KUALA LUMPUR: The High Court here has allowed the postponement of 1Malaysia Development Bhd (1MDB)-linked corruption trial involving Datuk Seri Najib Razak who is accused of laundering RM27mil of SRC International Sdn Bhd’s funds.
The hearing for the trial was initially scheduled to begin on Monday (Aug 2).
A source close to the case told The Star that Justice Mohamed Zaini Mazlan granted the postponement last Friday (July 30) via email to parties involved.
This is following an application by both the prosecution and the defence last week that requested for the case to be adjourned pending a decision in Najib’s appeal in another 1MDB-linked case involving RM42mil, also funds from SRC International.
“The court has fixed Sept 23 for mention to obtain updates on the proceedings at the Court of Appeal,” the source said.
Najib, who was sentenced to a total of 12 years in jail and a total fine of RM210mil after he was found guilty of seven charges in the RM42mil SRC International case, is appealing against the conviction and sentence.
The appeal hearing lasted for 15 days before a three-man panel and the Court of Appeal reserved its judgment to a date yet to be fixed.
On July 28, the prosecution had informed the court that a postponement was required as the evidence in the RM27mil case correlates with the RM42mil and involved the same money trail.
Najib was convicted in the RM42mil SRC International case by the High Court on July 28 last year, after he was found guilty of seven counts of criminal breach of trust, money laundering and abuse of power.
In the other SRC International case, Najib claimed trial on Feb 3, 2019 to three counts of money laundering where he allegedly received money totalling RM27mil, said to be proceeds from unlawful activity, in three AmPrivate Banking accounts belonging to him.
Najib was accused of having committed the offences at AmIslamic Bank Berhad, Bangunan Ambank Group, No. 55, Jalan Raja Chulan, on July 8, 2014.
The charge under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 carries a maximum fine of RM5mil or jail not exceeding five years or both, if convicted.