{"id":35717,"date":"2020-07-28T14:48:00","date_gmt":"2020-07-28T11:48:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/malaysias-ex-pm-najib-razak-convicted-in-1mdb-case\/"},"modified":"2020-07-28T14:48:00","modified_gmt":"2020-07-28T11:48:00","slug":"malaysias-ex-pm-najib-razak-convicted-in-1mdb-case","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/malaysias-ex-pm-najib-razak-convicted-in-1mdb-case\/","title":{"rendered":"#Malaysia\u2019s ex-PM Najib Razak convicted in 1MDB case"},"content":{"rendered":"

“#Malaysia\u2019s ex-PM Najib Razak convicted in 1MDB case<\/strong>”<\/p>\n

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July 28, 2020 |<\/span> 7:48am <\/p>\n

\n Former Malaysian prime minister Najib Razak was convicted of corruption charges and sentenced to jail Tuesday in the first criminal trial linked to the massive 1MDB financial scandal.<\/p>\n

A judge in Kuala Lumpur found Najib guilty of seven charges he faced for allegedly receiving about $10 million from a former unit of 1Malaysia Development Berhad, the state-backed development fund at the heart of the embezzlement scheme.<\/p>\n

High Court Judge Mohd Nazlan Mohd Ghazali sentenced Najib, 67, to 12 years behind bars and fined him about $49 million for the charges of money laundering, abuse of position and criminal breach of trust, according to Bernama, Malaysia\u2019s government news<\/a> agency.<\/p>\n

The case that concluded Tuesday involved a tiny fraction of the more than $1 billion that prosecutors say flowed from 1MDB to Najib\u2019s personal bank accounts. The former leader \u2014 who was defeated in 2018 after nearly a decade in office \u2014 faces more than 40 criminal charges over the allegedly misapp<\/a>ropriated money.<\/p>\n

Malaysian and American authorities say some $4.5 billion was looted from 1MDB in a scheme helmed by playboy financier Jho Low, who is still on the lam. Some of the money was allegedly used to finance the Oscar-nominated movie \u201cThe Wolf of Wall Street\u201d and to make lavish purchases \u2014 including a $27 million pink diamond necklace for Najib\u2019s wife.<\/p>\n

Najib\u2019s lawyers argued that Low and others duped the former prime minister into thinking the money that landed in his accounts came from the Saudi royal family rather than SRC International, the former 1MDB unit \u2014 a claim the judge called \u201cfar fetched.\u201d Low has denied wrongdoing.<\/p>\n

Tuesday\u2019s verdict came four days after Goldman Sachs announced a $3.9 billion settlement with Malaysian authorities over its alleged role in the 1MDB scandal. The New York-based investment bank oversaw bond sales that raised about $6.5 billion for 1MDB \u2014 some of which was allegedly stolen \u2014 and netted Goldman about $600 million in fees.<\/p>\n

With Post wires<\/em>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Malaysia\u2019s ex-PM Najib Razak convicted in 1MDB case” July 28, 2020 | 7:48am Former Malaysian prime minister Najib Razak was convicted of corruption charges and sentenced to jail Tuesday in the first criminal trial linked to the massive 1MDB financial scandal. A judge in Kuala Lumpur found Najib guilty of seven charges he faced for…<\/p>\n","protected":false},"author":1,"featured_media":35718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[45130],"class_list":["post-35717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-malaysias-ex-pm-najib-razak-convicted-in-1mdb-case"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/35717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=35717"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/35717\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/35718"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=35717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=35717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=35717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}