Friday, October 23, 2020

Malaysia – Former PM Najib’s money laundering trial vacated, 1MDB trial continues

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The trial of former prime minister Datuk Seri Najib Razak on three money-laundering charges involving RM27mil of SRC International Sdn Bhd (SRC) funds, which was supposed to begin Tuesday (June 2), has been vacated.

Lawyer Nur Syahirah Hanapiah, who was representing Najib, told reporters this after case management before High Court Judge Mohamed Zaini Mazlan today.

 

She said the court had sent notices to the parties involved on May 13 informing them that the trial dates had been vacated.

“This is because the court is giving priority to other ongoing cases involving Datuk Seri Najib, including the 1Malaysia Development Berhad (1MDB) and audit report trials,” she added.

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At today’s proceedings, which were also attended by deputy public prosecutor Muhammad Izzat Fauzan, the court fixed July 27 this year for case management.

The court had earlier fixed 13 days between June 2 and 25 for the SRC hearing.

On Feb 3, 2019 Najib pleaded not guilty to the three charges of money laundering for allegedly receiving money totalling RM27mil, which are proceeds from unlawful activity, in three Am Private Banking accounts belonging to him.

Najib is alleged to have committed the offences at Am Islamic Bank Berhad, Bangunan Ambank Group, No. 55, Jalan Raja Chulan, on July 8, 2014, under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which provides for a maximum fine of RM5 million or jail not exceeding five years or both on conviction.

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He was earlier charged in the Sessions Court but the case was transferred to the High Court on March 13, 2019, on an application by the prosecution.

Najib, 67, is also being tried on three charges of criminal breach of trust, one charge of abuse of power, and three charges of money laundering involving SRC International funds of RM42mil.

The case is now at the oral submission stage at the end of the defence case before High Court Judge Mohd Nazlan Mohd Ghazali.

 

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