife Rosmah Mansor in graft allegations.

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

According to investigators, proceeds from the state fund were used to bankroll high-end real estate, a luxury yacht and precious artworks.

Friday's hearing opened around 9:00 am (0100 GMT) before the Kuala Lumpur High Court in the country's administrative capital of Putrajaya.

Presiding Judge Sequerah started reading a lengthy verdict, before breaking for Friday afternoon prayers, with the hearing resuming at 3:00 pm.

- 'Unmeritorious' -

During the morning reading, Judge Sequerah dismissed several of the defence lawyers' arguments, including that Najib was duped by his close associate, the shadowy businessman Low Taek Jho, better known as Jho Low.

"The evidence clearly points to the fact that this was no coincidence but was evident of a relationship in which Jho Low operated as a proxy or agent of the accused (Najib) with regard to the running of the affairs of 1MDB," Sequerah said.

The defence's argument that Najib was "misled and duped by management and by Jho Low is unmeritorious", the judge said.

Low, who is currently on the run, is seen as the mastermind behind the scheme to plunder the country's investment vehicle.

Sequerah also dismissed arguments that the money flowing into Najib's accounts was "donations" from Middle East funders, calling it a "tale that surpassed even those from the Arabian Nights".

The prosecution presented bank records, testimony from over 50 witnesses and documentary evidence.

Najib "paints himself as a victim of rogue subordinates, when in truth, he was the single most powerful decision-maker", deputy public prosecutor Ahmad Akram Gharib told the court during closing arguments.

"The accused wielded absolute financial, executive and political control," he said.

- 'No fair trial' -

Najib's lawyers have previously said the politician was unaware that 1MDB's management was working hand in glove with Low to siphon 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 dented Malaysia's image abroad.

Najib has apologised for allowing the 1MDB scandal to happen during his tenure, but he maintains he knew nothing about illegal transfers from the 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 rather than the Kajang Prison outside Kuala Lumpur.

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.

K.Hashimoto--JT