Najib found guilty on all 7 charges
Former PM sentenced to total 72 years’ jail, fined RM210 million over SRC International funds
KUALA LUMPUR: The High Court yesterday sentenced former prime minister Datuk Seri Najib Tun Razak to a total of 72 years in jail and fined him RM210 million a er finding him guilty on seven cases of criminal breach of trust ( CBT), money laundering and abuse of position involving RM42 million in SRC International Sdn Bhd funds.
However, Najib will only serve 12 years in jail as High Court Judge Mohd Nazlan Mohd Ghazali ordered all the jail sentences to run concurrently.
The Pekan MP was sentenced to 10 years jail on each of the three cases of CBT and each of the three cases of money laundering and 12 years jail and fined RM210 million, in default five years jail, in the case of abuse of position.
Judge Mohd Nazlan meted out the sentences at 6.30pm, a er taking into consideration the mitigating factors from the defence, prosecution and the accused, as well as the public interest.
“I have also taken into account all the mitigating factors, including the contribution of the accused for the country,” he said.
The court, however, granted Najib’s application for a stay of execution of the sentence and fine, pending appeal to the Court of Appeal, and raised the bail amount by another RM1 million and ordered it to be paid today.
Najib is already on a RM1million bail.
The court also ordered the former prime minister to report to a police station twice a month.
Najib le the courtroom at 7.34pm, along with his lawyers.
Judge Mohd Nazlan delivered the judgment a er finding that the prosecution had succeeded in proving all the seven charges against Najib, 67.
“I therefore find the accused guilty and convict the accused on all seven charges,” the judge said.
On two counts of the CBT charges, Najib, as a public servant and agent, namely Prime Minister and Finance Minister of Malaysia, and Advisor Emeritus of SRC International Sdn Bhd (SRC), allegedly misappropriated RM27 million and RM5 million, respectively, of RM4 billion belonging to SRC at AmIslamic Bank Berhad, Ambank Group Building, No 55, Jalan Raja Chulan, Kuala Lumpur, between Dec 24, 2014, and Dec 29, 2014.
On the third count, Najib allegedly misappropriated RM10 million of RM4 billion belonging to SRC at the same place between Feb 10, 2015, and March 2, 2015.
On the abuse of position charge, Najib, as Prime Minister and Minister of Finance of Malaysia, allegedly used his position to commit bribery involving RM42 million through his participation or involvement in the decision to provide government guarantees for loans from the Retirement Fund Incorporated to SRC International amounting to RM4 billion.
He was charged with committing the offence at the Prime Minister’s Office, Precinct 1, Putrajaya, between Aug 17, 2011, and Feb 8, 2012.
On the money-laundering
I have also taken into account all the mitigating factors, including the contribution of the accused for the country.
Judge Mohd Nazlan Mohd Ghazali
charges, Najib is alleged to have received RM27 million, RM5 million and RM10 million, respectively, of proceeds from unlawful activities, via RealTime Electronic Transfer of Funds and Securities ( Rentas) into two of his AmIslamic Bank Berhad accounts.
The offences were allegedly committed at AmIslamic Bank Berhad, AmBank Group Building, No. 55, Jalan Raja Chulan, Kuala Lumpur, between Dec 26, 2014, and Feb 10, 2015 under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.
A er the judge delivered the verdict, lead defence counsel Tan Sri Muhammad Shafee Abdullah applied to have the mitigation heard on Monday but ad-hoc Deputy Public Prosecutor Datuk V. Sithambaram objected.