KUALA LUMPUR: Former Malaysian prime minister Najib Razak has been sentenced to 12 years in jail and fined 210 million ringgit by a high court on Tuesday.
The court has found him guilty in seven charges for abuse of power linked to a multi-billion dollar embezzlement at state fund 1Malaysia Development Berhad (1MDB).
1MDB is an insolvent strategic development company, owned by Malaysia’s Ministry of Finance. Since 2015, the company has been under scrutiny for its suspicious money transactions and evidence pointing to money laundering, fraud, and theft.
The charges against the ex-PM include three counts of money laundering, three counts of criminal breach of trust and one count of abuse of power. He also faces dozens of other charges in four other trials in 1MDB financial scandal.
Reuters has quoted High court judge Mohamad Nazlan Mohamad Ghazali as ordering that the jail terms should run concurrently.
Najib’s counsel said he was going to file an appeal against the court verdict. He said he would also seek a pre-arrest bail for his client to keep him out of jail during the appeal process.