Najib to be Detained Overnight, to be Charged over RM2.6B Tomorrow

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The Malaysian Anti-Corruption Commission (MACC) announced this afternoon the arrest of Datuk Seri Najib Razak some two hours after he was summoned for questioning at its headquarters in Putrajaya.

  • Najib arrived at MACC HQ at 2pm, arrested after two hours of questioning
  • Having statement recorded in regard to 700 cheques linked to 1MDB scandal
  • Will be presented at Sessions Court at 3pm tomorrow

The commission also confirmed that the former prime minister is being investigated over a controversial RM2.6 billion donation banked into his personal account, supposedly from a Saudi Arabian royal in 2014.

“The arrest was made at 4.13pm today at the MACC Headquarters in Putrajaya.

“Mohd Najib will face several charges under Section 23(1) of the Malaysian Anti-Corruption Act 2009 after prosecution permission is obtained from the Attorney-General’s Chambers,” the MACC said in a statement.

It was reported that MACC officers are now recording Najib’s statement in regard to 700 cheques linked to the 1MDB scandal.

The MACC will also cooperate with the police to record Najib’s statement before he is taken to the Sessions Court in Jalan Duta at 3pm tomorrow.

“This is to help their investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001,” it said.

Tomorrow will be Najib’s third time in the court to face charges.

He was first charged in July with three counts of criminal breach of trust and one charge for abuse of power involving some RM42 million allegedly funnelled to his private bank account from former 1MDB subsidiary SRC International Sdn Bhd.

Last month, he was charged again with three counts of money laundering amounting to RM42 million under Section 4 (1)(b) of Anti-Money Laundering Act, Anti-Terrorism Financing Act and Proceeds of Unlawful Activities Act (Amla) 2001.

He pleaded not guilty to all charges.

The High Court fixed Feb 12 to Feb 28 and March 4 to March 29 next year for trial.

Recently, Najib said he did not disclose evidence related to the RM2.6 billion in his bank account due to a request by the late Saudi King, Abdullah Abdul Aziz, to keep the matter confidential.

The RM2.6 billion was a ringgit conversion from the US$681 million he received in his personal account at the end of March 2013, just before GE13 on May 5, 2013.

“As mentioned several times before, I was entrusted by the party to source for funds and manage the party’s money.

“Like most other people, I have several personal accounts in various banks and the account which received the said funds was not for personal use but for use of political activities,” he said.

Najib said the US$681 million was received in two transactions on March 21 and March 25, 2013, before the 13th general election.

He said in July of that year, Ambank took some time to convert the ringgit in the account to US dollars, and the funds were returned to the source, which was Tanore (Finance Corporation).

“Because the exchange rate had already experienced a 10% depreciation from March to August, only US$620 million was returned compared with the US$681 million received.”

He denied keeping the money, adding that if he had wanted to steal, it would not make sense for him to place it in an account under his own name.

Yesterday, it was reported that Najib’s wife Rosmah Mansor could also face up to 20 criminal charges soon – most of them related to money laundering.

Last Friday, Najib’s lawyer Shafee Abdullah was slapped with four charges of money laundering involving RM9.5 million he had received from Najib.