Najib posts RM1 million bail, remaining RM2.5 million by next week

KUALA LUMPUR: Former prime minister Najib Razak made a brief appearance at the Sessions Court registry today to sign his bail documents and secure his freedom pending the outcome of his criminal trial for money laundering and abuse of power in relation to 1MDB.

He arrived in a white Toyota Vellfire at 10.50am and left about 10 minutes later.

He was dressed casually and escorted by several policemen and aides.

Before leaving the court premises, Najib told reporters that RM1 million of his bail had been posted today.

“We will settle the remaining RM2.5 million in instalments by next week, as ordered by the court,” he added.

The Sessions Court had set Najib’s bail at RM3.5 million for all 25 counts of money laundering and abuse of power charges over the alleged transfer of 1MDB money to his bank account.

Judge Azura Alwi set the amount yesterday after hearing arguments from Najib’s lawyer Muhammad Shafee Abdullah and senior deputy public prosecutor Gopal Sri Ram.

The court ordered for the bail to be settled before Sept 28 and allowed the sum to be paid in instalments.

Shafee informed the judge that Najib’s sons would be the bailors for the Pekan MP.

The court then set mention for Nov 16.

Najib has claimed trial to all 32 charges against him, including seven earlier charges of criminal breach of trust, abuse of power and money laundering in relation to RM42 million deposited into his account from former 1MDB unit SRC International.