He allegedly misappropriated the sum of US$248 million (RM1.25 billion) from 1Malaysia Development Berhad.
The High Court today dismissed the application by Riza Shahriz Abdul Aziz to transfer his money laundering charges involving US$248 million from the Sessions Court to the High Court.
To be able to succeed under Section 417, the applicant must show that the question of law was truly and exceptionally difficult, asserted the judge. He dismissed Riza’s application after hearing submissions by the accused’s lawyer Datuk Hariharan Tara Singh and former federal court judge Datuk Seri Gopal Sri Ram who was appointed as senior deputy public prosecutor in the case.
“In the circumstances, if all other related 1MDB cases are transferred to the High Court, why not this,” he argued. On the first charge, he stands accused of involvement in illicit transactions amounting to US$1,173,104 between an account, 11116073, belonging to Good Star Limited at RBS Coutts, Switzerland and account number 123248291 at City National Bank, Los Angeles, USA belonging to Red Granite Productions Inc.
On the third and fourth charge respectively, he is accused of the same offence involving US$133 million and US$60 million in money transfers from account number 81134378 belonging to Aabar Investment PJS Limited, at BSI SA, Lugano, Switzerland, to account number 6C02250A at BSI Bank Limited, Singapore belonging to Red Granite Capital Ltd.
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