fbpx
Source: Can Law Report

Najib Razak faces 21 charges after being arrested last night over 1MDB money laundering case

Malaysian ex-Prime Minister Datuk Seri Najib Razak detained by the Malaysian Anti Corruption Commision (MACC) last night over the RM2.6 billion that was deposited into his personal account prior to the 13 General Elections which was allegedly misappropriated from the 1 Malaysia Development Berhad.

The 1MDB scandal has plagued Najib for over 5 years now after it was first exposed by Sarawak Report, an investigative journalism online news resource.

The MACC has referred Najib to the Malaysian police's Commercial Crime Investigation Department this morning to have his statement recorded.

Later at 3pm today, the former PM is scheduled to appear in the Sessions court to be charged on 21 distinct charges in relation to the RM2.6 billion under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Nine of those charges are for money laundering, five for the use of ill-gotten gains, and seven for transferring illicit funds to other entities.