Overhauling Malaysia | The 1MDB Scandal

As promised in their GE14 manifesto, the new Pakatan (PH) government has finally succeeded in putting a case together on the 1MDB scandal. Today the former Malaysian Prime Minister Datuk Seri Najib Tun Razak has been formally charged for 3 counts of CBT for a total of RM42 mil and also the abuse of power in relation to the 1MDB scandal. 

1MDB Scandal Sum Total 32 Charges against Former PM Najib Posted on September 20, 2018

 

Sum Total of Charges against former PM Najib

Former Prime Minister Datuk Seri Najib Tun Razak faces a total 32 charges.

  • The Penal Code Section 409 

Three criminal breach of trust (CBT) charges for misappropriating RM42mil of SRC funds.  (Charged on July 04, 2018)

 

  • The MACC Act Section 23

One abuse of power charge 

(Charged on July 04, 2018)

 

  • The Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA)

three charges for receiving RM42 million in illegal proceeds linked to SRC International Sdn Bhd via electronic transfer.  

(Charged on August 08, 2018)

 

  • The Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA)

Twenty-one charges for receiving, using and transferring RM2.6bil of illegal monies.  

(Charged on September 20, 2018)

 

  • The MACC Act Section 23 (1)

Four abuse of power charge

(Charged on September 20, 2018)

1MDB Scandal Expect New Charges for Najib under Anti-Money Laundering Act Round 3

Posted on September 20, 2018

 

The New Charges
Former Prime Minister Datuk Seri Najib Tun Razak has been slapped with another 25 charges, 21 charges under The Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) and four changes under the MACC Act.

  

The charges include nine counts for receiving illegal monies, five counts for using illegal monies and seven counts for transferring illegal monies to other entities," he said.

1MDB Scandal Additional Charges for Najib under Anti-Money Laundering Act Round 2

Posted on August 08, 2018

 

The New Charges
Former Malaysian Prime Minister Datuk Seri Najib Tun Razak has been charged with another 3 charges for receiving RM42 million in illegal proceeds linked to SRC International Sdn Bhd via electronic transfer.


He was charged under Section 4 (1) (b) of the Anti-Money Laundering and Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. If convicted, he will face a maximum 15 years jail and no less than five times the amount of proceeds involved, or a RM5 million fine, whichever is higher. He pleaded not guilty to all 3 counts of money laundering charges and was allowed out on extended bail.


Amended CBT Charges
The Prosecution amended the earlier criminal breach of trust (CBT) charges. The term ‘public servant’ was removed for the second and third counts of CBT. Najib maintained his plea of not guilty to all four charges.

 

Previous 1MDB Related Charges

On July 04, 2018 Najib was charged for three counts of criminal breach of trust (CBT) under Section 409 of the Penal Code for misappropriating a total of RM42 million of SRC (SRC International was formerly under 1Malaysia Development Berhad (1MDB)) funds 2011 and 2015.  He was also charged for abuse of power Section 23 of the MACC Act.

New Malaysia | 1MDB: Najib's Trial |

In the News Snippets & Links 

Day 10

Apr 26, 2019  @ 16:00 Najib claims SRC charges defective, court to decide challenge on Monday

The High Court will decide next Monday Datuk Seri Najib Razak’s challenge against all seven charges he is currently facing in an ongoing trial over RM42 million of a 1MDB-linked company’s funds.|Read more >|Malaymail

Day 9

Apr 25, 2019 @ 16:16 RM14.5 million transferred into Najib’s personal account: Ambank Manager

The High Court here today was told that RM14.5 million was transferred into an account of AmPrivate Banking – Y1MY owned by former prime minister Datuk Seri Najib Abdul Razak between July 2014 and Feb 11, 2015.|Read more >|SunDaily

 

Apr 25, 2019  @ 14:30 SRC trial: Najib declared responsibility for all transactions in personal AmBank accounts

Datuk Seri Najib Razak signed a declaration to assume responsibility and liability for all transactions in three accounts at AmBank that were opened under his name, the High Court heard today.|Read more >|Malaymail

Day 8

Apr 24, 2019 @ 14:55 Najib's SRC trial: RM4bil credited into SRC's bank account, RM85mil tranferred out

A total of RM85mil was transferred out of SRC International Sdn Bhd's bank account from July 2014 and February 2015.|Read more >|TheStar

 

Apr 24, 2019 @ 12:33 Najib's SRC trial: Ihsan Perdana received RM50mil from Gandingan Mentari

A bank processing officer told the High Court here that a total of RM50mil was credited into the bank account of Ihsan Perdana Sdn Bhd, the corporate social responsibility (CSR) unit of SRC International Sdn Bhd|Read more >|TheStar

 

Apr 22, 2019  @ 12:00 In Najib’s SRC trial, law firm says handed RM2.5m cheque for ‘defence contract’ by Habibul Rahman

The Zulqarnain & Co law firm received a RM2.5 million cheque for an unspecified defence contract in 2015 from Datuk Seri Najib Razak, the High Court heard today.|Read more >|Malaymail

Day 7

Apr 24, 2019  @ 07:00 RM2.7mil spent on social media work

More than RM2.7mil, believed to be part of the RM42mil belonging to SRC International Sdn Bhd, was spent on social media exercises involving the Chinese community, the upkeep of a now defunct news portal and political welfare programmes.|Read more >|TheStar

 

Apr 23, 2019 @ 22:20 Najib’s SRC trial: Penang Umno, Upko received RM1m each, High Court hears

The High Court here hearing the case of former prime minister Datuk Seri Najib Abdul Razak regarding criminal breach of trust (CBT) and other charges involving SRC International Sdn Bhd funds, was today told that Penang Umno received RM1 million from the party headquarters in 2015.|Read more >|SunDaily

Apr 23, 2019 @ 20:02 Details of how Najib funded and monitored local Chinese media revealed

Details of how Datuk Seri Najib Razak paid for the upkeep of his “Ah-Jib Gor” Facebook page, publication of a Chinese weekly and setting up of a news portal called The Malaysian Digest were revealed today.|Read more |NST

Day 6

Apr 22, 2019 @ 18:44 Padang Serai Umno received cheque for RM50,000 from Najib

The High Court here was told today that former prime minister Datuk Seri Najib Abdul Razak had issued a cheque for RM50,000 to Padang Serai Umno leader Datuk Asmadi Abu Talib for use by the party division.|Read more >|SunDaily

Apr 22, 2019 @ 16:24 Johor Baru Umno received RM300,000 from Najib, court told

Johor Bahru Umno division secretary Abu Talib Alias told the High Court here today that his division received a cheque of RM300,000 from the party president in 2015.|Read more >|SunDaily

 

Apr 22, 2019 @ 13:08 Najib’s SRC trial: Umno division chief on why cheque was issued to him personally instead of division
An RM50,000 cheque to the Umno Padang Serai division was made directly to the division chief Datuk Asmadi Abu Talib and not the party's division bank account. Read more >|TheStarr

 

Apr 22, 2019  @ 12:00 SRC trial: Cheque paid for RM67,000 water towers in Najib’s Pekan home

A cheque was issued for RM77,300 in works at Datuk Seri Najib Razak’s house in Pekan including RM67,000 for two water tank towers, the High Court heard today.|Read more >|Malaymail

 

Apr 22, 2019  @ 11:58 High Court judge in Najib's trial warns against sharing videos of proceedings

Any recordings of court proceedings is not to be shared on social media, says Justice Mohd Nazlan Mohd Ghazali.|Read more >|TheStar

Day 5

Apr 21, 2019  @ 12:00 So, who received cheques from Najib’s AmIslamic accounts?

On day five of Datuk Seri Najib Razak’s SRC International Sdn Bhd trial, it was revealed that 17 cheques had been issued from AmIslamic Bank accounts where RM42 million of the former 1MDB unit’s funds were allegedly transferred.|Read more >|Malaymail

Apr 19, 2019  @ 08:28 Wardrobe and pantry built at cost of RM200k, says witness in Najib’s trial

An interior design company owner told the High Court yesterday that he carried out work to build a storeroom with a wardrobe and pantry at the house of the ‘number one man’ in 2014, which cost more than RM200,000. |Read more >|SunDaily

 

Apr 18, 2019  @ 12:00 In SRC trial, Najib’s cheques to Umno, Upko, lawyer Hafarizam’s firm surface

Datuk Seri Najib Razak’s AmBank cheques made out to Umno, Sabah party Upko and his lawyer Datuk Mohd Hafarizam Harun’s law firm emerged today in his trial over RM42 million of a former 1MDB unit’s funds.|Read more >|Malaymail

 

Day 4

Apr 17, 2019  @ 16:14 Search at Ambank made on order for suspected offence under AMLATFPUA, says witness

The High Court here was told today that the search at the Ambank Group building at Jalan Raja Chulan was conducted following an order for investigation into an offence under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (AMLATFPUA) Act 2001, allegedly committed at the bank. |Read more >|SunDaily

 

Apr 17, 2019  @ 12:12 Najib’s SRC trial: BNM manager denies not telling the truth

A Bank Negara Malaysia (BNM) manager denied in court today that he was being briefed by certain quarters to not tell the truth in the hearing of the alleged misappropriation of SRC International Sdn Bhd funds involving former Prime Minister Datuk Seri Najib Abdul Razak. |Read more >|SunDaily

 

Day 3

Apr 17, 2019 @ 09:15 Prosecution establishes money trail

The third day of Datuk Seri Najib Razak’s trial yesterday saw the prosecution establishing a paper trail involving the transfer of millions of ringgit from one 1Malaysia Development Bhd (1MDB) subsidiary company to another. |Read more >|NST

 

Apr 16, 2019  @ 21:20 Aabar Investment deposited nearly US$15m into SRC’s account: Witness

The High Court in the trial of Datuk Seri Najib Abdul Razak’s case here has been told that nearly US$15 million was deposited by Aabar Investment PJS Limited from Abu Dhabi, United Arab Emirates (UAE), into SRC International Sdn Bhd’s account. |Read more >|SunDaily

 

Apr 16, 2019  @ 20:00 Najib's trial: Two banks involved in BNM's 2015 money-laundering probe

The High Court was told in Datuk Seri Najib Razak’s first-ever trial that Bank Negara Malaysia had probed two major local banks under anti-money laundering laws in 2015 over the accounts of the former prime minister and companies linked to 1Malaysia Development Berhad (1MDB). |Read more >|Malaymail

 

Apr 16, 2019  @ 18:20 Najib’s lawyer submits additional documents on transactions of RM94.7m

Lawyer Harvinderjit Singh, representing Datuk Seri Najib Abdul Razak, today submitted to the High Court several additional documents on banking transactions amounting to RM94.7 million involving SRC International Sdn Bhd and Gandingan Mentari Sdn Bhd. |Read more >|SunDaily

 

Apr 16, 2019  @ 17:18 Najib's SRC trial: 'Unsure' BNM officer exasperates defence

The defence lawyers in former prime minister Datuk Seri Najib Razak's corruption trial faced an exasperating time confirming facts with a Bank Negara Malaysia's (BNM) officer who was part of a raid for evidence against their client. |Read more >|TheStar

 

Apr 16, 2019  @ 08:00  Najib’s RM42m trial: What is SRC International and how it figures in the case

With Datuk Seri Najib Razak’s trial involving seven charges over RM42 million of SRC International Sdn Bhd funds currently underway, many may be curious about this investment company and its pivotal role in the case. |Read more >|Malaymail

 

Day 2

Apr 15, 2019  @ 18:09  Witness admits not having special knowledge on SRC filing to SSM

An officer of the Companies Commission of Malaysia (CCM) told the High Court here today that he did not have the specific knowledge on the filing process of SRC International Sdn Bhd to the commission. |Read more >|SunDaily

 

Apr 15, 2019  @ 17:10  Prove Najib knew funds in Ambank account illegal, Shafee tells the prosecution

The prosecution must prove that former prime minister Datuk Seri Najib Razak was aware and complicit that the funds that went into his Ambank account was related to the RM42 million allegedly diverted from SRC International Sdn Bhd, lawyer Tan Sri Shafee Abdullah said today. |Read more >|Malaymail

 

Apr 15, 2019  @ 14:51  Najib was a director of Yayasan Rakyat 1Malaysia, High Court told

The High Court here was today told that former Prime Minister Datuk Seri Najib Tun Razak was one of the directors of the Yayasan Rakyat 1Malaysia. |Read more >|SunDaily

 

Apr 15, 2019  @ 14:00  Bank Negara man reveals 2015 raid to get Najib’s Ambank account info

Bank Negara Malaysia had raided an Ambank branch in 2015 to obtain details on Datuk Seri Najib Razak’s personal bank accounts, an officer from the central bank testified today. |Read more >|Malaymail

 

Apr 15, 2019  @ 09:28 Najib arrives for second day of SRC trial

Former prime minister Datuk Seri Najib Abdul Razak (pix) arrived at the Kuala Lumpur High Court for the second day of his SRC International Sdn trial today. |Read more >|SunDaily

_______________________________________

New Malaysia | 1MDB: Najib's SRC Trial |

In the News Snippets & Links

Aug 22, 2019 SRC trial: MACC witness denies Jho Low used money in Najib’s personal accounts

A senior officer of the Malaysian Anti-Corruption Commission (MACC) today refuted claims that fugitive businessmen Low Taek Jho, or Jho Low had personally used money that was deposited into the accounts of former Prime Minister Datuk Seri Najib Razak.|Read more >|Malaymail

Aug 22, 2019 Najib had an interest in misappropriation of SRC funds: Witness

A Malaysian Anti-Corruption Commission (MACC) investigating officer told the High Court here today that only former prime minister Datuk Seri Najib Abdul Razak had an interest in the misappropriation SRC International Sdn Bhd’s funds, not the fugitive businessman Low Taek Jho, or Jho Low.|Read more >|SunDaily

Aug 22, 2019 ‘RM642m from Saudi Arabia Finance Ministry, Prince deposited into Najib’s account’

A Malaysian Anti-Corruption Commission (MACC) investigating officer confirmed today that RM642 million in funds from the Saudi Arabia Finance Ministry and Prince Faisal Turki were transferred into a personal bank account, ending with the numbers 694 belonging to former Prime Minister Datuk Seri Najib Abdul Razak.|Read more >|SunDaily

Aug 20, 2019 MACC never interrogated Rewcastle-Brown, court told

The Malaysian Anti-Corruption Commission (MACC) never interrogated Sarawak Report editor Claire Rewcastle-Brown over an article published in 2015.|Read more >|TheStar

Aug 20, 2019 SRC Trial: Sarawak Report, not WSJ article triggered MACC’s probe, says witness

An exposé by whistleblower website Sarawak Report (SR) containing alleged money laundering offences using bank accounts related to Datuk Seri Najib Razak was what triggered the Malaysian Anti-Corruption Commission (MACC) investigations back in 2015, the High Court heard today.|Read more >|Malaymail

Aug 20, 2019 Ex-PM says signatures are his, court hears
Datuk Seri Najib Razak has confirmed the signatures on banking documents involving his personal account and SRC International Sdn Bhd to be his, the High Court heard.|Read more >|TheStar

Aug 09, 2019 Najib’s SRC trial: Original minutes of meetings for 2013 unavailable because ex-ceo fled, court told

A Malaysian Anti-Corruption Commission (MACC) senior assistant commissioner told the High Court here today that he failed to get the original minutes of meetings of SRC International Sdn Bhd (SRC) for 2013 because its former Chief Executive Officer Nik Faisal Ariff had fled overseas.|Read more >|SunDaily

Aug 07, 2019 Husni: Najib fixed me with sexual harassment charge

It could have come straight out of a blockbuster courtroom thriller when a key prosecution witness testified today, revealing how Datuk Seri Najib Razak fixed him with a sexual harassment charge after he raised issues concerning 1MDB in Parliament.|Read more >|NST

Aug 07, 2019 Husni: I still pray that Allah will open his eyes to the truth every day

God’s name was invoked repeatedly in the High Court today, where Datuk Seri Najib Razak sat in the dock listening to his former cabinet colleague testifying against him.|Read more >|NST

Aug 07, 2019 'Angry' Husni Hanadzlah claims he was reduced to 'office boy' status

A very angry man testified against his former boss today and he did not hold back in telling all about Datuk Seri Najib Razak and his style of leadership.|Read more >|NST

Aug 06, 2019 ‘I was told not to interfere’

Former second finance minister Datuk Seri Ahmad Husni Hanadzlah was told not to interfere when he advised Datuk Seri Najib Razak on 1Malaysia Development Bhd’s planned investments in oil and gas.|Read more >|TheStar

Aug 06, 2019 Najib refused to send govt-led delegation to Switzerland over alleged freezing of SRC funds in 2013, says ex-minister

Datuk Seri Najib Razak refused to approve an official government-led delegation to Switzerland when RM3 billion belonging to SRC International Sdn Bhd was frozen by the Swiss government over alleged money-laundering offences in 2013, the High Court was told today.|Read more >|Malaymail

Aug 06, 2019 SRC trial: Witness says Najib had to know account details after using cards, issuing cheques

Former AmBank relationship Joanna Yu Ging Ping today agreed Datuk Seri Najib Razak must have known of matters concerning his personal bank account balances as the former prime minister had issued cheques and made purchases from them.|Read more >|Malaymail

Aug 06, 2019 Najib was 'Optimus Prime' to Jho Low

Fat boy Jho Low, as fugitive businessman Low Taek Jho called himself, also had an interesting acronym for former prime minister Datuk Seri Najib Razak, the High Court here heard today.|Read more >|NST

Aug 06, 2019 In SRC trial, court showed RM606.51m entered Najib’s three AmBank accounts in two years

A whopping RM606.51 million was credited into Datuk Seri Najib Razak's three current Ambank accounts between July 2013 and March 2015, according to financial documents tendered at his trial over the alleged misappropriation of RM42 million from SRC International Sdn Bhd.|Read more >|Malaymail

Aug 05, 2019 Bank manager didn’t suspect anything amiss while dealing with Jho Low

Datuk Seri Najib Razak’s former relationship manager did not suspect anything amiss during her dealings with fugitive businessman Low Taek Jho regarding the bank accounts of the former premier until 2014,the High Court|Read more >|TheStar

Aug 05, 2019 Jho Low said Najib refused to close his AmBank accounts: Witness

A former banker told the High Court here today that fugitive businessman Low Taek Jho or known as Jho Low informed her that Datuk Seri Najib Abdul Razak did not want to close his accounts with AmBank.|Read more >|SunDaily

Aug 01, 2019 SRC Trial: Jho Low instructed RM37m to go into Najib’s accounts, including RM27m labelled as ‘royal donation’

At least RM37 million from SRC International Sdn Bhd’s coffers ended up in Datuk Seri Najib Razak’s personal bank account as per the instructions of fugitive financier Low Taek Jho, a bank account relationship manager told the High Court today.|Read more >|Malaymail

Aug 01, 2019 Jho Low asks witness to lie about RM139 million bank drafts issued by SRC

Infamous fugitive businessman Low Taek Jho (pix), better known as Jho Low, had requested former Ambank relationship manager Joanna Yu Ging Ping to lie for the purpose of cashing out three bank drafts totalling RM139 million issued by SRC International Sdn Bhd’s AmBank account, the High Court here heard.|Read more >|SunDaily

Aug 01, 2019 SRC trial: Ex-AmBank manager says Jho Low tried to poach her with offer of RM60,000 a month

A former AmBank relationship manager in charge of Datuk Seri Najib Razak’s personal accounts revealed that Low Taek Jho had sought to recruit her for SRC International Sdn Bhd with jobs paying up to RM60,000 monthly in 2013.|Read more >|Malaymail

Jul 31, 2019 SRC Trial: Ex-AmBank manager used her RM55k to prevent Najib’s cheque from being rejected

The AmBank relationship manager in charge of Datuk Seri Najib Razak’s personal current accounts had deposited RM55,000 of her own money into one of his accounts to avoid a cheque from bouncing back in 2014, the High Court heard today.|Read more >|Malaymail

Jul 31, 2019 RM5m went into Najib’s account to ensure cheque for Umno didn’t bounce: Witness

The High Court here today heard that a sum of RM5 million was transferred in September 2014 from Putra Perdana Construction’s Allianz Bank account into Datuk Seri Najib Abdul Razak’s AmBank account to ensure a cheque issued to political party, Umno did not bounce.|Read more >|SunDaily

Najib's SRC trial from Day 1......>

1MDB Scandal The 1MDB Corruption Trial of Datuk Seri Najib Tun Razak Round 1

Posted on July 04, 2018

On July 4, Malaysian authorities charged Najib with three counts of criminal breach of trust and one count of using his position for gratification, as part of an investigation into state fund 1Malaysia Development Berhad (1MDB).


The High Court Judge: Datuk Mohd Sofian Abd Razak
The Accused: Datuk Seri Najib Tun Razak
The Charges

  • Three counts of criminal breach of trust (CBT) charges under Section 409 of the Penal Code 

  • Charged for abuse of power Section 23 of the MACC Act

Plea: Not guilty to all charges
Trial date: The High Court set the trial dates as Feb 18 to 28, March 4 to 8, and March 11 to 15, 2019.
In total, the trial will go on for 19 days.

In the meantime….

  • The judge ordered the former PM’s two passports, normal and diplomatic passport to be impounded by the court (Najib and his wife have been barred from leaving the country since May 12, 2018)

  • Granted bail of RM1 million with two sureties (Najib’s children Nooryana and Norashman) 
     

1MDB Scandal The 1MDB Corruption Trial of Datuk Seri Najib Tun Razak

Posted on July 04, 2018

 

The Prosecution Team

  • Attorney-General Tommy Thomas

  • DPP Datuk Mohamad Hanafiah Zakaria

  • DPP Manoj Kurup

  • DPP Datuk Suhaimi Ibrahim

  • DPP Datuk Umar Saifuddin Jaafar

  • DPP Datuk Ishak Mohd Yusoff

  • DPP Donald Joseph Franklin

  • DPP Muhammad Saifuddin Hashim Musaimi

  • DPP Budiman Lutfi Mohamed

  • DPP Sulaiman Kho Kheng Fuei

  • DPP Mohd Ashrof Adrin Kamarul

  • DPP Muhammad Izzat Fauzan

 

The Defence Counsel:

  • Tan Sri Muhammad Shafee Abdullah (Lead Counsel)

  • Harvinderjit Singh

  • Datuk Raj Krishnan

  • Farhan Read

  • Rahmat Hazlan

1MDB Scandal What has Najib been charged for in the 1MDB case? Round 1

Posted on July 04, 2018

Three counts of criminal breach of trust (CBT) charges under Section 409 of the Penal Code (which carries a maximum of 20 years' jail and whipping, upon conviction) for misappropriating a total of RM42 million of SRC (SRC International was formerly under 1Malaysia Development Berhad (1MDB)) funds 2011 and 2015.

  1. The first charge, Najib was accused that as a public servant and agent, namely Prime Minister and Finance Minister of Malaysia, Advisor Emeritus SRC International Sdn Bhd (SRC) and in those capacities entrusted with control of funds belonging to SRC totalling RM4 billion, had committed CBT involving a sum of RM27 million.

  2. The second count, Najib was charged that as Prime Minister and Finance Minister with control over SRC funds totalling RM4 billion, he had committed CBT involving RM5 million at the same place and during the same time frame. He was accused of committing the offence at AmIslamic Bank Berhad, Ambank Group Building , No 55, Jalan Raja Chulan, here between Dec 24, 2014 and Dec 29, 2014 and charged under Section 409 of the Penal Code which provides for jail up to 20 years and whipping and can also be fined, if convicted.

  3. The third count, Najib was charged with being Prime Minister and Finance Minister entrusted with SRC-owned funds of RM4 billion, committing CBT involving RM10 million at the same place between Feb 10, 2015, and March 2, 2015, according to the same section (of the Penal Code). He allegedly committed the offence between Feb 10, 2015, and March 2, 2015, at AmIslamic Bank Berhad at Jalan Raja Chulan.

 

Charged for abuse of power Section 23 of the MACC Act (carries a sentence of up to 20 years' jail, or a fine of RM10,000 or five times the bribe amount, whichever is higher)

  1. On the fourth charge, Najib was accused of being a public official namely Prime Minister and Minister of Finance of Malaysia, using his position to commit bribery involving RM42 million when he participated or was involved in a decision on behalf of the Malaysian government, to provide government guarantees for loans from the Retirement Fund Incorporated Fund(KWAP)  to SRC International Sdn Bhd amounting to RM4 billion.

1MDB Scandal The 1MDB-linked Frozen Accounts

Posted on July 04, 2018

 

It was reported on July 2, 2018, that the 1MDB Special Task Force frozen 408 bank accounts of individuals, political parties and non-government organisations (NGOs) worth RM1.1 billion on June 26 and 29. It is believed that these accounts are linked to laundering of misappropriated 1MDB funds. It has been traced that there were nearly 900 transactions made between March 2011 and September 2015 that involved money transfer amounting to RM1.1 billion into these accounts.  

 

Who are the 408 account holders?
Out of the 408 bank accounts, of which 81 belong to individuals and 55 to companies and NGOs, the task force only made known that three accounts holders are political parties namely, United Malays National Organisation (Umno) HQ, UMNO Selangor and Sarawak United People’s Party (SUPP).  No further details were given of the other accounts. They have only asked the rightful owners to come forward and return the funds to the government.  It was reported on July 03 that Umno Johor Baru division chief Tan Sri Shahrir Abdul Samad confirmed that his personal and his party accounts have been frozen by the 1MDB special taskforce in relation to the misappropriated funds.
 

In a news report carried by Singapore’s Straits Times, it says that local media had reported that Datuk Seri Najib issued cheques from several accounts at AmBank that had a total of RM3.5 billion in funds for political funding and his personal expenses. According to some local media some of the misappropriated 1MDB funds had been channelled into these accounts:-

  • Umno bank accounts - RM600 mil

  • BN coalition - RM300 mil for the 2013 general election

  • RM145 mil - Umno headquarters account 

  • Selangor Umno - RM19 million 

  • Johor Umno - RM25 million

  • MIC - RM15 million

  • MCA - RM11 

  • Orb Solutions Sdn Bhd  - RM62 million from Mr Najib between 2011 and 2014 (a company part-owned by Mr Najib's former aide Amhari Efendi Nazaruddin who was detained on June 25 to assist the MACC in its investigations)

  • Between 2011 and 2014 a total of RM500 million from one account to some 70 individuals, 60 companies and 10 foundations.


The list is sourced from a report by Singapore’s Straits Times, “Up to S$203m channelled from 1MDB to Malaysian political parties”

On July 6, additional Najib-linked accounts were frozen by MACC.  Amongst the frozen accounts, three belongs to Najib's daughter Nooryana Najwa Najib’s accounts of which one is a “Junior Savers” savings account for Najib’s grandson.


On July 07, the Bank Rakyat account set up to help pay Datuk Seri Najib Razak’s RM1 million bail frozen. Umno’s Datuk Zalmah Abdul Rahman opened the account for the #FreeNajib fund two days ago. As of July 07 at 5 pm, the fund has collected RM223,908.

 

Who has the MACC called up for investigation of the 1MDB-linked frozen accounts
June 25 - Mr Najib's former aide Amhari Efendi Nazaruddin
July 2 - Umno president Datuk Seri Dr Ahmad Zahid Hamidi
July 3 - the former Felda chairman, Tan Sri Shahrir Abdul Samad

1MDB Scandal The 1MDB Investigation Committee

Posted on July 04, 2018


The 1MDB investigation committee was set up by the Council of Eminent Persons (CEP) on May 17 to coordinate cross-sector investigation to ensure fair and just application of the law.
The members comprise: 

  • Abu Talib, former Attorney-General (AG) of Malaysia

  • Nik Shahrizal Sulaiman, a partner in risk assurance services at PricewaterhouseCoopers Malaysia

  • Syed Naqiz Shahbuddin Syed Abdul Jabbar, senior partner at Naqiz & Partners

  • Faris Rabidin, senior adviser of Otoritas Jasa Keuangan Indonesia (the Indonesian financial services authority)

  • Cynthia Gabriel, founder of the Centre to Combat Corruption and Cronyism

 

The 1MDB Special Task Force
The task force, under the purview of the CEP, has been tasked to track and recover misappropriated 1MDB monies and assets as well as prosecute those who had committed any criminal activities relating to the management of 1MDB by using the Malaysian Anti-Corruption Commission (MACC) Act, Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (AMLA) Act 2001 and the Penal Code. The special task force provides the progress reports to the 1MDB Investigation Committee.
The members comprise of personalities close and familiar with the case and they are:-

  • Tan Sri Abdul Gani Patail, former Attorney-General 

  • Tan Sri Abu Kassim Mohamed, former Malaysian Anti-Corruption Commission (MACC) chief commissioner 

  • Datuk Seri Mohd Shukri Abdull, current MACC chief commissioner; 

  • Datuk Abdul Hamid Bador, current Bukit Aman Special Branch director

New Malaysia | 1MDB: Najib's Trial |

In the News Snippets & Links 

Jun 18, 2019 Najib's administration approved RM100m loan to repay interests, late payment penalties of SRC’s RM4b loan in 2015, court told

Datuk Seri Najib Razak and his Cabinet had approved a month-long RM100 million short-term loan sourced from government coffers to pay off accumulated interests and late payment penalties in November 2015 over the RM4 billion loan SRC International Sdn Bhd received from the Retirement Fund Incorporated (KWAP).|Read more >|Malaymail

Jun 18, 2019 Najib claimed no vested interest in SRC International during Cabinet meetings, says witness

Datuk Seri Najib Razak declared he had no vested interest in SRC International Sdn Bhd during Cabinet meetings over the granting of government guarantees on the SRC International’s RM4 billion loan applications in August 2011 and February 2012, the High Court heard today.|Read more >|Malaymail

Jun 18, 2019 Najib’s Cabinet did not object to SRC International’s first loan of RM2b, court told

Datuk Seri Najib Razak’s Cabinet had approved SRC International’s Sdn Bhd initial RM2 billion loan with government guarantees without any formal discussions or objections in August 2011, the High Court was told today.|Read more >|Malaymail

Jun 18, 2019 Ismee denies being forced to implicate Najib

One of the main witnesses in Datuk Seri Najib Razak’s corruption and abuse of power trial today denied that he was forced to implicate the former prime minister by the Malaysian Anti-Corruption Commission (MACC).|Read more >|NST

Jun 17, 2019 In Najib trial, documents show top SRC execs colluded on RM140m S. American ‘investment’

Documents suggesting former SRC International Sdn Bhd chief executive Nik Faisal Ariff Kamil had colluded with the company’s former director Datuk Suboh Md Yassin concerning a 2014 transaction of RM140 million that was meant to be invested in South America were revealed at the High Court trial of Datuk Seri Najib Razak today.|Read more >|Malaymail

 

Jun 14, 2019 In Najib trial, ex-SRC director says ‘unusual’ for CEO to issue letters with 1MDB logo

Tan Sri Ismee Ismail today confirmed a peculiarity that Nik Faisal Ariff Kamil had issued letters in 2011 as the then SRC International Sdn Bhd CEO using the 1Malaysia Development Berhad (1MDB) logo.|Read more >|Malaymail

Jun 12, 2019 SRC BOD never informed about application for govt guarantee

The Board of Directors (BOD) of SRC International Sdn Bhd was never informed of the company’s application for government guarantee for a RM3.95 billion loan from the Retirement Fund (Incorporated) (KWAP) in 2011, the High Court was told.|Read more >|SunDaily

Jun 11, 2019 Najib amended SRC International constitution to gain control as ‘adviser emeritus’, says ex-director

Datuk Seri Najib Razak added a clause in the constitution of SRC International Sdn Bhd at an extraordinary general meeting (EGM) to make him the ‘adviser emeritus’ of the company, the High Court heard today.|Read more >|Malaymail

 

Jun 11, 2019 SRC financial resources: RM4b from KWAP, launching grant RM20m from govt

Tan Sri Ismee Ismail, the former board member of SRC International Sdn Bhd, today said SRC resources came from the Retirement Fund Incorporated (KWAP) and a launching grant from the government.|Read more >|SunDaily

Jun 11, 2019 SRC directors visited Swiss bank to check if bulk of KWAP funds kept safe and secured, court told

A former SRC International Sdn Bhd director told the High Court today the entire SRC International board of director visited Swiss-bank BSI (renamed EFG International) headquarters in September 2013 to seek confirmation if RM1.5 billion from the Retirement Fund Incorporated (KWAP) deposited there were kept safe and secure.|Read more >|Malaymail

 

Jun 10, 2019 I resigned as I did not agree with CEO: Witness

A former 1Malaysia Development Berhad (1MDB) non-executive director told the High Court here that he resigned from SRC International Sdn Bhd as he did not agree with the CEO’s management of the company’s accounts and finance.|Read more >|SunDaily

Jun 10, 2019 Ex-KWAP CEO: Najib was my 'ultimate boss'

The former chief executive officer (CEO) of Retirement Fund Incorporated (KWAP), which gave a RM4 billion loan to a RM2 startup company linked to 1Malaysia Development Bhd (1MDB) today described how Datuk Seri Najib Razak had ‘influenced’ the decision.|Read more >|NST

 

Jun, 2019 Sole link between Najib and SRC was its CEO Nik Faisal

The High Court here was told that SRC International Sdn Bhd CEO Nik Faisal Ariff Kamil was the sole link between the company and the then-prime minister Datuk Seri Najib Razak.|Read more >|TheStar

Jun, 2019 SRC trial: Witness says Najib had influence over KWAP loan decision

The High Court here was told that former prime minister Datuk Seri Najib Tun Razak had influence over the Retirement Fund Incorporated's (KWAP) decision to grant a loan to SRC International Sdn Bhd.|Read more >|TheStar

May 31, 2019 Quick recap of Najib’s trial this week

The trial of former prime minister Datuk Seri Najib Tun Razak who is facing seven charges involving SRC International Sdn Bhd’s funds totalling RM42 million has seen more revelations on how SRC has secured two loans of RM4 billion in 2011 and 2012 from the Retirement Fund Incorporated (KWAP) despite not meeting the loan requirements.|Read more >|BorneoPost

May 30, 2019 Despite Najib’s handwritten approval, ex-KWAP CEO says no compulsion to approve loan

Civil servants’ pension fund KWAP’s investment panel did not feel that it had to approve a multi-billion ringgit loan that was sought by SRC International Sdn Bhd because of a handwritten note of approval by Datuk Seri Najib Razak, KWAP’s former CEO said today.|Read more >|Malaymail

 

May 29, 2019 RM4b loan to SRC among highest approved by KWAP: Ex-CEO

Retirement Fund Incorporated (KWAP) former chief executive officer (CEO) Datuk Azian Mohd Noh said the RM4 billion loan to SRC International Sdn Bhd was among the highest approved by the statutory body.|Read more >|SunDaily

May 29, 2019 Najib 'shocked and upset' after finding out millions banked into his accounts

The trial of former Prime Minister Datuk Seri Najib Razak relating to RM42 million of SRC International Sdn Bhd’s funds is set to commence at 9am until 3.30pm during Ramadan, which will start next week. |Read more >|NST

 

May 29, 2019 Application by SRC for RM3.95bil did not follow loan policy

The High Court was told that an application letter by SRC International Sdn Bhd for a RM3.95bil loan did not follow the procedural requirement needed by Retirement Fund Incorporated (KWAP).|Read more >|TheStar

 

New Malaysia | 1MDB: Najib's SRC Trial |

In the News Snippets & Links

 

Jul 29, 2019 Jho Low desperate to stop Najib’s cheques from bouncing: Former banker

The High Court was told today that fugitive businessman Low Taek Jho or Jho Low seemed desperate to stop the cheques of former prime minister Datuk Seri Najib Abdul Razak from his three AmBank accounts from bouncing.|Read more >|SunDaily

Jul 29, 2019 RM1.13b transferred to Najib’s accounts between 2011 and 2013

An ex-banker who handled Datuk Seri Najib Abdul Razak’s accounts at AmBank told the High Court here today that RM1.13 billion was transferred into the former premier’s accounts between 2011 and 2013.|Read more >|SunDaily

Jul 29, 2019 Jho Low refers US dollar, Ringgit as ‘pie’ and ‘satay’: Witness

A former AmBank relationship manager told the High Court here today that fugitive businessman Low Taek Jho (pix), who is also known as Jho Low, referred to the US dollar and Ringgit as “pie” and “satay” in transactions involving Datuk Seri Najib Tun Razak’s accounts.|Read more >|SunDaily

Jul 29, 2019 ‘Najib admitted to RM42mil in bank’

The High Court was told that Datuk Seri Najib Razak had admitted, in a defamation suit, that RM42mil from SRC International Sdn Bhd went into his personal bank accounts.|Read more >|TheStar

Jul 29, 2019 SRC Trial: Witness testifies how Jho Low was liaison between Najib and AmBank despite Nik Faisal being mandated trustee

A witness in Datuk Seri Najib Razak’s RM42 million SRC International Sdn Bhd trial today testified how she was under the impression that fugitive financier Low Taek Jho was the main man controlling the flow of cash in and out of Najib’s personal bank accounts.|Read more >|Malaymail

Jul 22, 2019 ‘We didn’t want it to come out that PM of Malaysia didn’t have funds’, ex-AmBank manager tells Najib trial

A former AmBank relationship manager disclosed in court today that Datuk Seri Najib Razak’s reputation as the then prime minister would have been badly damaged if word had leaked that cheques he issued from an overdrawn account had bounced.|Read more >|Malaymail

 

Jul 22, 2019 Jho Low requested for Najib’s accounts to be identified by code: Witness

Fugitive businessman Low Taek Jho (pix) who is also known as Jho Low had requested for Datuk Seri Najib Tun Razak’s bank accounts to be identified by a code name for confidentiality reasons.|Read more >|SunDaily

 

Jul 22, 2019 Jho Low relayed messages purportedly from Najib to AmInvestment Bank

The High Court heard today (Mon, July 22) that fugitive businessman Low Taek Jho had on occasions relayed messages, purportedly from Datuk Seri Najib Razak, to the relationship manager at AmInvestment Bank Bhd, who was handling the former prime minister's accounts.|Read more >|TheStar

Jul 22, 2019 Jho Low was AmBank’s alternative contact for Najib’s accounts, ex-manager tells SRC trial

A former AmBank relationship manager told the High Court today that Jho Low was the go-to-person if the bank was unable to contact the main person mandated by Datuk Seri Najib Razak to act for his accounts.|Read more >|Malaymail

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New Malaysia | 1MDB: Najib's SRC Trial |

In the News Snippets & Links 

Jul 22, 2019 ‘We didn’t want it to come out that PM of Malaysia didn’t have funds’, ex-AmBank manager tells Najib trial

A former AmBank relationship manager disclosed in court today that Datuk Seri Najib Razak’s reputation as the then prime minister would have been badly damaged if word had leaked that cheques he issued from an overdrawn account had bounced.|Read more >|Malaymail

 

Jul 22, 2019 Jho Low requested for Najib’s accounts to be identified by code: Witness

Fugitive businessman Low Taek Jho (pix) who is also known as Jho Low had requested for Datuk Seri Najib Tun Razak’s bank accounts to be identified by a code name for confidentiality reasons.|Read more >|SunDaily

 

Jul 22, 2019 Jho Low relayed messages purportedly from Najib to AmInvestment Bank

The High Court heard today (Mon, July 22) that fugitive businessman Low Taek Jho had on occasions relayed messages, purportedly from Datuk Seri Najib Razak, to the relationship manager at AmInvestment Bank Bhd, who was handling the former prime minister's accounts.|Read more >|TheStar

Jul 22, 2019 Jho Low was AmBank’s alternative contact for Najib’s accounts, ex-manager tells SRC trial

A former AmBank relationship manager told the High Court today that Jho Low was the go-to-person if the bank was unable to contact the main person mandated by Datuk Seri Najib Razak to act for his accounts.|