KUALA LUMPUR: The High Court here has allowed the postponement of the 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 was initially scheduled to begin today.
A source close to the case told The Star that Justice Mohamed Zaini Mazlan granted the postponement last Friday via email to the parties involved.
The move follows an application by both the prosecution and the defence last week requesting that the case 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 that had yet to be fixed.
On July 28, the prosecution informed the court that a postponement was required as the evidence in the RM27mil case correlated 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.
Meanwhile, in the RM27mil 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 activities, via three AmPrivate Banking accounts in his name.
Najib is accused of having committed the offences at AmIslamic Bank Bhd, Bangunan Ambank Group, No.55, Jalan Raja Chulan in Kuala Lumpur 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.