Malaysia pardons panel halves jail term of former PM Najib Razak in 1MDB scandal

The Malaysian pardons board on Friday announced its decision to reduce the jail term of former Prime Minister Najib Razak by half. Najib, who was convicted of graft and money laundering in connection to the multibillion-dollar 1MDB scandal, is currently serving a 12-year sentence.

With this decision, he is slated for release in August 2028, while his fines have been lowered from 210 million ringgit ($10.59 million) to 50 million ringgit, Reuters quoted the board’s secretariat as saying in a statement.

The board, chaired by Malaysia’s king, did not give a reason for halving Najib’s sentence in its statement on Friday.

Najib was convicted for graft linked to state fund 1Malaysia Development Berhad (1MDB), from which US and Malaysian investigators estimate $4.5 billion was stolen and more than $1 billion channeled to accounts linked to the former premier.

He applied for a royal pardon in August 2022 shortly after his conviction and his sentence was upheld by Malaysia’s highest court, making him the first premier in the country’s history to be jailed.

Najib has consistently denied wrongdoing, saying he was misled by fugitive financier Jho Low and other 1MDB officials over the source of the funds and that he believed they were donations from the Saudi royal family.

He remains on trial in several other cases linked to corruption at 1MDB.

The pardons board said if Najib failed to pay the fine given, an additional year would be imposed on his jail term.

Malaysia’s king plays a largely ceremonial role but can pardon convicted people among discretionary powers granted by the federal constitution.

The pardons board, which advises the king, includes the attorney-general and government officials.

With inputs from agencies