Najib faces money laundering charges today over SRC fund

Case management for CBT and abuse of power charges, also to be held today, is expected to decide on trial date and gag order


Embattled former Prime Minister (PM) Datuk Seri Mohd Najib Razak faces charges under the money laundering act related to fund from SRC International Sdn Bhd, a former subsidiary of 1Malaysia Development Bhd (1MDB).

Najib, who is already facing three criminal breach of trust (CBT) and one abuse of power charges, will be charged under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001, the Malaysian Anti-Corruption Commission (MACC) said yesterday.

He will be charged at the Kuala Lumpur Sessions Court. The attorney general (AG) had consented to the charge under the AMLAT-FPUAA, the MACC said in a statement.

The MACC had called on Najib yet again to assist in the investigations into SRC International at the MACC Academy in Kuala Lumpur yesterday.

“He arrived at approximately 5pm and a statement was recorded for 45 minutes,” said the MACC.

Najib’s legal battles continue as the case management for his CBT and abuse of power charges will also be heard at the Kuala Lumpur High Court today. The former PM had claimed trial to all four charges on July 4.

The charges were related to the alleged misappropriation of RM42 million from a RM4 billion loan given to SRC International when it was still a unit of 1MDB.

The case management for the CBT and abuse of power charges, also to be held today, is expected to decide on the trial date and the media gag order applied by the defence team, which was approved by then presiding High Court Judge Datuk Mohd Sofian Abdul Razak on July 4.

Mohd Sofian, however, will not preside over the case as he has been transferred to Civil Court 10.

Oxford-trained High Court Judge Mohd Nazlan Mohd Ghazali will take over Najib’s case. Mohd Nazlan was transferred from New Commercial Court 1.

Najib was represented by legal counsel Tan Sri Dr Muhammad Shafee Abdullah during the July 4 proceedings. AG Tommy Thomas will lead the prosecuting team at the closely watched trial.

This is the first time that a former PM of the country will be tried in the court of law.

SRC Internat ional was established in 2011 as a unit under 1MDB to pursue overseas investments in energy assets, before it came under the purview of the Ministry of Finance in the following year.