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Najib, Irwan to face CBT charges involving RM6 billion

October 24, 2018

Former prime minister Najib Razak (left) and ex-Treasury secretary-general Mohd Irwan Serigar Abdullah are expected to be charged with using approved government allocations to settle 1MDB’s dispute with International Petroleum Investment Co (IPIC).

PETALING JAYA: Former prime minister Najib Razak and ex-Treasury secretary-general Mohd Irwan Serigar Abdullah are expected to jointly face at least six charges of criminal breach of trust (CBT) involving RM6 billion, sources said.

A source said both of them were scheduled to be produced at the Kuala Lumpur Sessions Court on Thursday.

The source added the charges were linked to the 1MDB scandal, the East Coast Rail Link (ECRL) and two gas pipeline projects in the peninsula and in Sabah.

“Both are expected to be charged with using approved government allocations to settle 1MDB’s dispute with International Petroleum Investment Co (IPIC),” the source told FMT.

The source said that among the allocations believed to have been used were those set aside for Bantuan Rakyat 1Malaysia (BR1M) and salaries of civil servants.

1MDB agreed to settle a payment dispute with IPIC by making two installments totalling US$1.2 billion to IPIC sometime in August and December last year.

The source said money obtained from China for certain major projects was also believed to have been used for unauthorised purposes.

Najib, who lost power to Pakatan Harapan in the May 9 election, is already facing 32 charges for money laundering, CBT and abuse of power in relation to 1MDB and SRC International.

Irwan’s service contract as Treasury secretary-general was shortened to June 14, 2018, and he was transferred to the Public Service Department.

Among major projects involving China is the RM81 billion ECRL spanning 688km linking Port Klang and Kota Bharu. Launched last year, it was slated for completion in 2024 but has since been suspended.

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