SCMP Economy1 hour agoPolitics1 min readChina

Lawyer dismisses rumours of Malaysia’s Najib settling US$12.3 million fine

A return to house arrest for Najib could give his party Umno greater political leverage ahead of the next general election, analysts say

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Lawyers for jailed former Malaysian PM Najib Razak dismissed rumors of an imminent transfer to house arrest as his party struggles to pay his 50 million ringgit fine.

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Why It Matters

Najib has been jailed since 2022 over the misappropriation of funds from SRC International, a former subsidiary of 1MDB.

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Lawyers for Malaysia’s jailed former prime minister Najib Razak on Wednesday dismissed speculation about his imminent transfer to house arrest, as his former ruling party struggles to raise the 50 million ringgit (US$12.3 million) fine needed to bring him home.

The rumours came as Najib’s United Malays National Organisation (Umno) seeks to build on recent electoral victories, with analysts saying his return to house arrest could give the party a boost among supporters ahead of the next general election

Najib, jailed since 2022 over the misappropriation of funds from SRC International, a former subsidiary of scandal-ravaged state fund 1Malaysia Development Berhad (1MDB), was granted a reprieve in September when King Sultan Ibrahim Iskandar allowed him to serve the remainder of his sentence under house arrest – on the condition that he first settle his multimillion-dollar fine.

Open Questions

Will Umno manage to raise the 50 million ringgit fine?

Lawyer dismisses rumours of Malaysia’s Najib settling US$12.3 million fine

A return to house arrest for Najib could give his party Umno greater political leverage ahead of the next general election, analysts say

Quick Look

Lawyers for jailed former Malaysian PM Najib Razak dismissed rumors of an imminent transfer to house arrest as his party struggles to pay his 50 million ringgit fine.

AI-generated summary

Why It Matters

Najib has been jailed since 2022 over the misappropriation of funds from SRC International, a former subsidiary of 1MDB.

Font size

Open Questions

Will Umno manage to raise the 50 million ringgit fine?

Lawyer dismisses rumours of Malaysia’s Najib settling US$12.3 million fine

Quick Look

Why It Matters

Open Questions

Related Topics

Lawyer dismisses rumours of Malaysia’s Najib settling US$12.3 million fine

Quick Look

Why It Matters

Open Questions

Related Topics

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