There’s Money Laundering, Criminal Breach Of Trust And Abuse Of Power First there was the bombshell arrest. Now comes the juicy charges faced by former Malaysian Prime Minister Najib Razak. On Wednesday (8 Aug), the 65-year-old was hauled to court yet again, where he was charged with money laundering. He was charged under Section 4(1) of the Anti-Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act for: The charges have to do with RM42 million (S$14 million) he allegedly received from SRC International, a former 1MDB subsidiary. Mr Najib faces up to 15 years in prison for each charge, as well as a fine. No surprise that he pleaded not guilty to the charges. Nothing new, I’m bored These latest charges add to the growing list that Mr Najib faces. Last month, he was charged with 3 counts of criminal breach of trust (CBT) and 1 count of abuse of power. The CBT charges relate to his capacity as Prime Minister, Finance Minister and Advisor Emeritus of SRC International. In these roles, he allegedly misappropriated funds through various Malaysian banks. And then there’s the abuse of power, which relates to a RM42 billion bribe. As part of the bribe, he allegedly served as […]
6 years ago
