Najib arrives in KL court

09-Aug-2018 Intellasia | New Straits Times | 6:02 AM Print This Post

Former prime minister Datuk Seri Najib Razak has arrived at the court complex here where he is expected to be charged for money laundering.

Najib, who cut a lonely figure, arrived at about 8.49am before he was ushered into the Sessions Court.

Heavily guarded by several Malaysian Anti-Corruption Commission (MACC) and policemen, Najib was calm and smiled at the camera as media personnel tried to take their best shot.

His wife, Datin Seri Rosmah Mansor, was not spotted.

Najib is expected to be charge with multiple counts of money laundering involving funds from SRC International Sdn Bhd.

It was reported that the Pekan member of Parliament will be facing charges under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2002.

He is looking at up to 15 years’ jail and a fine of not less than five times the value of the proceeds of unlawful activities, or RM5 million, whichever is higher, if found guilty, upon conviction.

Najib is also expected to be at the High Court today for the hearing of his criminal breach of trust and power abuse cases.

On July 4, Najib claimed trial to three counts of criminal breach of trust and another charge of abuse of power involving RM42 million linked to SRC International Sdn Bhd, a former subsidiary of 1Malaysia Development Bhd (1MDB).

SRC was created in 2011 to pursue overseas investments in energy resources and was a unit of 1MDB until it was moved to the finance ministry in 2012.

The SRC case involves alleged transfer of RM42 million of the company’s funds into Najib’s personal account.

The 1MDB Special Task Force was set up late May. Its duties include asset recovery; retrieval of money and assets siphoned off from the 1MDB state fund; and taking action against those involved in criminal activities relating to the case.


Category: Malaysia

Print This Post