D-Day for Najib
Will former prime minister Datuk Seri Najib Razak be ordered to enter his defence or be released in the SRC International Sdn Bhd case where he is alleged to have misappropriated RM42mil? The court will rule today.
7 CHARGES 1 abuse of power charge
received rM42mil in exchange for government’s guarantees for loans from the retirement Fund Inc to SrC International amounting rM4bil
Law: Section 23(1) of the MaCC act 2009
Punishment: maximum 20 years of jail and a fine of not less than five times the value of gratification or rM10,000, whichever is higher
3 criminal breach of trust (CBT) charges
CbT of rM27mil CbT of rM5mil CbT of rM10mil Law: Section 409 of the Penal Code Punishment: maximum jail term of 20 years, whipping and a fine
3 money laundering charges
received rM27mil, rM5mil and rM10mil respectively in his bank account
Law: Section 4(1)(b) of anti-Money Laundering, anti-Terrorism Financing and Proceeds of Unlawful activities act 2001
Punishment: maximum 15 years jail and a fine up to rM5mil or five times the amount, whichever is higher, for each charge Presiding High Court judge: Justice Mohd nazlan Mohd Ghazali
Prosecution team: Attorney General Tan Sri Tommy Thomas (lead)
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Defence team: Tan Sri Muhammad Shafee Abdullah (lead)
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