Najib, former Treasury and intel chiefs in court today over CBT

Former PM and Mohd Irwan to be charged together on RM5b paid by 1MDB to IPIC

By MARK RAO / Pic By BERNAMA

Datuk Seri Mohd Najib Razak and two of his former senior officials, Tan Sri Dr Mohd Irwan Serigar Abdullah and Datuk Hasanah Hamid, will be charged with criminal breach of trust (CBT) at the Kuala Lumpur Sessions Court today.

The Malaysian Anti-Corruption Commission (MACC) said all three will be charged for offences concerning misuse of government funds.

Mohd Irwan was Najib’s Treasury secretary general, while Hasanah was chief of the Malaysian External Intelligence Organisation.

“Both (Najib and Mohd Irwan) will be charged together in relation to the investigation into several cases of CBT involving government funds, which were carried out by the two,” it said in a statement yesterday.

MACC said Hasanah will be separately charged for CBT involving government funds.

All three are expected to be produced in the same court at the Court Complex in Kuala Lumpur at 7.30am.

It is believed that the charges facing Najib and Mohd Irwan are related to the US$1.2 billion (RM4.99 billion) paid by 1Malaysia Development Bhd (1MDB) to Abu Dhabi’s state-owned International Petroleum Investment Co (IPIC) in 2017.

This is part of a settlement agreement after 1MDB defaulted on interest payments for US$3.5 million in bonds issued to the latter.

Najib and Mohd Irwan, the finance minister and 1MDB chairman respectively at the material time, were believed to have misappropriated funds from Bantuan Rakyat 1Malaysia (BR1M) and the federal government’s consolidated fund to finance the IPIC settlement.

Both accused were brought in for questioning at MACC headquarters in Putrajaya.

Najib was allowed to leave under MACC bail yesterday, while Mohd Irwan spent the night in custody.

The charges against former intelligence chief Hasanah are said to centre on her alleged abuse of power to embezzle government funds allocated for the 14th General Election.She was detained by the MACC on Aug 28 in regards to the allegations.

In 2012, IPIC agreed to co-guarantee two bonds worth US$1.75 billion each to 1MBD subsidiaries, 1MDB Energy (Langat) Ltd and 1MDB Energy Ltd, for the financing of two power plant purchases.

IPIC was embroiled in a debt payment dispute with 1MDB four years later, claiming that the latter failed to perform its obligations and cure its defaults in relation to the bonds.

IPIC sought over US$6.5 billion in compensation. Following court proceedings in London, 1MDB agreed to pay IPIC a US$1.2 billion settlement which was paid in full before the Dec 31, 2017, deadline.

Najib is already facing 32 charges for the alleged embezzlement of 1MDB funds. He claimed trial to all charges.

Meanwhile, Najib’s wife Datin Seri Rosmah Mansor is expected to present herself to the police tomorrow for her statement to be recorded in connection with the investigation into alleged misappropriation of funds from 1MDB.

According to a Bernama report, Rosmah will be quizzed by the Anti-Money Laundering Crime Investigation Team at Menara KPJ, Jalan Tun Razak, on Friday morning.

“She was to come today to give her statement, but has asked to postpone the recording of her statement to Friday,” the source told Bernama.

The source added that besides Rosmah, her sons Riza Aziz and Mohd Norashman Najib will also be present to give their statements regarding the investigation.