Malaysia's jailed ex-PM Najib apologises for mishandling of 1MDB scandal
'It pains me every day,' Najib says
Ex-PM maintains he thought funds were political donations
Najib says he hopes his innocence will be proven
Over $4.5 bln looted from 1MDB, investigators say
By Rozanna Latiff and Mandy Leong
KUALA LUMPUR, Oct 24 (Reuters) -Jailed former Malaysia Prime Minister Najib Razak on Wednesday issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but maintained he had no knowledge of illegal transfers from the now-defunct state fund.
1Malaysia Development Berhad (1MDB), a sovereign wealth fund co-founded by Najib in 2009 while he was premier, has faced corruption probes in at least six countries over the alleged misappropriation of over $4.5 billion by high-level officials of the fund and their associates.
Malaysia's top court in 2022 upheld a guilty verdict against Najib for corruption and money laundering for illegally receiving about $10 million from former 1MDB unit SRC International, sentencing him to 12 years in prison. The sentence was later halved by a pardons board chaired by Malaysia's former king.
Najib, 71, has consistently denied wrongdoing and on Wednesday expressed remorse about the 1MDB scandal in a letter read at a press conference by his son, Mohamad Nizar Mohd Najib.
"It pains me every day to know that the 1MDB debacle happened under my watch as minister of finance and prime minister," the former premier said, according to the letter.
"For that, I would like to apologise unreservedly to the Malaysian people."
Najib said while he initiated investigations into 1MDB, he should have acted differently when questions about its dealings first arose, adding his concerns at the time were its finances and the diplomatic risks the scandal posed.
Malaysian anti-graft investigators have previously said their probes into 1MDB during Najib's tenure had been blocked, with witnesses disappearing and death threats made against them.
'DEEP SHOCK'
Najib's statement comes just days after Malaysia, in its budget plans for 2025, said it would propose a new law that would allow house arrest as an alternative punishment for certain offences.
Najib has been pushing to serve the remainder of his sentence at home and is seeking to compel the government to confirm the existence of a royal order that he says came with the pardon and recommended house arrest for him.
Najib said he was still "in deep shock" and deeply regretted the 1MDB scandal but maintained his innocence, citing a news report alleging that fugitive businessman Jho Low and two executives at Saudi oil firm Petrosaudi colluded to siphon SRC funds without the ex-premier's knowledge in 2009 and 2010.
Low faces charges in the United States and Malaysia for his alleged central role in the scandal, while the two Petrosaudi executives were convicted by a Swiss court in August for embezzling 1MDB funds. The three men had denied wrongdoing.
"Being held legally responsible for things that I did not initiate or knowingly enable is unfair to me and I hope and pray that the judicial process will, in the end, prove my innocence," Najib said.
He reiterated his belief that the funds he received at the time were political donations from Saudi Arabia. He did not address later allegations of money transfers from 1MDB.
Authorities have said Najib received more than $1 billion traceable to 1MDB, including a $681 million transfer in 2013. He has denied that.
Najib faces several other graft trials. A Malaysian court is set to determine on Oct. 30 whether to acquit him or ask him to enter his defence on money laundering and corruption charges in a 1MDB-related case.
Reporting by Rozanna Latiff and Mandy Leong; Editing by Martin Petty
آخر الأخبار
إخلاء المسؤولية: تتيح كيانات XM Group خدمة تنفيذية فقط والدخول إلى منصة تداولنا عبر الإنترنت، مما يسمح للشخص بمشاهدة و/أو استخدام المحتوى المتاح على موقع الويب أو عن طريقه، وهذا المحتوى لا يراد به التغيير أو التوسع عن ذلك. يخضع هذا الدخول والاستخدام دائماً لما يلي: (1) الشروط والأحكام؛ (2) تحذيرات المخاطر؛ (3) إخلاء المسؤولية الكامل. لذلك يُقدم هذا المحتوى على أنه ليس أكثر من معلومات عامة. تحديداً، يرجى الانتباه إلى أن المحتوى المتاح على منصة تداولنا عبر الإنترنت ليس طلباً أو عرضاً لدخول أي معاملات في الأسواق المالية. التداول في أي سوق مالي به مخاطرة عالية برأس مالك.
جميع المواد المنشورة على منصة تداولنا مخصصة للأغراض التعليمية/المعلوماتية فقط ولا تحتوي - ولا ينبغي اعتبار أنها تحتوي - على نصائح أو توصيات مالية أو ضريبية أو تجارية، أو سجلاً لأسعار تداولنا، أو عرضاً أو طلباً لأي معاملة في أي صكوك مالية أو عروض ترويجية مالية لا داعي لها.
أي محتوى تابع للغير بالإضافة إلى المحتوى الذي أعدته XM، مثل الآراء، والأخبار، والأبحاث، والتحليلات والأسعار وغيرها من المعلومات أو روابط مواقع تابعة للغير وواردة في هذا الموقع تُقدم لك "كما هي"، كتعليق عام على السوق ولا تعتبر نصيحة استثمارية. يجب ألا يُفسر أي محتوى على أنه بحث استثماري، وأن تلاحظ وتقبل أن المحتوى غير مُعدٍ وفقاً للمتطلبات القانونية المصممة لتعزيز استقلالية البحث الاستثماري، وبالتالي، فهو بمثابة تواصل تسويقي بموجب القوانين واللوائح ذات الصلة. فضلاً تأكد من أنك قد قرأت وفهمت الإخطار بالبحوث الاستثمارية غير المستقلة والتحذير من مخاطر المعلومات السابقة، والذي يمكنك الاطلاع عليه هنا.
