Shafee: Najib's frozen assets complicate RM50m payment for house arrest
Ex-PM's legal team is studying how to best fulfil the pardon's conditions.
Former Malaysian Prime Minister Najib Razak has expressed his gratitude to the King, Sultan Ibrahim, for granting him a conditional pardon that will allow him to serve his remaining prison sentence under house arrest. The pardon pertains to his conviction in the SRC International case. In a statement through his lawyers, Shafee & Co, Najib thanked both the King and the Federal Territories Pardons Board for their decision.
He highlighted that the King had exercised the royal prerogative of mercy in his favor, granting him a conditional pardon under which he would serve the remainder of his sentence under house arrest. The pardon is expected to keep him incarcerated at Kajang Prison until August 23, 2028, provided he fulfills the conditions, including paying RM50 million and meeting other requirements.
His lawyers mentioned that a significant portion of his assets, bank accounts, and properties are under freezing orders and enforcement proceedings. Najib is currently evaluating his options for meeting the conditions of his pardon. Previously, he received a royal pardon in January 2024, reducing his original 12-year sentence to six years and his RM210 million fine to RM50 million.
The Federal Territories Pardons Board, which includes the King as chairman, reduced his sentence and fine before granting him the conditional pardon.
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