MACC to file fresh charges against Najib over money laundering at SRC International

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KUALA LUMPUR (Aug 7): The Malaysian Anti Corruption Commission (MACC) will file several fresh charges against former premier Datuk Seri Najib Razak over criminal offences related to former 1Malaysia Development Board subsidiary, SRC International Sdn Bhd, at the Kuala Lumpur court tomorrow.

According to the MACC, the fresh charges will be filed under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

If convicted, Najib could be jailed up to 15 years and fined not less than five times the sum or value of the proceeds from the alleged criminal activity.

“The prosecution has received consent and approval from the Attorney-General’s Chambers,” MACC said in a statement today.

In addition, MACC confirmed it has summoned Najib for questioning at the Malaysia Anti Corruption Academy here today.

“He arrived at around 5pm and his statements were recorded for 45 minutes,” MACC added.

On July 4, Najib was charged with three counts of criminal breach of trust and one count of breach of power linked to RM42 million of funds from SRC International. 1MDB's shareholding in SRC was transferred to the Minister of Finance Inc in 2012.