BREAKING: Kuala Lumpur High Court Rules All 25 Charges Against Najib in 1MDB Case Valid After 6-Year Review
The High Court has reached a verdict in the high-profile 1Malaysia Development Berhad (1MDB) corruption case involving former Prime Minister Datuk Seri Najib Tun Razak.
According to BERNAMA, Judge Datuk Collin Lawrence Sequerah, who now serves on the Court of Appeal, ruled that all 25 charges against Najib related to 1MDB are valid and not flawed.
Najib, currently serving a prison sentence for the SRC International case, faces four charges of using his position to secure RM2.3 billion in bribes from 1MDB funds, as well as 21 charges of money laundering involving the same amount.
The four charges, under Section 23(1) of the Malaysian Anti-Corruption Commission Act 2009, carry penalties under Section 24(1) of the same act. Najib is accused of using his position to obtain RM2.3 billion in bribes from 1MDB funds at AmIslamic Bank Berhad’s branch on Jalan Raja Chulan, Bukit Ceylon, between February 14, 2011, and December 19, 2014.
If convicted on these charges, the former Finance Minister could face up to 20 years in prison and a fine of either five times the bribe amount or RM10,000, whichever is higher.
The additional 21 charges fall under Section 4(1)(a) of the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001. Najib allegedly committed these offences at the same bank between March 22, 2013, and August 30, 2013.
If found guilty on these counts, he could face a maximum fine of RM5 million or a prison term of up to five years, or both.
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