Latest news with #DatukSeriNajibTunRazak
The Sun
a day ago
- Politics
- The Sun
Federal Court reserves decision on AG's appeal over Najib house arrest document
PUTRAJAYA: The Federal Court has deferred its decision on the Attorney General's appeal concerning a purported document that may allow former prime minister Datuk Seri Najib Tun Razak to complete his prison sentence under house arrest. A three-judge panel led by Chief Judge of Malaya Tan Sri Hasnah Mohammed Hashim heard arguments from both sides before reserving judgment. Senior federal counsel Shamsul Bolhassan represented the Attorney General, while Najib's legal team was led by Tan Sri Muhammad Shafee Abdullah. The court will announce its ruling at a later date. The appeal follows a Court of Appeal decision in January that sent Najib's application back to the High Court for review. The case revolves around the alleged existence of an additional document linked to Najib's imprisonment. Najib is currently serving a six-year sentence after the Federal Court upheld his conviction in the SRC International case. His original 12-year term was halved by the Pardons Board in February 2023, with his fine reduced from RM210 million to RM50 million. During proceedings, Muhammad Shafee argued that the document's confidential nature prevented earlier disclosure. He stated that Najib's son obtained the document after the High Court ruling but could not use it without royal consent. Shamsul acknowledged the document's existence but stressed that proper legal procedures must be followed for its submission. - Bernama
The Sun
2 days ago
- Business
- The Sun
SRC International board responsible for transactions, Najib's lawyer argues
KUALA LUMPUR: The High Court was informed that the board of directors and management of SRC International Sdn Bhd held responsibility for the company's financial transactions, not Datuk Seri Najib Tun Razak. Muhammad Farhan Muhammad Shafee, Najib's lawyer, argued that his client did not have exclusive control over SRC's operations or the handling of funds obtained from the Retirement Fund Inc (KWAP). 'The board executed all relevant transactions and bore responsibility for oversight. If any misappropriation occurred, it was due to the board's own decisions,' he said. The submission was made during the hearing of SRC's USD1.18 billion civil suit against Najib and former CEO Nik Faisal Ariff Kamil, who remains at large. Muhammad Farhan contended that Najib neither controlled the board's decisions nor owed fiduciary duties as a director. 'Any formal roles or shareholder approval rights he held were part of lawful governance structures and did not make him the 'controlling mind' of SRC in breach of duty,' he said before Judge Datuk Ahmad Fairuz Zainol Abidin. SRC, under new management, filed the suit in May 2021, alleging Najib breached trust, abused power, and misappropriated funds. The company seeks repayment of RM42 million in losses. Najib is currently serving a reduced six-year jail term for misappropriating SRC funds. His petition for a royal pardon led to a halved sentence and a reduced fine of RM50 million. The case resumes on Aug 25. - Bernama
The Star
3 days ago
- Business
- The Star
SRC International meant for the people, but it was Najib who benefitted, court hears
KUALA LUMPUR: SRC International Sdn Bhd was intended to serve the rakyat but in reality, it was used to benefit Datuk Seri Najib Tun Razak, the High Court here heard. Lawyer Datuk Lim Chee Wee, representing the company, submitted that instead of fulfilling its intended public purpose, SRC International became both a vehicle and a victim of large-scale fraud, with the former prime minister as its primary beneficiary. He was submitting on Monday (July 7) during the hearing of SRC International's US$1.18bil civil suit against Najib and former SRC chief executive officer Nik Faisal Ariff Kamil, who is currently at large. ALSO READ: I expected briefing from authorities, says Najib on 'complicated' Swiss case involving frozen RM3.6bil SRC funds "The very funds misappropriated through SRC were pensioners' money from the Retirement Fund Inc (KWAP). "While SRC International suffered a devastating loss of US$1.18bil, the first defendant (Najib) personally received US$120mil into his own accounts and RM42mil, which is the subject of a separate suit. "He also utilised his role as the shadow director of the company, where he controlled the company's board via shareholder resolutions on important macro-decisions that ought to have been made by the SRC board itself,' he added. ALSO READ: Najib: SRC International board did not verify matters with me Lim also said that, as the shadow director of the company, Najib signed shareholder resolutions to approve and obtain a RM4bil KWAP loan and to disburse RM3.6bil from that loan for illegitimate purposes. "This culminated in Najib being the ultimate mastermind behind the catastrophic loss of US$1.18bil,' he said this before Justice Datuk Ahmad Fairuz Zainol Abidin. The hearing continues on Tuesday (July 8). In May 2021, SRC, under its new management, filed the suit, claiming that Najib had committed a breach of trust and power abuse, personally benefitted from the company's funds, and misappropriated the said funds. ALSO READ: Najib controlled all aspects of SRC, says former director It also seeks a court declaration that Najib is responsible for the company's losses due to his breach of duties and trust, and for Najib to pay back the RM42mil in losses that it suffered. Najib is currently serving a jail term in Kajang Prison for the misappropriation of RM42mil from SRC International. On Sept 2, 2022, he filed a petition for a royal pardon, which led to the Pardons Board halving his jail term from 12 to six years and reducing the fine from RM210mil to RM50mil on Jan 29 last year. – Bernama
Borneo Post
21-06-2025
- Politics
- Borneo Post
CSO Platform for Reform: Make MACC fully independent to restore public trust
KUCHING (June 21): The government must establish a fully independent Malaysian Anti-Corruption Commission (MACC) to carry out impartial investigations and prosecutions of all corruption cases, including those involving high-ranking officials, said CSO Platform for Reform. In a statement today, the coalition stressed that only a truly autonomous MACC can help restore and strengthen public confidence in Malaysia's anti-corruption efforts. It also called for a clear separation between the roles of the Attorney-General (AG) and the Public Prosecutor (PP), independent from the Prime Minister's Office, to ensure that prosecutorial decisions are made without political influence or interference. 'This essential structural reform will uphold the rule of law and ensure that justice is carried out fairly and transparently. By distinctly separating these functions, both the AG and PP can perform their duties with full integrity, thereby strengthening the credibility and impartiality of Malaysia's legal system,' it said in a statement today. The call comes in response to the recent Kuala Lumpur High Court decision to grant former prime minister Datuk Seri Najib Tun Razak a discharge not amounting to an acquittal (DNAA) on three money laundering charges related to SRC International, a former subsidiary of 1MDB. CSO Platform for Reform also called for a strong and unwavering commitment from all levels of government, including both state and federal authorities, to actively combat corruption in all its forms. It emphasised that the government must respect and protect the rights of all groups and individuals who peacefully demand anti-corruption measures through demonstrations and public assemblies. 'Upholding the right to peaceful protest is essential for a vibrant democracy and allows citizens to express their concerns and advocate for transparency and accountability without fear of repression or intimidation. Ensuring these rights strengthens civic engagement and supports the broader fight against corruption in Malaysia.' CSO Platform for Reform pointed out that Najib's DNAA in this high-profile 1MDB-linked case highlights ongoing challenges within the country's legal system in addressing corruption involving powerful figures. 'Despite his conviction and imprisonment on other related charges, this development reflects the complexities and procedural hurdles that can affect the timely and thorough prosecution of such cases. 'The use of DNAA in this context underscores concerns about the pace and effectiveness of legal proceedings in corruption trials, which can contribute to public skepticism and affect confidence in the justice system,' it explained. According to CSO Platform for Reform, corruption remains a widespread issue affecting all regions of the country, posing a serious threat to the health and stability of Malaysia's democratic system.
Focus Malaysia
20-06-2025
- Business
- Focus Malaysia
Najib granted DNAA in RM27mil SRC money laundering case
THE Kuala Lumpur High Court has granted a discharge not amounting to an acquittal (DNAA) to former prime minister Datuk Seri Najib Tun Razak over three money laundering charges involving RM27 mil from SRC International Sdn Bhd. Justice K. Muniandy made the decision after allowing Najib's application for the DNAA. 'In the present case there is nothing to show that the prosecution is able to proceed with the case for the time being, or proceed within a reasonable time,' the judge was quoted as saying in his brief judgement. 'Thus, it is unlikely that the case could proceed expeditiously in the short future.' Muniandy further noted that for six years since the case was first brought against the former premier in 2019, no witness testimony has been pursued except for an array of postponements. 'This court is also mindful of the prevailing fact that the preferred charges against the accused date back to the offence being committed in the year 2014, now it is 2025, and the case has not taken off for trial. 'By the virtue of these factors, the most appropriate order is for this court to discharge the accused person without acquitting him so he's not saddled with the charges preferred against him,' he added. 'Once the accused is charged in court, the charge cannot be hanging over its head for an indeterminate or indefinite period. That would be harsh and illegal.' With today's DNAA, Najib has only the 1MDB trial still pending. He is currently serving a jail term for the misappropriation of RM42 mil in the SRC International funds case. He was also previously acquitted over the removal of key information from the auditor-general's 2016 report on 1MDB, and granted a DNAA in his RM6.6 bil International Petroleum Investment Company (IPIC) criminal breach of trust case. Last week, Najib's counsel Tan Sri Muhammad Shafee Abdullah had submitted that it was unfair for his client to wait indefinitely for a fixed trial date as the prosecution was unable to provide a timeline to gather exhibits used in the previous SRC trial. Shafee also urged the court to grant his client a DNAA in the interest of justice as trial has been indefinitely postponed since 2019. A DNAA means an accused person can face trial for the same charges in the future if the prosecution decides to reinstate them. ‒ June 20, 2025 Main image: Bernama
