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Najib said he was still "in deep shock" and deeply regretted the 1MDB scandal but maintained his innocence, citing a news report alleging that fugitive businessman Jho Low and two executives at ...
KUALA LUMPUR (Reuters) -Former Malaysian premier Najib Razak, who was convicted of graft over the multibillion-dollar 1MDB scandal, could be released by 2028 after his jail sentence was halved by ...
It ties him directly to the scandal and involved 50 witnesses testifying over more than 230 days of hearing. On Oct. 24, Najib issued a rare apology for the scandal “under his watch” but reiterated his innocence. Najib faces up to 20 years in prison for each count of abuse of power and up to five years for each of the money laundering charges.
Najib, who was convicted of graft over the multibillion-dollar 1MDB scandal, had his 12-year jail sentence halved in February by a pardons board chaired by Malaysia's then king, Al-Sultan Abdullah ...
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
Najib set up the 1MDB development fund shortly after he took office in 2009. Investigators allege at least $4.5 billion was stolen from the fund and laundered by Najib’s associates through ...
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [13]
The government set up a special task force headed by former Attorney General Tan Sri Abdul Gani Patail to renew investigations into the 1MDB scandal. [160] The government barred Najib Razak from leaving the country, and the police seized cash and valuable items amounting to between RM 900 million and RM 1.1 billion ($220 million and $269 ...