A file photo of Najib Tun Razak. Photo credit: Najib Razak Facebook

KUCHING, Feb 2: The Federal Territories Pardons Board has cut former prime minister Datuk Seri Najib Razak’s twelve-year jail term to six years.

In a statement today, the Pardon boards said they also reduced his RM210 million fine to RM50 million, which is subject to be paid for an early release as early as Aug 23, 2028.

According to the statement, failure to pay the fine will result in his early release date being extended another year to Aug 23, 2029.

The Pardons Board made the decision during its 61st meeting on Jan 29.

Najib, imprisoned since Aug 23, 2022, was convicted for graft linked to state fund 1Malaysia Development Berhad (1MDB).

According to Malaysian and US authorities, over USD1 billion was transferred to accounts associated with the former prime minister, and an estimated $4.5 billion was stolen.

After starting his 12-year jail term in Kajang prison, on September 2, 2022, Najib filed for an application for pardon. — DayakDaily