Latest news with #Anti-MoneyLaunderingandAnti-TerrorismFinancingAct2001
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New Straits Times
25-06-2025
- Business
- New Straits Times
Highway probe: RM11mil misappropriated converted into digital currency [WATCH]
PUTRAJAYA: In a new development, at least RM11 million in misappropriated sukuk funds meant for a highway extension project was converted into digital currency. Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki said the digital currency was then used for undisclosed purposes. "We are now tracing how the funds were withdrawn and used," he told reporters today. He said the money is believed to have been siphoned from sukuk funds and spent via digital means, which is now under detailed investigation. "Further investigations are ongoing, including examining the connections between these transactions and several other witnesses," he said, adding that at least 10 more people will be called soon as the probe continues actively. Azam said to date, the MACC has recorded statements from 55 individuals and made nine arrests. "A number of raids have also been carried out, including at the suspect's residence. "In total, 14 individual bank accounts and eight company accounts have been frozen, involving funds amounting to RM156 million," he said, adding that the investigation is being conducted under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001. He said the probe also involves embezzlement activities linked to unlicensed alcohol and gambling, believed to involve RM25 million from the misappropriated sukuk funds. "We expect to complete the investigation within two months, possibly earlier. "We will provide updates as needed," he added. Earlier, it was reported that around 20 witnesses would be called by the MACC as part of its ongoing investigation into the alleged misappropriation of sukuk funds meant for the construction of a highway in the Klang Valley. This includes recalling witnesses who had previously given statements to gather further information on the fund, which is worth millions of ringgit. The investigation team is scrutinising various documents, including bank records, and recording statements from bank personnel to verify the contents of those records. So far, the MACC has seized RM141 million worth of assets in Malaysia linked to the case and is currently tracking RM15 million in foreign assets.
The Sun
21-06-2025
- Business
- The Sun
A-GC denies flawed prosecution in Najib's second SRC case
KUALA LUMPUR: The Attorney General's Chambers (AGC) has dismissed as baseless allegations that it carried out a 'flawed prosecution' in the second SRC International Sdn Bhd case involving Datuk Seri Najib Tun Razak. In a statement, the AGC reiterated its firm commitment to upholding the rule of law and stated that it would continue to fulfill its responsibilities under the Federal Constitution with integrity, fairness and respect for the judicial process. However, the AGC acknowledged the decision by High Court Judge K Muniandy to grant Najib a discharge not amounting to an acquittal (DNAA) on three charges of money laundering involving RM27 million in funds from the company. 'The case was registered in the High Court on Feb 7, 2019, and scheduled for trial on five occasions: June 2020, July to August 2021, March to April 2022, September 2024 and April to May 2025. 'However, all trial dates were postponed due to the Movement Control Order caused by the COVID-19 pandemic, requests by the defence, or applications by the prosecution itself,' the statement read. According to the statement, the prosecution's requests for postponement were due to the ongoing trial of the first SRC case, which proceeded at the High Court, Court of Appeal and Federal Court until its completion on March 31, 2023. At the same time, the trial proceedings for the 1Malaysia Development Berhad (1MDB) case had also begun while the first SRC case was still ongoing. 'Both cases involved overlapping material documents required for the second SRC trial. 'As these documents were critical to the second SRC case, the prosecution had no choice but to wait until they were available, which was until the 1MDB trial proceedings were completed. 'It must be emphasised that the material documents are available but are currently being used as evidence in the ongoing 1MDB trial,' the AGC said. The AGC further stated that the prosecution had requested additional time to gather all relevant material documents to be presented as evidence in the second SRC trial. 'This delay was not intentional but was to ensure the integrity of the documents as evidence in the trial is preserved,' the statement read. Earlier today, Judge Muniandy, in granting Najib a DNAA on the three charges, stated that the case had been pending for six years since 2019, without any witness testimony being presented, having faced multiple postponements, which indicated that the prosecution was not ready to proceed with the trial. On Feb 3, 2019, Najib claimed trial to three charges of money laundering by accepting illegal proceeds amounting to RM27 million through his three AmPrivate Banking accounts at AmIslamic Bank Berhad, AmBank Group Building, Jalan Raja Chulan on July 8, 2014. The former Pekan MP was charged under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which is punishable by a maximum fine of RM5 million or imprisonment of up to five years, or both upon conviction. Najib is currently serving a jail term in Kajang Prison for the misappropriation of RM42 million in the SRC International funds case. On Sept 2, 2022, he filed a petition for a royal pardon, which led to the Pardons Board halving his jail term from 12 to six years and reducing the fine from RM210 million to RM50 million on Jan 29, 2024.
The Sun
21-06-2025
- Business
- The Sun
AGC rejects claims of ‘flawed prosecution' after Najib's DNAA in second SRC case
KUALA LUMPUR: The Attorney General's Chambers (AGC) has dismissed as baseless allegations that it carried out a 'flawed prosecution' in the second SRC International Sdn Bhd case involving Datuk Seri Najib Tun Razak. In a statement, the AGC reiterated its firm commitment to upholding the rule of law and stated that it would continue to fulfill its responsibilities under the Federal Constitution with integrity, fairness and respect for the judicial process. However, the AGC acknowledged the decision by High Court Judge K Muniandy to grant Najib a discharge not amounting to an acquittal (DNAA) on three charges of money laundering involving RM27 million in funds from the company. 'The case was registered in the High Court on Feb 7, 2019, and scheduled for trial on five occasions: June 2020, July to August 2021, March to April 2022, September 2024 and April to May 2025. 'However, all trial dates were postponed due to the Movement Control Order caused by the COVID-19 pandemic, requests by the defence, or applications by the prosecution itself,' the statement read. According to the statement, the prosecution's requests for postponement were due to the ongoing trial of the first SRC case, which proceeded at the High Court, Court of Appeal and Federal Court until its completion on March 31, 2023. At the same time, the trial proceedings for the 1Malaysia Development Berhad (1MDB) case had also begun while the first SRC case was still ongoing. 'Both cases involved overlapping material documents required for the second SRC trial. 'As these documents were critical to the second SRC case, the prosecution had no choice but to wait until they were available, which was until the 1MDB trial proceedings were completed. 'It must be emphasised that the material documents are available but are currently being used as evidence in the ongoing 1MDB trial,' the AGC said. The AGC further stated that the prosecution had requested additional time to gather all relevant material documents to be presented as evidence in the second SRC trial. 'This delay was not intentional but was to ensure the integrity of the documents as evidence in the trial is preserved,' the statement read. Earlier today, Judge Muniandy, in granting Najib a DNAA on the three charges, stated that the case had been pending for six years since 2019, without any witness testimony being presented, having faced multiple postponements, which indicated that the prosecution was not ready to proceed with the trial. On Feb 3, 2019, Najib claimed trial to three charges of money laundering by accepting illegal proceeds amounting to RM27 million through his three AmPrivate Banking accounts at AmIslamic Bank Berhad, AmBank Group Building, Jalan Raja Chulan on July 8, 2014. The former Pekan MP was charged under Section 4 (1) (a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which is punishable by a maximum fine of RM5 million or imprisonment of up to five years, or both upon conviction. Najib is currently serving a jail term in Kajang Prison for the misappropriation of RM42 million in the SRC International funds case. On Sept 2, 2022, he filed a petition for a royal pardon, which led to the Pardons Board halving his jail term from 12 to six years and reducing the fine from RM210 million to RM50 million on Jan 29, 2024.
The Star
21-06-2025
- Politics
- The Star
PM: Najib's DNAA is a judicial matter, I didn't interfere
PUCHONG: Datuk Seri Anwar Ibrahim asserted that he had no involvement in the court's decision to discharge former prime minister Datuk Seri Najib Razak of three money laundering charges involving RM27mil from SRC International Sdn Bhd. 'That is the judge's decision and the Attorney General's. I do not interfere,' the Prime Minister said briefly when approached by reporters after performing Friday prayers at the Kampung Sri Aman Mosque here yesterday. Anwar was commenting on High Court judge Justice K. Muniandy granting a discharge not amounting to acquittal (DNAA) to Najib yesterday following a request from the latter's defence team, Bernama reported. The grounds given by the judge was that the prosecution lacked the preparedness to proceed with trial and that the case had been postponed too many times since 2019. The court was informed that the prosecution had yet to obtain the necessary documentary evidence. The delay, the judge noted, had denied the accused the right to a fair and timely resolution of the case. A DNAA means the accused is temporarily discharged from the charges, but may still be prosecuted for the same offences in the future if the prosecution decides to reinstate them. The current case, which was discharged yesterday, involves three charges of money laundering involving RM27mil, allegedly received through Najib's three AmPrivate Banking accounts at AmIslamic Bank Bhd, AmBank Group Building, Jalan Raja Chulan, on July 8, 2014. Najib had on Feb 3, 2019, claimed trial to the charges under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which carries a maximum fine of RM5mil, up to five years' imprisonment, or both, upon conviction. The former Umno president is currently serving a jail term in Kajang Prison for another case of misappropriating RM42mil in SRC International funds. On Sept 2, 2022, he filed a petition for a royal pardon. On Jan 29, 2024, the Pardons Board halved his jail sentence from 12 to six years and reduced his fine from RM210mil to RM50mil.
Sinar Daily
20-06-2025
- Politics
- Sinar Daily
Umno leaders react with gratitude after Najib receives DNAA in RM27 million SRC case
High Court grants Najib DNAA in second SRC case, drawing 'Alhamdulillah' from Umno Former prime minister Datuk Seri Najib Razak (third from left) seen at the Kuala Lumpur Court Complex. - Bernama file photo SHAH ALAM – A majority of Umno leaders have expressed their gratitude following the High Court's decision to grant a discharge not amounting to an acquittal (DNAA) to Datuk Seri Najib Razak on three charges of money laundering involving RM27 million in SRC International Sdn Bhd funds. The party's secretary-general, Datuk Asyraf Wajdi Dusuki posted a brief response on Facebook stating, 'Alhamdulillah.' Similar reactions were shared by Umno Youth Chief Datuk Dr Mohamad Akmal Saleh and Women's Exco member Datuk Nurulhidayah Ahmad Zahid on their social media pages. Najib, a former prime minister and Umno president, was first charged on February 3, 2019, for allegedly receiving RM27 million from illicit sources via three AmPrivate Banking accounts at AmIslamic Bank Berhad, located at the AmBank Group Building, Jalan Raja Chulan, on July 8, 2014. The charges were framed under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which carries a maximum penalty of five years' imprisonment or a fine of RM5 million, or both, upon conviction. The former Pekan MP is currently serving a sentence at Kajang Prison since August 23, 2022, after being convicted of misappropriating RM42 million in SRC International funds. The High Court had sentenced him to 12 years in prison and fined him RM210 million, a decision that was upheld by both the Court of Appeal and the Federal Court following the rejection of Najib's appeal.
