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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MALAYSIA: Court Rejects Ex-PM Najib Stay Of Sentence, Heading To Prison
Former Malaysian Prime Minister Najib Razak is set to be his country's first leader ever sent to prison following a decision from Malaysia's top court to turn down a stay of sentence.
- Najib was convicted 2020 of abuse of power, criminal breach of trust, and money laundering in relation to the corruption investigation into the 1Malaysia Development Berhad (1MDB) fund. The judge gave the PM 12 years in prison and fined him MYR210mn (USD46.8mn) for an abuse of power charge, 10 years for each of the criminal breach of trust charges and 10 years for each of the money laundering charges. These sentences will be served concurrently, meaning Najib faces 12 years behind bars.
- Najib served as prime minister from 2009 to 2018, a period in which an estimated USD4.5bn was stolen from the country's sovereign wealth fund. The trial has been viewed as a key test of Malaysia's judicial institutions and has been a dominant factor in political discourse in the country for some time.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.