Najib Settles Additional US$235,491 Bail

KUALA LUMPUR, July 29 (Bernama) -- Former Malaysian Prime Minister Najib Razak, who has been convicted of seven charges relating to the misappropriation of US$9.88 million (RM42 million) in SRC International funds, has paid the US$235,491 (RM1 million) bail ordered by the High Court on Tuesday. Najib, 67, who was in a blue shirt, arrived at the court at about 1 pm with his son, Norashman, who is understood to be his bailor. After that, Najib was seen leaving the High Court criminal registry and left the court premises at 1.30 pm. While passing by the media members and photographers, Najib jokingly said that the photographers had already shot many photos of him yesterday (July 28). On Tuesday, in allowing Najib’s application for a stay of execution of the sentence and fine, pending appeal to the Court of Appeal, the court raised his bail amount by another RM1 million and ordered it to be paid today. Najib is already on an 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 position 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 jail 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 and 12 years jail and fined RM210 million, in default five years jail, for abuse of position. -- BERNAMA