Crime & Courts

Najib's additional money-laundering trial vacated for his other trials

KUALA LUMPUR: Datuk Seri Najib Razak's trial on three additional money-laundering charges involving RM27 million in SRC International Sdn Bhd funds has been postponed.

The trial, which was initially set to commence today, was vacated to make way for his ongoing corruption trials involving RM42 million of the company's funds, RM2.3 billion in 1Malaysia Development Bhd (1MDB) funds, and the 1MDB audit report.

High Court judge Mohamed Zaini Mazlan had previously fixed 13 days, from June 2 to 25, for the trial.

Deputy public prosecutor Muhammad Izzat Fauzan said since the trial dates are being occupied by the former prime minister's other trials, parties are seeking for a case management date to be fixed.

Zaini then fixed July 27 for case management.

Counsel Syahirah Hanafiah represented Najib.

Najib, 67, was charged with three money-laundering charges involving RM27 million from SRC International funds in his three AmPrivate Banking accounts.

The Pekan Member of Parliament allegedly committed all the offences at AmIslamic Bank Berhad, Ambank Group Building, No. 55, Jalan Raja Chulan on July 8, 2014 under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

He faces a maximum fine of RM5 million or imprisonment of up to five years, or both, if found guilty.

The charges were an addition to his seven charges involving the company's funds totalling RM42 million.

Hearing of oral submissions on Najib's RM42 million SRC International case was fixed for three days from yesterday (Monday), while his 1MDB trial is set to continue on Thursday.

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