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KUALA LUMPUR (Sept 20): Former prime minister Datuk Seri Najib Razak (pictured) was granted bail of RM3.5 million, after he claimed trial to 25 charges of corruption and money laundering involving some RM2.3 billion linked to 1Malaysia Development Berhad (1MDB).
He was released on bail with two sureties, with payment to commence tomorrow by an initial sum of RM1 million, followed by RM500,000 on each business day from Monday (Sept 24) until Friday (Sept 28).
The case will be mentioned again on Nov 16.
The prosecution had suggested bail of RM500,000 with two sureties, while lead defence counsel Tan Sri Muhammad Shafee Abdullah wanted bail set at RM500,000.
Shafee also wanted the case to be transferred to the High Court.
Najib earlier pleaded not guilty to four corruption charges involving about RM2.3 billion that was allegedly transferred into his bank accounts.
He also claimed trial to 21 charges of abuse of power under the Anti-Money Laundering Act, Anti-Terrorism Financing Act and Proceeds of Unlawful Activities Act (Amla) 2001.
The former premier is accused of committing the offences at the AmIslamic Bank Bhd branch in Jalan Raja Chulan. — theedgemarkets.com
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