RM1mil down, RM2.5mil to go: Najib posts first stage of bail

KUALA LUMPUR (September 21): Former prime minister Najib Abdul Razak posted the first portion of his RM3.5 million bail by paying RM1 million today, at the Kuala Lumpur court complex.

Malaysiakini reports that he and his son Norashman, and his bailors Mohd Nizar Najib and Mohd Shahrir Arifin arrived at the court complex at about 10.50am, and went to the Sessions Court registry to sign documentation for the bail application.

Najib took about eight minutes to complete the process, before leaving.

Speaking to reporters,  he said that he paid the first portion of the bail as decided by the judge.

"We will pay in stages, as set by the judge," he said, as quoted by the news portal.

He has been given until Sept 28 to pay the full amount of RM3.5 million.

Yesterday, it was reported that Najib faced four charges of abusing his powers under the MACC Act 2009 to obtain RM2.28 billion and faced another 21 counts of money laundering with regards to 1MDB funds. He claimed trial to all charges.

Prior to that, Najib claimed trial to four counts of criminal breach of trust and abuse of power, as well as three counts of money laundering regarding RM42 million from SRC International Sdn Bhd, a former subsidiary of 1MDB.