Najib may be charged with money-laundering, misappropriation of property, says report

Updated 5 years ago · Published on 15 Jun 2018 5:25PM · 4 Comments

Former prime minister Najib Razak is under investigation over the millions misappropriated from SRC International, a former subsidiary of 1MDB. – EPA pic, June 15, 2018.

FORMER prime minister Najib Razak may be charged with money-laundering and misappropriation of property related to 1Malaysia Development Berhad, Reuters reports today.

Najib is under investigation by the Malaysian Anti-Corruption Commission (MACC) over how RM42 million from SRC International, a former subsidiary of 1MDB, allegedly ended up in his private bank account.

The money-laundering charge carries a maximum sentence of 15 years’ jail and a fine of no less than five times the value of the laundered proceeds.

Citing a source close to the investigations, Najib may also be charged with dishonest misappropriation of property, which carries a maximum jail sentence of five years, a fine and whipping. 

The law, however, forbids men older than 50 years from being whipped.

Attorney-General Tommy Thomas would decide to accept the recommendations, file different charges or call for further investigations, the report quoted a source as saying.

The previous attorney-general, Apandi Ali, cleared Najib of wrongdoing in relation to 1MDB in 2015. 

Thomas said on Tuesday his office was studying possible criminal and civil action, after receiving investigation papers on 1MDB from MACC.

Police on Monday raided another house linked to Najib in Putrajaya, seizing hundreds of luxury handbags and dozens of other bags filled with jewellery.

MACC this week called on four individuals to assist in its probe into 1MDB, including an aide to Low Taek Jho or better known as Jho Low – a central figure in the 1MDB scandal closely linked to Najib and his family. – June 15, 2018.

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Comments

  • padan muka najib

    Posted 5 years ago by Kuey sengchoon · Reply

  • 15 years ONLY? Rosmah alone deserved at least 20 years.

    Posted 5 years ago by Bigjoe Lam · Reply

  • THE A-G SHOULD WOULD BE WISE TO DIRECT FURTHER INVESTIGATIONS, (IN MY OPINION), FOR AN AIR-TIGHT CASE..

    Posted 5 years ago by MELVILLE JAYATHISSA · Reply

  • Najib should offer to donate all his wealth to get a reduced sentence of say 10 years in jail, without hard labour.

    Posted 5 years ago by Meng Kow Loh · Reply