Riza pleaded not guilty to 5 charges of money laundering amounting RM1.02 billion

KUALA LUMPUR: The stepson of former Prime Minister Datuk Seri Najib Tun Razak, Riza Shahriz Abdul Aziz pleaded not guilty to five charges of money laundering amounting US$248.17 mil (RM1.02bil) from 1Malaysia Development Bhd. (1MDB) funds at the Sessions Court here (July 5).

Riza Shahriz, 43, pleaded not guilty to all the charges before Judge Rozina Ayob who offered a bail of RM1 million and be paid by the end of the day.

The money was allegedly transacted through Good Star Ltd., a company allegedly linked to fugitive businessman Low Taek Jho or known as Jho Low.

All charges were under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

If found guilty, Riza faces a fine of not more than RM5mil, or a jail term of not more than five years, or both.

Riza was the co-founder of Red Granite Pictures, which was behind the Hollywood blockbuster The Wolf of Wall Street, starring Leonardo DiCaprio and Margot Robbie. Riza was allegedly committed the offences at City National Bank, Los Angeles Main, 535, South Flower Street, Los Angeles, California, United States of America and BSI Bank Ltd. 7, Temasek Boulevard, 32-01, Suntec Tower One, Singapore between  April 12 ,2011 and November 14, 2012.

All charges were under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

If found guilty, Riza faces a fine of not more than RM5mil, or a jail term of not more than five years, or both.

He was released on bail at RM1mil.

Riza’s lawyer Datuk K. Kumaraendran did not object to the amount but asked for the bail to be paid in installment. This was objected by the Public Prosecutor Datuk Seri Gopal Sri Ram

Sessions Court judge Rozina Ayob fixed bail at RM1mil in two sureties and told the accused to surrender his passport to the court.

His half siblings Nor Ashman and Nooryana Najwa were also present in court. – Malaysia World

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