More updates on Former premier Najib Abdul Razak found guilty of all seven charges - SRC trial
It took two and a half hours for Justice Nazlan to read his decision.
Justice Nazlan sentenced Najib to 12 years’ jail and RM210mil fine for one court of power abuse.
For three counts of criminal breach of trust, Najib was sentenced to 10 years’ jail for each of the charges.
For three counts of money laundering, another 10 years’ jail each.
The court ordered for the jail time to run concurrently.
Shafee applied for a stay of execution on both jail time and fine, which was allowed by the court.
Najib’s bail, originally set at RM1mil, was increased by another RM1mil in two sureties to be paid today.
Najib was also ordered to report to the nearest police station twice a month.
Pakatan Harapan leaders described former prime minister Datuk Seri Najib Razak’s conviction in his SRC International trial today as justice for the country and vindication for themselves.
Among them were former energy, science, technology, environment and climate change minister Yeo Bee Yin who said the decision demonstrated the power Malaysians possessed via the ballot box.
“To all who went all out, worked and voted for change in 2018, it is not in vain, remember, it is not in vain,” she said on Facebook.
PKR vice president Rafizi Ramli also broke his recent silence on politics to comment that today’s unprecedented conviction of a former prime minister in Malaysia was momentous for the country.
Rafizi had been among those who led the criticism of the Najib administratio over the 1MDB scandal.
“I very rarely commented on anything political nowadays. But I did spend many years on the front-line dealing with 1MDB and SRC scandals as an MP.
“I never expected much from those years, but I did feel that all the heartbreaks were well worth it today.
“Well done Malaysia” he said.
Najib was today sentenced to 12 years' jail and fined RM210 million after he was found guilty of all seven charges related to the 1Malaysia Development Bhd (1MDB) subsidiary's funds.
"The prosecution's case has been proven beyond reasonable doubt, and all witnesses who testified have been found credible.
"We are pleased that justice has been served in this case and that the judge has accepted the truth of the prosecution's case. The outcome is actually a victory for justice," he said at a press conference after judge Mohd Nazlan Mohd Ghazali passed sentence on the former prime minister.
He added that he had estimated that the case would be finally disposed of in a year.
KUALA LUMPUR: Datuk Seri Najib Razak's lack of action to recover funds linked to SRC International which were frozen by the Swiss authorities in 2015 was deemed as something very puzzling by the High Court Judge who convicted him of power abuse charges yesterday.
Justice Mohd Nazlan Mohd Ghazali said this in his judgment in the SRC International case which saw the former prime minister convicted of all seven charges of power abuse, criminal breach of trust and money laundering before jailing 12 years and fining him RM210 million.
In his judgment, Nazlan said Najib's action was much more consistent with the conduct of one who did not want the problem to be resolved given his own complicity in the unlawful transfer of the funds in the first place.
The judge found evidence of this in the shareholder minutes of the Ministry of Finance Incorporated (MOF Inc).
He said it was clear by the end of 2015 that SRC was facing financial difficulties.