Rosmah charged with money laundering over 1MDB funds

KUALA LUMPUR: Rosmah Mansor, the wife of former prime minister Najib Razak, was slapped with 17 money laundering charges amounting to RM14 million at the Sessions Court, over the transfer of 1MDB funds into her bank account.

She was accused of receiving payments totalling RM500,000 in 2013 – RM200,000 on Dec 4, RM100,000 on Dec 16 and RM200,000 on Dec 23.

She was also said to have received RM100,000 on Jan 2, 2014, RM100,000 on Jan 29, RM200,000 on Feb 28, RM100,000 on March 14 and RM100,000 on April 8.

She was accused of being involved in money laundering activities by receiving eight transactions amounting to RM1.64 million into her Affin bank account.

From 21 Jan to Dec 12, 2015, she was accused of allowing 127 transactions totalling RM3.853 million into the same account.

From 28 Jan to 7 Nov, 2016, she was said to have received transactions of RM510,000.

On March 29, she was said to have received five transactions totalling RM30,000.

For the following charges, she was accused of failing to file tax returns for the money received between 2013 and 2017.

She was accused of failing to declare tax returns for RM500,000 for 2014, RM2.24 million for 2015, RM3.853 million for 2016, RM510,000 for 2017 and RM30,000 for 2018.

If found guilty, she faces a fine of RM5 million or more and a jail term of between five and 15 years under Section 4 (1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.

Rosmah claimed trial to all 17 charges before judge Azura Alwi.

Fiat prosecutor Gopal Sri Ram, who is leading the prosecution team, asked for RM10 million bail with two conditions: that Rosmah surrender her passports and refrain from contacting trial witnesses or potential witnesses.

However, her lawyer Geethan Ram Vincent urged the court to impose a lesser amount, saying they were ready to comply with the conditions set.

Rosmah was arrested by the Malaysian Anti-Corruption Commission yesterday after being called in to record her statement for the third time.

Her husband, Najib, faces 32 charges of criminal breach of trust, abuse of power, and money laundering-related offences over transfers of RM42 million from former 1MDB subsidiary SRC International and RM2.28 billion from 1MDB into his bank accounts.