Malaysia reduces former Prime Minister Najib Razak’s sentence | News

Malaysia has reduced the sentence of disgraced former prime minister Najib Razak, who was convicted and sentenced to 12 years in prison for corruption in the multi-billion dollar 1MDB scandal.

Najib will be released in August 2028 and the fines imposed on him will be reduced to 50 million ringgit ($10.6 million) from 210 million ringgit ($44.5 million), the pardons board said.

He remains on trial in several cases related to 1Malaysia Development Berhad (1MDB)a state fund he set up when he was prime minister to boost economic development, but which investigators say was instead looted to buy the Equanimity superyacht, high-end properties and finance the film’s production The Wolf of Wall Street with Leonardo DiCaprio.

Investigators said some $4.5 billion was stolen, with hundreds of millions ending up in accounts linked to the former prime minister.

Najib was acquitted of audit falsification in connection with 1MDB, but has shown no contrition for the scandal. He sought to draw attention to Jho bottomthe Malaysian financier accused of orchestrating the project and now on the run.

More soon.

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