Published: Wed, August 08, 2018
People | By Leon Thompson

Charges against Najib in line with rule of law, says Hishammuddin

Charges against Najib in line with rule of law, says Hishammuddin

Former Malaysian prime minister Najib Razak was charged on Wednesday (Aug 8) with three counts of money laundering as part of a probe into money missing from state fund 1Malaysia Development Berhad (1MDB).

The charges - which Najib denies - relate to three transfers totalling 42m ringgit (US$10m) into his bank accounts from SRC International, a former unit of the 1MDB fund that U.S. investigators say was looted of billions by Najib's associates.

In a packed courtroom, the three new charges were read out to Najib.

He also faces three other charges of criminal breach of trust (CBT) in his capacity as Prime Minister, Finance Minister and Advisor Emeritus of SRC International, in which he was entrusted with the RM4bil.

TRT World's Zan Azlee has more details from Kuala Lumpur.

Najib, 65, has been consistent in saying he is not guilty of any of the charges brought against him.

He is accused of abusing his power and of misusing funds in a RM42 million (S$14.7m) from the SRC International Sdn Bhd.

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Sessions Court judge Azura Alwi allowed an application by the prosecution to transfer the Amla cases to the High Court.

Each charge is punishable by up to 15 years' jail and a fine of not less than five times the proceeds of the illegal activity.

The new government reopened investigations into 1MDB that were stifled under Najib and barred him and his wife from leaving the country.

Earlier, Najib arrived at the courthouse in a four-car motorcade accompanied by his children. He was dressed in a grey suit and sat in the dock looking calm.

The US Department of Justice, which is seeking to recover items allegedly bought with stolen 1MDB cash in America, estimates that $4.5 billion in total was looted from the fund.

1MDB is being investigated by at least 6 countries, including Singapore, Switzerland and the United States, over alleged money laundering and graft.

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