Former Malaysian PM’s stepson to face money laundry charges (Source:www.voanews.com)Hanoi (VNA)- Riza Shahriz Abdul Aziz, a stepson offormer Malaysian Prime Minister Najib Razak, was arrested by the country'santi-corruption body on July 4 and is expected to be charged for moneylaundering.
The MalaysianAnti-Corruption Commission (MACC)’s head Latheefa Koya confirmed Riza's arrest,adding that he will be brought to court to face charges on July 5 under thecountry's Anti-Money Laundering, Anti-Terrorism Financing and Proceeds ofUnlawful Activities Act 2001.
Riza, who is a filmproducer, was alleged to have received several hundreds of millions of USDsiphoned from state investment fund 1Malaysia Development Berhad (1MDB) tofinance films including The Wolf of Wall Street.
He was also allegedto have used part of the funds to purchase several properties in the US.
FormerMalaysian PM Najib Razak founded the 1MDB investment fund in 2009, supposedlyto serve Malaysia’s development through global partnerships and foreign directinvestment.
However, it became the centre of a moneylaundering scandal, allegedly causing losses of up to 4.5 billion USD andleading to probes in Malaysia and several other countries such as the US,Switzerland, Singapore and China.
Najib himself hasbeen on trial for dozens of corruption charges involving billions of ringgitfrom 1MDB while his wife Rosmah Mansor was also facing multiple charges.–VNA
VNA
