Monday, October 26, 2020

Malaysia: High Court sets May 17 for Former PM, Najib’s RM47mil money laundering case

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The High Court today fixed May 17 for mention of the case of former prime minister Najib Tun Razak on three money-laundering charges involving RM47 million of SRC International Sdn Bhd (SRC) funds five years ago.

High Court Judge Mohamed Zaini Mazlan fixed the date after case management before him in the presence of Deputy Public Prosecutor Ishak Mohd Yusoff and lawyer Muhammad Shafee Abdullah, who is representing Najib.

Ishak said both parties were involved in another case until May 10.

“My side would like to ask for another date because we are tied down with the SRC (Najib) trial until May 10,” he said.

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The three charges involve a sum one count involving RM27 million and two counts involving RM10 million, bringing the total to RM47 million.

Najib is alleged to have been involved in money laundering by receiving the money which are proceeds from unlawful activity, in three private Banking accounts belonging to him.

Najib is alleged to have committed the offences at AmIslamic 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.

On Feb 8 this year, Najib was charged in the Sessions Court here on the three charges but the case was transferred to the High Court on an application by the prosecution.

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