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Najib, Serigar to be charged in relation to 1MDB debt payments to IPIC

theedgemarkets.com
theedgemarkets.com • 2 min read
Najib, Serigar to be charged in relation to 1MDB debt payments to IPIC
KUALA LUMPUR (Oct 23): Former Prime Minister Datuk Seri Najib Razak and former Treasury Secretary-General Tan Sri Mohd Irwan Siregar Abdullah are expected to be charged in connection with the 1Malaysia Development Berhad (1MDB) debt payments to Internatio
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KUALA LUMPUR (Oct 23): Former Prime Minister Datuk Seri Najib Razak and former Treasury Secretary-General Tan Sri Mohd Irwan Siregar Abdullah are expected to be charged in connection with the 1Malaysia Development Berhad (1MDB) debt payments to International Petroleum Investment Co (IPIC) on Thursday.

“Both of them will be charged on Thursday,” a Malaysian Anti-Corruption Commission (MACC) source told Bernama. He refused to make any further comment.

Bernama had earlier reported that Najib and Mohd Irwan Siregar have been summoned to present themselves at the MACC headquarters in Putrajaya tomorrow.

According to MACC sources, both of them were asked to turn up at 2 pm to have their statements recorded with regard to the 1MDB debt payments to the IPIC.

Najib had given his statements to facilitate the MACC’s investigations into the case several times before.

On July 4, the former premier pleaded not guilty in the High Court to three charges of criminal breach of trust (CBT) and one count of abuse of power over funds totalling RM42 million belonging to SRC International Sdn Bhd.

On Aug 8, he was charged in the Sessions Court with three counts of having received RM42 million in proceeds from unlawful activities into two of his accounts four years ago, with the money belonging to SRC International Sdn Bhd.

On Sept 20, Najib was charged in the Sessions Court with 21 counts of money laundering and four counts of corruption involving RM2.282 billion in 1MDB funds.

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