*** Malaysian king grants house arrest for jailed former PM Najib | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Malaysian king grants house arrest for jailed former PM Najib

AFP | Kuala Lumpur

 

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Former Malaysian leader Najib Razak, jailed for his role in the country's 1MDB corruption scandal, has been granted house arrest subject to paying a $12 million fine, officials said yesterday.

Najib, 73, was jailed for his role in one of the largest-ever global plunders of a sovereign wealth fund, the now defunct 1Malaysia Development Berhad (1MDB).

Malaysian King Sultan Ibrahim "has granted a conditional pardon... allowing him (Najib) to serve the remainder of his sentence under house arrest until 23 August 2028," lawyers from Prime Minister Anwar Ibrahim's office said.

The conditional pardon was "subject to the payment of a fine of 50 million Malaysian Ringgit ($12.3 million), the legal affairs division officials said in a statement.

Najib "must comply with all set conditions. If he fails to comply with any of these terms, the conditional pardon will be automatically revoked, and he must immediately serve the remainder of his sentence in prison," the statement said.