Search Results for: Najib Razak

News agency CNA revealed Wednesday that the top pardons board in Malaysia halved former Prime Minister Najib Razak’s 12-year sentence for corruption, embezzlement and money laundering through Malaysia’s state-owned 1Malaysia Development Berhad (1MDB). The board has also reduced the imposed fine to 50 million ringgit ($10.6 million) from 210 million ringgit. Provided Razak pays this, [...]

READ MORE

Human rights advocate groups Article 19 and CIVICUS on Thursday released a joint statement expressing concern that peaceful protestors across Malaysia are being met with harassment from police. The statement has come in the wake of a series of protests in the region, which has included farmers protesting against land eviction policies, a ‘Save Malaysia’ [...]

READ MORE

The appeal of former Malaysian prime minister Najib Razak began at the Palace of Justice in Putrajaya on Monday, as Najib attempts to overturn his 2020 conviction on corruption charges related to the 1Malaysia Development Berhad (1MDB) scandal. Najib’s conviction arose from charges involving money laundering, abuse of power, and criminal breach of trust from [...]

READ MORE

Former Malayisan Prime Minister Najib Rajak has been sentenced to 12 years in prison at the end of a trial stemming from the 1MDB corruption scandal. The Kuala Lumpur High Court found Najib guilty on all seven charges of abuse of power, breach of trust, and money laundering. Judge Mohamad Nazlan Ghazali Tuesday ordered the sentences [...]

READ MORE

The Malaysian government announced Friday that Goldman Sachs has agreed to a total settlement of USD $3.9 billion in the 1Malaysia Development Berhad (1MDB) corruption scandal. In return, the government will dissolve all the criminal charges and proceedings against the firm. The agreement includes a $2.5 billion cash payout by the investment bank and a [...]

READ MORE

The US Department of Justice (DOJ) reached a settlement Wednesday in the 1Malaysia Development Berhad (1MDB) fraud case in which Malaysian government officials allegedly siphoned money from the development bank for personal gain. The DOJ’s Kleptocracy Asset Recovery Initiative department finalized a settlement agreement that recovered $700 million from Low Taek Jho, who was the [...]

READ MORE

Rosmah Mansor, wife of former Malaysia prime minister Najib Razak, was charged on Wednesday with accepting a bribe in relation to a government solar power project. Rosmah Mansor was charged with accepting a 5 million ringgit (USD $1.2 million) payment through her aide from a manager at Jepak Holdings as a kickback for helping secure [...]

READ MORE

A Malaysian court on Monday postponed the trial set for Tuesday against former prime minister Najib Razak for money laundering and corruption-related charges, while seven of the charges are brought before the High Court. The charges were brought against Razak under the Malaysian constitution, Criminal Procedure Code and Malaysian Anti-Corruption Act of 2009. In May Razak was [...]

READ MORE