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Najib's brother received most from 1MDB

Written by: mottaman | 07 Oct 2019 12:23
Written by:
07 Oct 2019 12:23
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Time to own up and pay up guys.

The Malaysian Anti-Corruption Commission (MACC) has served compound notices to 80 individuals and entities which received funds totaling RM420 million from 1Malaysia Development Bhd (1MDB).

Its chief commissioner Latheefa Koya said the highest individual recipient is former CIMB Bank chairman, Datuk Seri Nazir Razak who acquired RM25.7 million.

Nazir is also the brother of former prime minister, Datuk Seri Najib Razak.

Solar Shine Sdn Bhd received RM134 million - the highest amount paid to an organisation.

She added that the money received ranged from as low as RM500,000 to RM134 million.

The commission has confirmed that the RM420 million has been paid to these entities from Najib’s account.

According to The New Straits Times, there a total 23 companies, nine individuals, 43 political parties and branches and five foundations/organisations.

"The money was paid via cheque that is why we could trail the money back to the 1MDB account. The money belongs to the people and we hope to recover as much as possible.

"We have received consent from the attorney-general and now we are in the process of serving the notice as we speak.

"All those received the notices, must pay the fine within two weeks from the date of the notice. If they think they don't enough time to pay, they can apply to request for an extension.

"The fine amount can be as low as the money they received from 1MDB or up to a maximum of 2.5 times higher under Section 92(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (AMLATFPUA) Act 2001,” she added.

 

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