'Money laundering' adds to Najib's legal woes – total seven charges

  • Aug 8, 2018
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Najib Abul Razak has been slapped with three charges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, with four earlier charges being amended.

The former premier arrived at the Jalan Duta court complex in Kuala Lumpur this morning in a blue-grey blazer and tie.

He was led straight to the Sessions Court before Judge Azura Alwi, where the new charges were read out.

It was during this time that the court interpreter stumbled in mentioning the monetary figures in the charge sheet, and Najib corrected the figures twice.

This led to slight giggles in the public gallery.

Najib was charged with three counts of money laundering, with regard to three deposits into his AmIslamic Bank account between Dec 26, 2014 and Feb 10, 2015.

The sum of each deposit was RM27 million, RM5 million and RM 10 million respectively.

The former premier was charged under Section 4(1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Under the Act, Najib stands to face a jail term of 15 years, and a fine amounting to five times the money laundered if convicted.

Although the new charges did not mention where the money originated from, sources disclosed yesterday that they were related to SRC International Sdn Bhd, a former subsidiary of 1MDB.

Najib was then led to the High Court, where the charge was read again and the former premier claimed trial.

High Court judge Azman Abdullah presided over the case.

http://demirakyat.live/news/2684

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