Malaysia cuts prison sentence of disgraced former Prime Minister Najib Razak
Malaysia has cut former Prime Minister Najib Razak’s 12-year prison sentence for corruption in half, according to authorities in the Southeast Asian country. Najib, who served as prime minister from 2009 to 2018, was found guilty of money laundering, abuse of power and other charges in 2020 related to the 1MDB scandal, which saw billions of dollars of taxpayers’ money embezzled out of Malaysia. In a statement Friday, the country’s Federal Territories Pardon Board said the former leader’s application to shorten his prison sentence to six years had been approved.
Najib’s fine has also been reduced to 50 million ringgit ($10.6 million), but his sentence will be extended by a year if he does not pay it in full before his new scheduled release date of August 23, 2028, the board added. Najib has consistently denied wrongdoing, but Malaysia’s High Court rejected multiple appeals against his convictions on charges related to the onetime sovereign wealth fund, which prosecutors alleged he and his allies used as a personal piggybank to support luxurious lifestyles and fund electioneering. The 1MDB fund was created soon after Najib took office in 2009. The government pumped billions in public money into it, with the stated purpose of leading “market-driven initiatives to assist the government in propelling Malaysia towards becoming a developed nation that is highly competitive, sustainable and inclusive.” Instead, according to United States prosecutors, 1MDB was used as a slush fund by Najib and other high-ranking officials at the fund. Goldman Sachs, which underwrote much of the 1MDB fund and was facing a host of criminal and regulatory proceedings in Malaysia, agreed to a $3.9 billion settlement with the country’s government in 2020.
Reganelite YouTube Channel: https://www.youtube.com/@REGANELITE?sub_confirmation=1
Join Patreon for Exclusive Content
https://www.patreon.com/Reganelite
All my social media links here:
https://linktr.ee/reganelite
https://discord.gg/xCjFtYdSJp
https://www.instagram.com/reganelite_shorts/
https://www.tiktok.com/@reganelite
https://www.buymeacoffee.com/Reganelite
-
56:59
The Osbournes
11 hours agoSharon's Demon Attack! ALL The Osbourne's Ghost Encoutners
1.46K2 -
13:37
Plan Bri Uncut
1 day agoThe Woman Behind The Viral HAWK TUAH Meme Speaks Out For The First Time
80.6K125 -
1:10:28
Michael Franzese
1 hour agoHow the LEFT has become BRAINWASHED | Sitdown With Vincent Oshana
2899 -
LIVE
HotepTV
2 hours agoThe President is now a king - The Grift Report
822 watching -
1:46:40
The Quartering
4 hours agoBiden Has Desperate Orange Meltdown, Trump Gains In Polls & Woke Disney Gets Desperate
24.5K19 -
16:13
Scammer Payback
6 days agoLet's Show a 𝗦𝗖𝗔𝗠𝗠𝗘𝗥 His Pictures
3.68K17 -
56:44
Ben Shapiro
4 hours agoEp. 1996 - Wait, Can Donald Trump DRONE His Political Enemies Now?!
53.1K71 -
1:09:31
Russell Brand
5 hours agoTHEY’RE POISONING US | Big Pharma’s Shocking TRUTH - Stay Free 398
124K221 -
1:34:23
TheAlecLaceShow
3 hours agoOrange Biden Slams SCOTUS Ruling | Debate Night Fallout | Who Replaces Biden? | The Alec Lace Show
18.2K17 -
2:59:14
The Charlie Kirk Show
3 hours agoDems in Disarray + The Immunity Question + Why Biden Can't Leave | Paoletta, Starbuck, Bedford, Webb
80K41