Malaysian Court Orders Lengthy Sentence to Ex-Premier
The punishment stemmed from the misappropriation of 2.3 billion ringgits ($568 million) connected to the sovereign wealth fund 1Malaysia Development Berhad (1MDB), as reported by a news agency, the government-run news agency.
High Court Justice Collin Lawrence Sequerah ruled that Najib’s prison term would commence in 2028, following the completion of his current six-year incarceration tied to a separate case involving SRC International, a former subsidiary of 1MDB, according to a media outlet.
Now 72, Najib has been embroiled in multiple legal proceedings related to the 1MDB controversy. Malaysian and United States investigators have alleged that approximately $4.5 billion was siphoned from the fund through a complex global scheme spanning from 2009 to 2014.
In 2020, he was convicted of criminal breach of trust and misuse of power for unlawfully obtaining funds diverted from 1MDB.
Najib, who served two consecutive terms as head of government beginning in 2009, is presently carrying out his sentence at Kajang Prison in Malaysia’s Selangor state.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.