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Home Financial Services

Malaysia court upholds former PM Najib’s guilty verdict in 1MDB-linked case By Reuters

by Real Investing Skills
December 8, 2021
in Financial Services
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© Reuters.

KUALA LUMPUR (Reuters) – A Malaysian appeals courtroom on Wednesday upheld former premier Najib Razak’s responsible verdict in a case linked to a corruption scandal at state fund 1Malaysia Growth Bhd (1MDB).

Najib was sentenced to 12 years in jail and fined $50 million final yr by a excessive courtroom after being discovered responsible of legal breach of belief, abuse of energy and cash laundering for illegally receiving about $10 million from SRC Worldwide, a former unit of now-defunct 1MDB.

He had pleaded not responsible and constantly denied any wrongdoing.

Choose Abdul Karim Abdul Jalil mentioned he agreed with the excessive courtroom choose on the conviction and sentencing over all seven costs in opposition to Najib.

“We dismiss the attraction on all seven costs and affirm the conviction on all seven costs,” the choose mentioned.

Najib has been free on bail pending the attraction.

His lawyer Shafee Abdullah informed the courtroom the previous premier would attraction the decision on the Federal Courtroom, Malaysia’s prime tribunal.

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Tags: 1MDBlinkedCaseCourtguiltyMalaysiaNajibsReutersupholdsverdict
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