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With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?
The High Court will rule on abuse of power and money laundering charges, with Najib facing the prospect of lengthy prison terms if found guilty
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Malaysia’s High Court is poised on Friday to deliver its verdict in the final criminal trial of jailed former prime minister Najib Razak, bringing to a close one of Southeast Asia’s most far-reaching corruption sagas.
The case centres on allegations that the disgraced 72-year-old misappropriated 2.3 billion ringgit (US$490 million) from the scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB). Najib is currently in Kajang Prison, over halfway through a sentence reduced to six years for a conviction in a separate case linked to a former 1MDB subsidiary.
Prosecutors allege the money was siphoned off through a complex network of banks, shell companies and intermediaries while Najib was both prime minister and finance chief.
The High Court in Kuala Lumpur is expected to rule on four counts of abuse of power and 21 charges of money laundering. If Najib is found guilty, he could face lengthy prison terms that could run into decades, depending on whether any sentences are ordered to be served consecutively.
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