In several other trials in Najib, experts said the decision will help the prosecution’s case. In 5 different courts, he faces 42 allegations, and might spend years behind bars.
“I find the accused guilty and convict the accused of all seven charges,” Judge Mohamad Nazlan Ghazali stated.
The present jury consisted of an indictment of power abuse, three allegations of criminal confidence breaches and three convictions for money laundering.
The judge stated “ Najib had refused to cash fair doubt, and that prosecutors were adamant about the misappropriation of Najib ‘s money for their own sake.
On Tuesday, former Prime Minister of Malaysia, Najib Razak, entered court for a verdict in the first of many corruption trials in connection with the multi-billion dollar plundering of the state 1 MDB investment fund.
“From day one, I have said this is the chance for me to clear my name,” he wrote. “Whatever the decision in the High Court tomorrow, it does not end here, after this, we will go to the Court of Appeal. I am ready.”
This decision would also check new Premier Muhyiddin Yassin. He was named deputy to Najib in 2016 as he was responding to the 1MDB controversy, but he now has the backing of Najib’s group.
The Najib party is the greatest bloc in the present Malay Nationalist alliance established by Muhyiddin ‘s party in March, after the former reformist government was overthrown.
STORY BEHIND 1MDB SCANDAL
In 2009, Najib formed 1MDB to effectively boost economic development in Malaysia shortly after becoming Prime Minister.
Nevertheless, the fund has accrued billions in debt and U.S. prosecutors say that $4,5 billion or more has been looted from it and laundered by Najib ‘s associates to finance Hollywood films and to purchase casinos, luxurious cars, artwork, jewels, and more. The fund officially landed in Najib’s bank accounts more than $700 million.
In April 2019, Najib’s first trial started on seven allegations related to the transfer from SRC International, a former 1MDB subsidiary, of 42 million ringgit ($9.8 million). Najib is suspected of having exploited his power to obtain a bribe for the acceptance of billions in government loans to the SRC, performing fraudulent confidence breaches and bringing revenue out of unlawful operation.
Proof demonstrates that the financial services paying for Najib’s upgrades are a complicated track, credit card transactions, including chanel watch bought for his wife in Hawaii, and donations to political parties. A ton of money was revealed.
The advocates of Najib claimed that Low used the gift as a means to stop Najib unaware of his pillage of the 1MDB project.
Prosecutors claimed that Najib is behind 1MDB and SRC the true force, calling the Arab Donation “evidence invented” to hide its tracks.
