Former Malaysian PM Najib Razak Sentenced to 165 Years for 1MDB Scandal

Historic Verdict in Malaysia's Largest Financial Scandal

Former Malaysian Prime Minister Najib Razak received a landmark sentence of 165 years imprisonment for his involvement in the massive 1MDB corruption scandal ¹

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Source 2

https://finance.detik.com/berita-ekonomi-bisnis/d-8283434/mega-skandal-1mdb-yang-bikin-najib-razak-divonis-165-tahun-penjara

. While the total sentence adds up to 165 years, Najib will only serve a maximum of 15 years according to Malaysian law. In addition to the prison term, Najib was fined Rp 47 trillion, highlighting the scale of the financial misconduct.

Background of 1MDB Scandal

1Malaysia Development Berhad (1MDB) was established in 2009 during Najib's tenure as Prime Minister to promote economic development through various investment projects ²

. Between 2009 and 2013, 1MDB raised billions of dollars through bond sales. However, investigations revealed that over US$ 1 billion was diverted into accounts linked to Najib and his associates ³

Source 3

https://internasional.kontan.co.id/news/mantan-pm-malaysia-najib-razak-ajukan-banding-atas-vonis-kasus-1mdb

. The scandal drew international attention and led to investigations by both Malaysian and US authorities.

Legal Proceedings and Appeal

Najib's legal team, led by Muhammad Farhan Shafee, has filed an appeal against the verdict ³

. The defense maintains that Najib is innocent and has consistently denied any wrongdoing. The appeal process is expected to be lengthy and could potentially lead to further legal developments in this complex case.

Asset Seizure and Financial Implications

During the investigation, authorities seized numerous assets from Najib, including thousands of luxury items such as jewelry, handbags, watches, and large amounts of cash in various currencies ¹

. The financial implications of the case extend beyond Najib's personal liability, affecting Malaysia's international reputation and financial stability.