Archive for September 14th, 2018
Will Najib have the spend the rest of his life in jail if former El Salvadoran President Elias Antonia Saca gets 10-year prison term for RM1.2 billion graft as Najib’s 1MDB corruption scandal runs into tens fo billions of ringgit
Posted by Kit in Financial Scandals, Najib Razak on Friday, 14 September 2018
Will the sixth Malaysian Prime Minister, Datuk Seri Najib Razak, have to spend the rest of his life in jail if former El Salvadoran President Elias Antonia Saca gets 10-year prison term for RM1.2 billion graft as Najib’s 1MDB corruption scandal runs into tens fo billions of ringgit!
It was reported today that a court in El Salvador had sentenced former president Saca to ten years in prison for diverting US$301 million (RM1.2 billion) from state coffers during his term and being guilty of the crimes of embezzlement, money, and asset laundering.
Saca’s former private secretary Elmer Charlaix was also sentenced to 10 years in prison for the same crimes, while the Communications Secretary Julio Rank, and the president of the state water company, Cesar Funes, were sentenced to five years in prison.
Saca was tried along with six of his collaborators in the public funds theft case.
In a plea-bargaining deal, the former El Salvador president agreed to having committed crimes of embezzlement, money, and asset laundering, in exchange for the 10-year term. He faced a maximum sentence of 25 years in prison. Read the rest of this entry »