Now Reading
Najib’s Stepson Freed From 1MDB Money Laundering Charges, Kind Of

Najib’s Stepson Freed From 1MDB Money Laundering Charges, Kind Of

Subscribe to our new Telegram channel for the latest updates on Covid-19 and other issues.

The Sessions Court has granted a discharge not amounting to an acquittal to Riza Shahriz Abdul Aziz, stepson of former prime minister Datuk Seri Najib Razak on 5 charges of money laundering involving 1Malaysia Development Berhad (1MDB) funds.

The co-founder of Hollywood production house Red Granite pictures, also known as Riza Aziz, had been charged in July 2019 under Section 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) for allegedly misappropriating US$248 million (almost RM1 billion) from the scandal-ridden 1MDB fund. 

Each charge is punishable with maximum RM5 million fine or up to 5 years imprisonment, or both.

Credit: Yusof Mat Isa/Malay Mail

According to FMT, the decision to essentially free Riza Aziz was made after ad hoc public prosecutor Datuk Seri Gopal Sri Ram made the application following a deal with the accused to pay the government a large sum in direct reference to the charges.

An agreement has been arrived at between the prosecution and the accused under the terms of which the federal government will receive a substantial sum running into several million ringgit.

Datuk Seri Gopal Sri Ram, ad hoc prosecutor.

Charges against Riza, who is Datin Seri Rosmah Mansor’s son, would not continue pending completion of the agreement.

It is also revealed in court that steps would be taken to ensure that he will be given a full acquittal (aka not guilty) upon completion of the deal.

However, Gopal Sri Ram added that the prosecution will have the right to charge Riza again if he fails to uphold his end of the bargain.

Riza was accused of receiving the money between April 2011 and November 2012 from Good Star Ltd and Aabar Investments PJS Ltd – two companies believed to be linked to  Low Taek Jho, aka Jho Low, who’s currently wanted by Malaysian, US and Singaporean authorities.

Share your thoughts with us on TRP’s Facebook, Twitter, and Instagram.

© 2024 The Rakyat Post. All Rights Reserved. Owned by 3rd Wave Media Sdn Bhd