Former premier, Najib Razak found guilty of abuse of power

Former premier, Najib Razak has been found guilty of abuse of power in regards to the RM42 million belonging to SRC International Sdn Bhd.

Justice Mohd Nazlan has ruled that the accused, Najib Razak acted outside the limits of permissible conduct. This is in regards with the approval of KWAP loans to SRC.

“This resulted in the RM2 billion payment being made. The rationale behind the single release of the RM2 billion was decided by the PMO (Prime Minister’s Office) without the veracity of the information from SRC,” the judge says.

According to the Edge Markets, the judge also further ruled that SRC had not qualified for the loan.

The former Prime Minister was charged in July 2018 with the abuse of power with regards to approving RM 4 billion worth loans from KWAP to SRC between Aug 17, 2011 and Feb 8, 2012.

The court’s decision to convict the former premier will also result in his disqualification as a candidate in the upcoming General Election.

He also faces three criminal breach of trust involving deposit of RM42 million worth SRC funds into two AmIslamic Bank accounts, which he owned.

The judge is still reading out the summary at the time the news article was written, updates will follow suit.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Petronas Dagangan Berhad becomes first LNG solution provider for off-grid customers in Peninsular Malaysia

Following the launch of the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor, Petronas Dagangan Berhad (PDB)...

Huawei Malaysia signs MoU with Serba Dinamik to establish Smart Campuses in Malaysia

Huawei Technologies (Malaysia) Sdn. Bhd. (Huawei) and Serba Dinamik Group Berhad (Serba Dinamik) have teamed up to explore and develop innovative digital...

Shopee finds demand for premium and branded segment multiplied by over 300 times since 2015

E-commerce platform, Shopee has seen growing confidence and comfort in purchasing premium and branded items priced RM3,000 and above in addition to...

Social Enterprise Education Lab showcases journey of teams in 1st cohort

Social Enterprise Education Lab (SEEd.Lab), a programme developed by Petroliam Nasional Berhad (PETRONAS) and Tata Consultancy Services (TCS), marked its first Open...

HSBC Malaysia bags 2 accolades in Malaysia Technology Excellence Awards 2020

The Malaysia Technology Excellence Awards laud exceptional companies who are leading the technological revolution and digital journeys of their respective industries to...

Must read

Affordable rent-to-own scheme for the youth of B40

By Sofea Azahar, In addressing the issue of housing affordability and ownership within the youth in low-income group...

The pandemic push to pivot: The reality of a renewable energy leader

By Ko Chuan Zhen, Chief Executive Officer & Co Founder of Plus Solar, The pandemic was an acid test...

Empowering Malaysians to become informed investors one app at a time

With a goal to build 500 applications that focuses on enabling action, Reactive Labs, co-founded by George and Riza, aims to go...

Bigo Live: A growing sensation in an industry with a big appetite

The live-streaming industry has seen a massive growth in years. From the likes of Vimeo to Facebook Live, the industry has grown...