Najib slapped with 25 charges over 1MDB funds

Najib slapped with 25 charges over 1MDB funds

It takes 35 minutes for the 21 money laundering and four abuse of power charges to be read to the former prime minister.

KUALA LUMPUR: Former prime minister Najib Razak was slapped with 25 charges at the Sessions Court here today in connection with the alleged transfer of hundreds of millions of dollars into his bank account from state investment fund 1MDB.

He was charged with 21 counts of money laundering for transferring illegal funds to his bank account and subsequently using the money.

He was said to have received and used the illegal money during his term of office between 2011 and 2014.

For the first nine charges, he was accused of receiving money in tranches of RM155 million, RM155 million, RM155 million, RM188 million, RM231 million, RM138 million, RM152 million, RM304 million and RM602 million.

For the remaining charges, he was accused of giving out money: RM20 million to Umno; RM100,000 to Batu Kawan Umno; RM246,000 to Lim Soon Peng; RM2 million to Orb Solutions; and RM303,000 to Semarak Konsortium.

Five transfers were made to Tanore Finance Corp – RM652 million, RM326 million, RM327 million, RM181 million and RM545 million – while RM150 million and RM12 million was transferred to his other accounts.

According to his lawyer Muhammad Shafee Abdullah, the RM2.034 billion was returned to Tanore.

Najib was accused of receiving the money before the 13th general election in 2013 and giving it out after the election, shortly before Merdeka.

He was also accused of abusing his power in another four charges under Section 23 (1) of the Malaysian Anti-Corruption Commission (MACC) Act 2009.

He was accused of misusing his position to obtain bribes of RM60.63 million, RM90.9 million, RM2.08 billion and RM49.93 million between February 2011 and December 2014.

It took 35 minutes to read the charges against him, which totalled RM2.28 billion.

Najib claimed trial to all 25 charges before Sessions Court judge Azura Alwi, who agreed to the prosecution’s request to have the charges tried together.

Shafee meanwhile said his team would make an application for the case to be tried in the High Court.

Deputy public prosecutor Akram Garib asked for bail to be set at RM5 million if the court was not agreeable to denying bail.

He said the prosecution was objecting to bail as offences under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla) are non-bailable under the Criminal Procedure Code.

Gopal Sri Ram, who is leading the prosecution team, said Najib had made many statements regarding the case on Twitter and Facebook.

However, Shafee said the former prime minister was only exercising his right to freedom of speech.

The latest 1MDB-related charges come after Najib revealed details last week on how he came to receive a staggering US$100 million in donations from the late Saudi ruler King Abdullah Abdulaziz Al Saud in 2011.

He said he was doing so to clear his name from various allegations and defamatory statements by those accusing him of laundering money.

In July, Najib was charged with three counts of criminal breach of trust (CBT) over the transfer of RM42 million into his account from former 1MDB unit SRC International.

He was said to have transferred RM27 million, RM5 million, and RM10 million from SRC International into his AmBank account between Dec 2014 to March 2015.

He was also accused of abusing his power as prime minister by giving government guarantees on SRC’s RM4 billion loan from the Retirement Fund Inc.

Another three charges under money laundering laws were filed against him last month over the same RM42 million transfer.

He was accused of receiving the money illegally in tranches of RM27 million, RM5 million and RM10 million into his AmBank account.

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