Najib reiterates innocence after 1MDB verdict, says money was spent on orphans and ‘welfare programmes’

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

KUALA LUMPUR: Former Malaysia prime minister Najib Razak has reiterated his innocence after a guilty verdict in his first 1Malaysia Development ...

KUALA LUMPUR: Former Malaysia prime minister Najib Razak has reiterated his innocence after a guilty verdict in his first 1Malaysia Development Berhad trial, claiming that a majority of the money that he was accused of misappropriating was used for welfare activities.

“I was also fined RM3.25 million because I had donated RM650,000 to UMNO in Johor, Penang and Kedah for their welfare programmes," he said. On Jul 28, Najib was sentenced to 12 years in jail and fined RM210 million following a guilty verdict in his first corruption trial involving millions of ringgit linked to state fund 1MDB.High Court judge Mohamad Nazlan Mohamad Ghazali said when reading the judgment: “I find that the prosecution has successfully proven its case beyond a reasonable doubt. I therefore find the accused guilty and convict the accused on all seven charges.

For abuse of power, the judge handed out a sentence of 12 years' jail and a RM210 million fine. If Najib fails to pay the fine, a five-year jail sentence will be served in lieu.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia open to settling 1MDB case against Abu Dhabi state fundKUALA LUMPUR (BLOOMBERG) - Malaysia is open to settling its legal battle with Abu Dhabi's state investment fund over 1MDB, just weeks after clinching a multibillion dollar deal with Goldman Sachs over the troubled state fund.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Malaysian lawyer faces money laundering charges involving $4.9m cheques from NajibKUALA LUMPUR - Lawyer Mohd Hafarizam Harun on Monday (Aug 3) claimed trial to three money laundering charges for receiving RM15 million (S$4.9 million) in illicit funds from former premier Najib Razak in 2014 and 2015.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Commentary: How Najib Razak's verdict complicates Malaysia’s game of thronesThe verdict is good news for Prime Minister Muhyiddin Yassin, but his next steps are not so clear-cut, says an observer.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

In court, former 1MDB CEO denies being part of alleged ‘criminal scheme’ with Goldman Sachs, other officials to defraud sovereign wealth fundFormer 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi denied that he personally benefited illicitly from a transaction from the firm to a company now revealed to be a fake entity with a strikingly similar name to Abu Dhabi firm Aabar Investments PJS.
Source: YahooSG - 🏆 3. / 71 Read more »

All you need to know about: The High Court’s judgment on Najib’s SRC trialKUALA LUMPUR, Aug 3 — The High Court’s verdict in convicting and sentencing Datuk Seri Najib Razak for the misappropriation of SRC International Sdn Bhd funds totalling RM42 million last week was...
Source: YahooSG - 🏆 3. / 71 Read more »

Commentary: How Najib Razak's verdict complicates Malaysia’s game of thronesThe verdict is good news for Prime Minister Muhyiddin Yassin, but his next steps are not so clear-cut, says an observer.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »