Najib slapped with 3 money laundering charges over RM42 million from SRC

KUALA LUMPUR: Former prime minister Najib Razak was slapped with three more criminal charges for money laundering offences today over the transfer of RM42 million from SRC International into his bank account.

He was accused of receiving the money in tranches of RM27 million, RM5 million and RM10 million which were said to be banked into his AmBank account between December 2014 and February 2015.

The offences were allegedly committed at the AmBank branch in Jalan Chulan.

If convicted under Section 4 (1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, Najib will face a maximum of 15 years in jail and a fine of not more than five times the illegal money allegedly received.

No plea was recorded before Sessions Court judge Azura Alwi.

There was a brief moment of laughter in the court when Najib corrected the interpreter who skipped the word “ringgit” when reading out the charges.

Deputy public prosecutor Hanafiah Zakaria led the prosecution with 10 deputy public prosecutors while Najib was represented by lawyer Muhammad Shafee Abdullah and seven others.

Najib’s case will be transferred to the High Court later today, which will set bail for the money laundering charges.

Shafee also submitted an application to consolidate all the money laundering cases to be heard at the same time.

The money laundering charges come a month after Najib claimed trial to three charges of criminal breach of trust (CBT) and one count of abuse of power at the High Court.

He posted RM1 million bail for the CBT and abuse of power charges.

Najib was summoned to the Malaysian Anti-Corruption Commission (MACC) office in Bukit Tunku yesterday where he was again questioned over SRC International.

Najib is the first former prime minister to be hauled up to face criminal charges.

He and his wife Rosmah Mansor were barred from leaving Malaysia after the May 9 polls, with over RM1 billion worth of items seized from properties linked to his family.