NAJIB NOW OUT ON BAIL, GAG ORDER MAINTAINED UNTIL FRIDAY HEARING – TRIAL DATES ALSO LIKELY TO BE FIXED BY END OF THE WEEK

KUALA LUMPUR 8/08/2018. Former Prime Minister, Najib Razak arrives at the Kuala Lumpur High Court. Najib Razak to be charged with a new offence, under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA). MALAYMAIL/Azneal Ishak.

KUALA LUMPUR — Former prime minister Datuk Seri Najib Razak, who was also the former finance minister, was today allowed an extension of bail for his new criminal case of allegedly laundering a total of RM42 million.

High Court judge Mohd Nazlan Mohd Ghazali allowed the extension of a previous RM1 million bail from two previous criminal cases for today’s new case.

Najib was charged with three counts of money laundering, with the first count involving RM27 million, the second count involving RM5 million and the third count involving RM10 million.

The charges under Section 4(1) of the Anti-Money-Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2002 (AMLATFPUAA) were initially read out to Najib at the Sessions Court before judge Azura Alwi earlier this morning.

The Section 4(1) offence is punishable by a maximum 15-year jail term and a fine of RM5 million or a minimum five times of the value of the unlawful proceeds at the time the offence was committed, depending on whichever sum is higher.

Najib previously posted a total of RM1 million bail in two instalments for his first two cases involving three counts of criminal breach of trust and one charge of power abuse in relation to RM42 million funds said to belong to SRC International Sdn Bhd, a former unit of 1MDB. – MALAY MAIL

Court maintains gag order on Najib’s cases pending Friday hearing

KUALA LUMPUR — The interim gag order on the merits of Datuk Seri Najib Razak’s criminal cases is still in place, the High Court ruled today.

Najib has also formally applied for a full gag order, which is scheduled to be heard this Friday.

The trial dates for Najib’s three criminal cases — to be heard jointly — over RM42 million funds said to belong to SRC International Sdn Bhd, a former unit of 1MDB, are also expected to be fixed on August 10. – MALAY MAIL

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