Najib charged with three more counts of money laundering

  • Nation
  • Monday, 28 Jan 2019

– AP

KUALA LUMPUR (Bernama): Former prime minister Datuk Seri Najib Tun Razak (pic) was charged in the High Court here Monday Jan 28) on three additional charges involving money laundering totalling RM47mil, five years ago.

Najib, 66, who was dressed in a blue suit, pleaded not guilty after all the three charges were read separately before Judge Mohd Nazlan Mohd Ghazali .

Najib already faces three criminal breach of trust charges involving SRC International funds amounting to RM42mil and three counts of money laundering involving the same fund.

For the three additional charges, Najib was accused of being involved in money laundering with a total sum of RM47mil, which was a result of illegal activities in his three AmPrivate Banking accounts.

All the offences were allegedly committed at AmIslamic Bank Berhad, Ambank Group Building, No.55, Jalan Raja Chulan on July 8, 2014 under Section 4(1)(a) of the 2001 Anti-Money Laundering and Anti-Terrorism Financing Act which provides for a maximum fine of RM5mil or imprisonment not exceeding five years or both, upon conviction.

The Pekan MP also pleaded not guilty to three amended charges of criminal breach of trust involving SRC International funds and three counts of money laundering involving the same fund, after all the charges were re-read.

Earlier, deputy public prosecutor Datuk Mohamad Hanafiah Zakaria informed the court that there were three additional charges of money laundering being filed against the accused.

"The prosecution also submitted amendments to three charges involving SRC funds under Section 409 of the Penal Code which were faced by the accused and three amendments of the law involving money laundering," he said.

Mohamad Hanafiah said the prosecution had issued the word 'RM4 billion' from the three allegations of misconduct faced by Najib and for three counts of money laundering, the word '2001' added on to each Anti-Money Laundering and Anti-Terrorism Financing Act. – Bernama

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