Former Prime Minister Datuk Seri Najib Tun Razak was granted a discharge not amounting to an acquittal (DNAA) by the High Court today (June 20), on 3 counts of money laundering involving RM27 million of SRC International Sdn. Bhd.
According to a report by Sinar Harian, Najib was charged with 3 counts of receiving money totalling RM27 million from illegal activities through 3 of his AmPrivate Banking bank accounts, at AmIslamic Bank Berhad, Bangunan Ambank Group, Jalan Raja Chulan.
The charge is under Section 4(1)(a) of the Prevention of Money Laundering and Counter-Terrorism Financing Act 2001, which carries a maximum sentence of 5 years in prison or a fine of RM5 million or both, if convicted.
Najib has been serving his sentence at the Kajang Prison since August 23, 2022, after being convicted of misappropriating RM42 million of SRC International funds.
The High Court had previously sentenced him to 12 years in prison and a fine of RM210 million, and the decision was upheld by the Court of Appeal and the Federal Court after dismissing Najib’s appeal.
He filed a petition for a royal pardon on September 2, 2022, and the Pardon Board subsequently reduced his prison sentence from 12 years to 6 years, while the fine was reduced from RM210 million to RM50 million.
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