Riza Aziz, the stepson of former premier Najib Abdul Razak, was slapped with five counts of money-laundering offences at the Kuala Lumpur Sessions Court this morning for allegedly receiving illegal proceeds that originated from 1MDB.
According to the charges read to him before Sessions Judge Rozina Ayob, Riza had allegedly received a total of US$248 million on five occasions between 2011 and 2012.
Riza, who is the co-founder of Hollywood production company Red Granite, was accused of committing the offence by receiving the money through the company's bank account.
He was charged under Section 4(1)(a) of the Anti-Money Laundering and Terrorism Financing Act 2001.
[More to follow] - Mkini
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