Mon 07 October 2019:
Malaysia has fined 80 individuals and entities, including politicians and businesses, for allegedly receiving money from state fund 1Malaysia Development Berhad (1MDB), the country’s anti-graft chief said on Monday.
The individuals include former Prime Minister Najib Razak’s brother, Nazir Razak, who was chairman of Malaysia’s second-largest bank CIMB until his resignation at the end of 2018.
Former Malaysian trade minister Shahrir Abdul Samad, who was later the chairman of state palm oil agency Felda, and former deputy trade minister Ahmad Maslan were also issued compound notices.
Latheefa Koya, the head of Malaysia’s Anti-Corruption Commission (MACC), told reporters on Monday that the agency was aiming to recover 420 million ringgit ($100m) from individuals and entities who had allegedly received funds laundered through accounts linked to Najib.
Funds had also been distributed to companies, political parties and organisations linked to Najib’s coalition, a list provided by the MACC and sighted by Al Jazeera showed.
This included entities under the previous ruling coalition, Barisan Nasional, and component parties United Malays National Organisation (UMNO), the Malaysian Chinese Association and the Malaysian Indian Congress.
Malaysian and US investigators say about $4.5bn was misappropriated from 1MDB, set up in 2009 by Najib.
“We have issued compound notices against all of these people and entities for the purpose of them to pay up the fine,” Latheefa said, adding that they could be fined up to 2.5 times the amount received.
She said that the largest single sum being asked for was 134 million ringgit ($32m) from an entity.
Individuals who failed to pay their fines could face action against them by the MACC.
Najib, who lost a general election last year, is now facing dozens of corruption and money laundering charges over allegations that he received about $1bn in 1MDB funds. He has pleaded not guilty.
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