Koon Yew Yin's Blog

Malaysia’s Najib Razak begins 12-year jail - Koon Yew Yin

Koon Yew Yin
Publish date: Fri, 02 Sep 2022, 10:00 AM
Koon Yew Yin
0 1,415
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin
Following Message

The Federal Court has ordered the ex-premier to serve his sentence over several counts of corruption involving SRC International. The charges are related to Najib's role in some US$4.5 billion being looted from state investment fund 1MDB and siphoned through his personal accounts. Najib is also fined Rm 210 million.

Malaysia's Najib Razak on Tuesday earned the dubious distinction of being the nation's first former prime minister to be jailed, after the Federal Court dismissed his final appeal against his corruption conviction linked to a former unit of scandal-tainted state fund 1Malaysia Development Berhad (1MDB).

The ruling is a landmark moment in the years-long effort by anti-corruption activists to bring to justice those responsible for the plunder of 1MDB, which was founded and controlled by Najib during his tenure as prime minister from 2009 to 2018.

Chief Justice Tengku Maimun Tuan Mat said Najib's lawyers had failed to prove that the findings of the lower courts were incorrect, nor were they "perverse or plainly wrong so as to warrant appellate intervention".

"These appeals are therefore unanimously dismissed and the conviction and sentence are affirmed," Tengku Maimun said when reading out the judgment on behalf of a five-judge panel.

More articles on Koon Yew Yin's Blog
Sendai is still up trend - Koon Yew Yin

Created by Koon Yew Yin | Apr 30, 2024

As shown on the chart below, Sendai has been dropping in the last few days. Today all shareholders must be wondering to sell, hold on or to buy some at a cheaper price.

Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:

Sendai price trend reversal - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Sendai price chart below is showing its price trend reversal. It is hitting a record high.

How can KSL double its profit? - Koon Yew Yin

Created by Koon Yew Yin | Apr 18, 2024

After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.

Why Sabah will leave Malaysia - Koon Yew Yin

Created by Koon Yew Yin | Mar 29, 2024

Currently Sabah Government does not know that solar panel produces the cheapest electricity???

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Created by Koon Yew Yin | Mar 23, 2024

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

All property developers have just announced their annual profit for 2023. All of them reported increased profit.

My contribution as an Engineer - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.

What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

All Investors require Anticipation - Koon Yew Yin

Created by Koon Yew Yin | Feb 29, 2024

After the stock market closed, KSL announced its 4th quarter ending Dec 2023 EPS of 12.74 sen. The total is 40.76 sen for 4 quarters. Its total EPS for 4 quarter ending 2020 was only 17.8 sen.

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment