AGL 37.94 Decreased By ▼ -0.54 (-1.4%)
AIRLINK 193.91 Decreased By ▼ -9.11 (-4.49%)
BOP 9.32 Decreased By ▼ -0.85 (-8.36%)
CNERGY 5.84 Decreased By ▼ -0.70 (-10.7%)
DCL 8.68 Decreased By ▼ -0.90 (-9.39%)
DFML 36.46 Decreased By ▼ -3.56 (-8.9%)
DGKC 92.54 Decreased By ▼ -5.54 (-5.65%)
FCCL 33.97 Decreased By ▼ -0.99 (-2.83%)
FFBL 82.30 Decreased By ▼ -4.13 (-4.78%)
FFL 12.75 Decreased By ▼ -1.15 (-8.27%)
HUBC 120.61 Decreased By ▼ -10.96 (-8.33%)
HUMNL 13.60 Decreased By ▼ -0.42 (-3%)
KEL 5.22 Decreased By ▼ -0.39 (-6.95%)
KOSM 6.52 Decreased By ▼ -0.75 (-10.32%)
MLCF 42.11 Decreased By ▼ -3.48 (-7.63%)
NBP 59.81 Decreased By ▼ -6.57 (-9.9%)
OGDC 211.17 Decreased By ▼ -9.59 (-4.34%)
PAEL 37.58 Decreased By ▼ -0.90 (-2.34%)
PIBTL 8.07 Decreased By ▼ -0.84 (-9.43%)
PPL 190.32 Decreased By ▼ -7.56 (-3.82%)
PRL 38.17 Decreased By ▼ -0.86 (-2.2%)
PTC 23.45 Decreased By ▼ -2.02 (-7.93%)
SEARL 97.94 Decreased By ▼ -5.11 (-4.96%)
TELE 8.22 Decreased By ▼ -0.80 (-8.87%)
TOMCL 35.03 Decreased By ▼ -1.38 (-3.79%)
TPLP 13.55 Decreased By ▼ -0.20 (-1.45%)
TREET 22.73 Decreased By ▼ -2.39 (-9.51%)
TRG 52.87 Decreased By ▼ -5.17 (-8.91%)
UNITY 32.96 Decreased By ▼ -0.71 (-2.11%)
WTL 1.52 Decreased By ▼ -0.19 (-11.11%)
BR100 11,349 Decreased By -541.2 (-4.55%)
BR30 34,972 Decreased By -2384.1 (-6.38%)
KSE100 106,275 Decreased By -4795.3 (-4.32%)
KSE30 33,353 Decreased By -1555.7 (-4.46%)

KUALA LUMPUR: Malaysia’s High Court on Thursday acquitted Rosmah Mansor, the wife of jailed former Prime Minister Najib Razak, of money laundering and tax evasion, citing insufficient grounds to charge her.

Najib and Rosmah have been the subject of multiple graft investigations since Najib’s surprise election defeat in 2018, when voters’ fury over his alleged role in a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB) ended his nine years in power.

Both have repeatedly denied wrongdoing.

Rosmah is not yet out of the woods, however, and is currently free on bail pending an appeal against a 10-year jail sentence in 2022 for soliciting and receiving bribes to help a company win a $279 million solar power supply project from Najib’s government.

Rosmah has been widely scorned in Malaysia for her extravagant lifestyle and penchant for luxury handbags, more than 500 of which were found at properties searched by police as part of investigations into the 1MDB scandal, on top of 12,000 items of jewellery.

According to Thursday’s High Court judgment seen by Reuters, Rosmah was acquitted of the 12 money laundering charges and five tax evasion charges against her, which it said lacked probity, propriety and legality. Rosmah said she was grateful the case had concluded and thanked her lawyers.

“I also want to thank the judge who has made the right decision. This is what I call justice and this is the kind of justice that everybody should have,” she told a livestreamed press conference.

Her acquittal follows the recent dropping of corruption charges against Najib linked to 1MDB due to procedural delays and the failure of the prosecution to disclose key documents.

Najib faces several trials linked to the scandal at 1MDB, from which Malaysian and US authorities say about $4.5 billion was stolen in a complex, globe-spanning scheme between 2009 and 2014.

Malaysia PM Anwar deflects questions on house arrest for Najib

Najib, who helped found 1MDB when he was premier, was found guilty of corruption and money laundering in 2022 in a case linked to the scandal and sentenced to 12 years in prison in 2022, though the term was later halved by a pardon’s board chaired by Malaysia’s king.

Najib has also apologised for his role in mishandling the 1MDB scandal, though he maintained he had no knowledge of any illegal transfers from the state fund.

Najib has been pressing to serve the remainder of his sentence under house arrest.

Comments

200 characters