KUALA LUMPUR JULY 28: [13:03, 28/07/2020] Nor: KUALA LUMPUR JULY 28: Former Prime Minister Datuk Seri Najib Tun Razak was found guilty on all seven charges involving criminal breach of trust (CBT), money laundering and abuse of power amounting to RM42 million fund of the SRC International Sdn. Bhd.
High Court Judge Mohd Nazlan Mohd Ghazali when making the decision said that the prosecution has succeeded to prove all the seven cases against Najib, 67.
“I have found him guilty on all the seven charges,” said Mohd. Nazlan.
Najib faces imprisonment up to 20 years and a fine for the abuse of power charge, up to 20 years imprisonment, whipping and a fine for the three CBT charges and up to 15 years in jail and a fine for money laundering charges.
On the two counts of the CBT charges, Najib as a public servant and agent namely Prime Minister of Malaysia and Advisor Emeritus of SRC International Sdn Bhd (SRC), allegedly misappropriated RM27 million and RM5 million respectively, of RM4 billion belonging to SRC at AmIslamic Bank Berhad, Ambank Group Building, No 55, Jalan Raja Chulan Kuala Lumpur between Dec.24, 2014 and Dec. 29, 2014.
On the third count, Najib allegedly misappropriated RM10 million of RM4 billion belonging to SRC at the same place between Feb 10, 2015 and March 2, 2015.
On the abuse of position charge, Najib as Prime Minister and Finance Minister, allegedly used his position to commit bribery involving RM42 million through his participation or involvement in the decision to provide government guarantees for loans from the Retirement Fund Incorporated to SRC International amounting to RM42 billion.
Najib was charged committing the offence at the Prime Minister’s Office, Precinct 1, Putrajaya between Aug.17, 2011 and Feb.8, 2012.
On the money laundering charges, Najib is alleged to have received RM27 million, RM5 million and RM10 million respectively of proceeds from unlawful activities via Real-Time Electronic Transfer of Funds and Securities (Rentas) into two of his AmIslamic Bank Berhad accounts.
The offences were allegedly committed at AmIslamic Bank Berhad, Ambank Group Building, No.55, Jalan Raja Chulan, Kuala Lumpur between Dec 26, 2014, and Feb 10, 2015, under Section 4 (1)(b) of the Anti-, Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001. -Malaysia World News