Najib's second trial (this time over RM2.3b) starts now
Datuk Seri Najib Razak arrives at the Kuala Lumpur High Court in Kuala Lumpur August 28, 2019. — Picture by Shafwan Zaidon
Dressed in a blue suit, the former prime minister entered the criminal courtroom 1 on the fourth floor of the Kuala Lumpur Complex at 9.32am, just one floor below the courtroom where he had been frequenting for his first trial over criminal and corruption charges involving RM42 million funds of SRC International Sdn Bhd, a former subsidiary of sovereign investment fund 1Malaysia Development Berhad .
Najib was alleged to have committed these offences by a series of decisions and approvals in relation to things such as 1MDB's precursor Terengganu Investment Authority, 1MDB's joint venture with PetroSaudi International Limited and related investment, 1MDB's joint venture with Aabar Investment PJS, loan approval for 1MDB Energy Holdings Limited, and issuing a letter of support to 1MDB Global Investment Limited for bonds to be issued.
The penalty for this corruption offence of power abuse is a maximum jail term of 20 years, and a fine of RM10,000 or five times the value of the amount that the accused is said to have benefited from.As for the 21 money-laundering charges that arise from the corruption charges, Najib is accused of having committed these offences by having dealt with illicit funds or money that are proceeds from unlawful activities.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Najib’s biggest 1MDB trial to begin today | Malay MailKUALA LUMPUR, Aug 28 — Malaysian ex-leader Datuk Seri Najib Razak’s most significant 1MDB trial begins today, centring on allegations that hundreds of millions of dollars linked to the state fund ended up in his bank account. Claims that Najib and his cronies pilfered massive sums from the fund...
Read more »
Day 1: Najib's long-awaited 1MDB trial gets underway todayLIVE | Malaysiakini brings you live reports from ex-premier Najib Abdul Razak's 1MDB trial.
Read more »
Najib’s biggest trial begins todayKUALA LUMPUR: Datuk Seri Najib Abdul Razak’s (pix) most significant 1MDB trial begins today, centring on allegations that hundreds of millions of doll...
Read more »
Canada’s Andreescu eases into US Open second round | Malay MailNEW YORK, Aug 28 — Canada’s rising talent Bianca Andreescu was cheered to a 6-2 6-4 victory over 17-year-old American Katie Volynets in the first round of the US Open on a noisy Court 10 yesterday. The 15th seed kept her 413th ranked opponent on the run with superior net play and fended off...
Read more »
Najib's biggest 1MDB trial to begin Wednesday (Aug 28)KUALA LUMPUR (AFP): Datuk Seri Najib Razak's most significant 1MDB trial begins Wednesday (Aug 28), centring on allegations that hundreds of millions of dollars linked to the state fund ended up in his bank account.
Read more »