Former Malaysian Prime Minister Najib Razak’s bank account is no longer frozen, said Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner Azam Baki.
Former Malaysian Prime Minister Najib Razak. (Photo: Reuters)
Kuala Lumpur (VNA) – Former Malaysian Prime Minister NajibRazak’s bank account is no longer frozen, said Malaysian Anti-CorruptionCommission (MACC) deputy chief commissioner Azam Baki.
The decision to unfreeze Najib’s personal account was made after theMACC found it has no relation with its investigation into the 1MalaysiaDevelopment Berhad (1MDB) scandal, the Malaysia-based News Strait Times quotedhim as saying.
The MACC also discovered that the account, which was unfrozen on July16, has no links to SRC International Sdn Bhd (SRC), 1MDB’s subsidiary, hesaid, adding that the bank accounts owned by the former PM’s children were alsounfrozen.
On July 2, the MACC announced it had frozen 408 bank accounts with atotal sum of 1.1 billion ringgit (272 million USD) as part of its investigationinto 1MDB. This action was carried out from June 26-29, involving 81 people and55 companies.
Former Malaysian PM Najib Razak was arrested on July 3for corruption-related charges over his involvement in the multi-billion-dollar1MBD scandal.
He was charged with three counts of criminal breach oftrust in his former posts as a prime minister and minister of finance, inassociation with the transfer of 42 million ringgit, or 10 million USD, fromSRC to his personal bank accounts between August 2011 and March 2015. He alsofaced one count of corruption.
Each count carries a fine and a sentence of up to 20 years in prison. However,he pleaded not guilty to all charges at the court.
Najib founded the 1MDB investment fund in 2009,supposedly to serve Malaysia’s development through global partnerships andforeign direct investment.
However, it became the centre of a money laundering scandal, allegedly causinglosses of up to 3.7 billion USD and leading to probes into the financialmarkets in several countries such as the US, Switzerland, Singapore, Malaysiaand China.
From the raids on several of Najib’s properties in Kuala Lumpur, police seizedvaluables worth up to 273 million USD. His trial is scheduled to begin inFebruary next year.-VNA
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Former Malaysian Prime Minister Najib Razak. (Photo: Reuters)
