Najib says court’s label of him as ‘national embarrassment’ is unfair, cites record in creating wealth for Malaysia

KUALA LUMPUR — Labelled a “national embarrassment” by a court for his conduct in a case related to 1MDB, former Malaysian prime minister Najib Razak claimed the description was unfair and better suited to episodes such as the country's foreign exchange scandal in the 1990s.

“As an example, the total assets of the country under my watch grew from RM800 million to RM2 trillion; therefore, I created a lot of wealth for the country and that is just one example," he told r“So, when we talk about national embarrassments, there are other incidents, other issues, scandalous issues, for example, the scandal surrounding the forex issue, which led to the loss of about RM31 billion.

However, Najib did not expressly reject the label, only saying that he was disappointed that the judges saw fit to include such language in their judgment. The RCI convened for 10 days in August 2018 following consent by the King a month before, with the probe aimed at investigating the losses incurred by the central bank Bank Negara Malaysia in the forex market from 1992 to 1994.

On Wednesday morning, Najib lost his appeal against his conviction and sentence involving the misappropriation of RM42 million belonging to SRC International,Later, Najib was granted a stay of execution by the Court of Appeal for his sentence of 12 years’ imprisonment and RM210 million fine, pending the outcome of his appeal at the Federal Court.

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