Jailed former Malaysian prime minister Najib Razak is to begin his defense this week against graft charges tied to more than US$500 million in alleged bribes, and argue to serve the rest of his sentence under house arrest.
The former prime minister, already serving a six-year jail term for corruption related to the plunder of sovereign wealth fund 1Malaysia Development Berhad (1MDB), faces several other cases linked to the financial scandal that led to his defeat in 2018 elections.
The 71-year-old today begins his defense at the Malaysian High Court against four counts of abuse of power linked to 2.27 billion ringgit (US$511 million) in alleged bribes and 21 counts of money laundering.
Photo: REUTERS
The case involves Tanore Finance Corp, which US authorities have said was used to siphon money from 1MDB.
Najib issued an apology in October that the 1MDB scandal happened during his tenure, but maintained he had no knowledge of illegal transfers from the now-defunct state fund.
If convicted, Najib faces hefty fines and sentences of up to 20 years for each count of abuse.
Najib’s lead lawyer has said they were “more determined” than ever to fight the case.
The Court of Appeal is to on Thursday hear Najib’s challenge against a lower court’s refusal to hear his request for house arrest.
His application for a judicial review centers on the purported existence of an order by then-Malaysian king Abdullah Sultan Ahmad Shah granting him permission to serve the rest of his sentence at home.
Najib asked the court to compel the government to confirm the royal decree’s existence and to implement its order.
However, the court in July ruled that affidavits supporting Najib’s claim were inadmissible as evidence, because they were hearsay.
If the appeals court rules in Najib’s favor, the case will go back to the lower court.
SILICON VALLEY HUB: The office would showcase Taiwan’s strengths in semiconductors and artificial intelligence, and help Taiwanese start-ups connect with global opportunities Taiwan has established an office in Palo Alto, one of the principal cities of Silicon Valley in California, aimed at helping Taiwanese technology start-ups gain global visibility, the National Development Council said yesterday. The “Startup Island Taiwan Silicon Valley hub” at No. 299 California Avenue is focused on “supporting start-ups and innovators by providing professional consulting, co-working spaces, and community platforms,” the council said in a post on its Web site. The office is the second overseas start-up hub established by the council, after a similar site was set up in Tokyo in September last year. Representatives from Taiwanese start-ups, local businesses and
EXPRESSING GRATITUDE: Without its Taiwanese partners which are ‘working around the clock,’ Nvidia could not meet AI demand, CEO Jensen Huang said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and US-based artificial intelligence (AI) chip designer Nvidia Corp have partnered with each other on silicon photonics development, Nvidia founder and CEO Jensen Huang (黃仁勳) said. Speaking with reporters after he met with TSMC chairman C.C. Wei (魏哲家) in Taipei on Friday, Huang said his company was working with the world’s largest contract chipmaker on silicon photonics, but admitted it was unlikely for the cooperation to yield results any time soon, and both sides would need several years to achieve concrete outcomes. To have a stake in the silicon photonics supply chain, TSMC and
‘DETERRENT’: US national security adviser-designate Mike Waltz said that he wants to speed up deliveries of weapons purchased by Taiwan to deter threats from China US president-elect Donald Trump’s nominee for US secretary of defense, Pete Hegseth, affirmed his commitment to peace in the Taiwan Strait during his confirmation hearing in Washington on Tuesday. Hegseth called China “the most comprehensive and serious challenge to US national security” and said that he would aim to limit Beijing’s expansion in the Indo-Pacific region, Voice of America reported. He would also adhere to long-standing policies to prevent miscalculations, Hegseth added. The US Senate Armed Services Committee hearing was the first for a nominee of Trump’s incoming Cabinet, and questions mostly focused on whether he was fit for the
INDUSTRIAL CLUSTER: In Germany, the sector would be developed around Taiwan Semiconductor Manufacturing Co’s plant, and extend to Poland and the Czech Republic The Executive Yuan’s economic diplomacy task force has approved programs aimed at bolstering the nation’s chip diplomacy with Japan and European nations. The task force in its first meeting had its operational mechanism and organizational structure confirmed, with Premier Cho Jung-tai (卓榮泰) the convener, and Vice Premier Cheng Li-chiun (鄭麗君) and Minister Without Portfolio Ma Yung-cheng (馬永成) the deputy conveners. Minister of Foreign Affairs Lin Chia-lung (林佳龍) would be the convener of the task force’s strategy group in charge of policy planning for economic diplomacy. The meeting was attended by the heads of the National Development Council, the Ministry of Economic Affairs, the