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Wednesday, July 29, 2020

Najib settles additional RM1m bail


Former prime minister Najib Abdul Razak, who was convicted of seven charges relating to the misappropriation of RM42 million in SRC International funds, has paid the RM1 million bail ordered by the High Court yesterday.
Najib (above), 67, who was in a blue shirt, arrived at the court at about 1pm with his son Norashman who is understood to be his bailor.
After that, the Pekan MP was seen leaving the High Court criminal registry and left the court premises at 1.30pm.
While passing by the media, Najib jokingly said that the photographers had already shot many photos of him yesterday.
Yesterday, in allowing Najib’s application for a stay of execution of the sentence and fine pending an appeal, the court raised his bail amount by another RM1 million and ordered it to be paid today.
Najib is already on a RM1-million bail.
The court also ordered the former prime minister to report to the nearest police station twice a month.
He was sentenced to a total of 72 years in jail and fined RM210 million after the court found him guilty on seven charges of criminal breach of trust (CBT), money laundering and abuse of power involving RM42 million in SRC International Sdn Bhd funds.
However, Najib will only serve 12 years in jail as High Court Judge Mohd Nazlan Mohd Ghazali ordered all the prison sentences to run concurrently.
He was sentenced to 10 years jail on each of the three charges for CBT and each of the three charges for money laundering.
For abuse of power, he received 12 years jail and fined RM210 million, in default five years jail.

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