(Photo: Reuters) Hanoi (VNA) – Malaysian authorities have ordered 80 individuals and entities to payfines for allegedly receiving money from the state fund 1Malaysia DevelopmentBerhad (1MDB), the Malaysian Anti-Corruption Commission (MACC) said on October7.
Malaysian and USinvestigators said about 4.5 billion USD was misappropriated from 1MDB whichwas set up in 2009 by then Prime Minister Najib Razak.
Najib, who lost thegeneral election last year, is now facing 42 graft and money laundering chargesover allegations that he received about 1 billion USD in 1MDB funds. He haspleaded not guilty.
MACC’s head LatheefaKoya told reporters that the agency is trying to recover 420 million ringgit (some100 million USD) from individuals and entities who had allegedly received fundslaundered through accounts linked to Najib.
The MACC has issuedcompound notices against all of these people and entities, ordering them to payup the fines, Latheefa said, adding that they could be fined up to 2.5 times theamount received.
The individualsinclude Najib's brother Nazir Razak, former chairman of Malaysia'ssecond-largest bank, CIMB; and Shahrir Abdul Samad, former chairman of state palmoil agency Felda.
Funds were alsodistributed to companies, political parties and organisations linked to Najib'scoalition, according to the MACC./.
Malaysian and USinvestigators said about 4.5 billion USD was misappropriated from 1MDB whichwas set up in 2009 by then Prime Minister Najib Razak.
Najib, who lost thegeneral election last year, is now facing 42 graft and money laundering chargesover allegations that he received about 1 billion USD in 1MDB funds. He haspleaded not guilty.
MACC’s head LatheefaKoya told reporters that the agency is trying to recover 420 million ringgit (some100 million USD) from individuals and entities who had allegedly received fundslaundered through accounts linked to Najib.
The MACC has issuedcompound notices against all of these people and entities, ordering them to payup the fines, Latheefa said, adding that they could be fined up to 2.5 times theamount received.
The individualsinclude Najib's brother Nazir Razak, former chairman of Malaysia'ssecond-largest bank, CIMB; and Shahrir Abdul Samad, former chairman of state palmoil agency Felda.
Funds were alsodistributed to companies, political parties and organisations linked to Najib'scoalition, according to the MACC./.
VNA
