KUALA LUMPUR: The High Court today fixed May 17 for mention of former prime minister Najib Razak’s case on three money-laundering charges involving RM27 million of SRC International Sdn Bhd funds five years ago.
High Court judge Mohamed Zaini Mazlan fixed the date after case management with deputy public prosecutor Ishak Mohd Yusoff and lawyer Muhammad Shafee Abdullah, who is representing Najib.
Ishak said both parties were involved in another case until May 10.
“My side would like to ask for another date because we are tied down with the SRC (Najib) trial until May 10,” he said.
Najib is being tried on three charges of criminal breach of trust, one charge of abuse of power, and three charges of money laundering involving SRC International funds of RM42 million before High Court judge Mohd Nazlan Mohd Ghazali.
Under the three charges mentioned today, Najib is alleged to have been involved in money laundering by receiving money totalling RM27 million, which are proceeds from unlawful activity, in three AmPrivate Banking accounts belonging to him.
Najib is alleged to have committed the offences at AmIslamic Bank Bhd, Bangunan Ambank Group, No. 55, Jalan Raja Chulan, on July 8, 2014, under Section 4 (1)(a) of the Anti-Money Laundering, Terrorism Financing and Proceeds of Unlawful Activities Act, which provides a maximum fine of RM5 million, jail not exceeding five years, or both upon conviction.
On Feb 8 this year, Najib was charged in the Sessions Court here with the three charges but the case was transferred to the High Court following an application by the prosecution.