Shafee: Funds rechanneled for IPIC, ECRL, gas pipeline projects obligations
"The first two charges [totalling RM1.855 billion] are related to infrastructure projects… ECRL (East Coast Rail Link) and gas pipeline projects," said Shafee.
"The first two charges [totalling RM1.855 billion] are related to infrastructure projects… ECRL (East Coast Rail Link) and gas pipeline projects," said Shafee.
Tan Sri Muhammad Shafee Abdullah confirmed in court today that his client (Najib Razak) had used part of the monies to repay 1MDB debt including the US$1.2 billion borrowed from IPIC.
Part of the monies has been slated for certain purposes including the management expenditure of KLIA and 1Malaysia People's Aid (BR1M), reportedly under the Budget 2017 allocation
Najib, Irwan Serigar to be jointly charged with CBT under Section 409 of Penal Code.
At press time, former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah is still in the premises.
Irwan, who was also 1MDB chairman previously, arrived at the anti graft agency’s headquarters here at 3.26pm, ahead of his scheduled questioning session of 3.30pm, according to MACC.
Najib and former Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah were summoned by the MACC to be at the headquarters at 2pm.
The duo will now be jointly charged for misusing funds from Bantuan Rakyat 1Malaysia (BR1M), as well as the federal government’s Consolidated Fund, to repay IPIC. It is unknown at this juncture how much was allegedly taken from either account.
"God willing, when I have made a decision, I will inform the public."
He pointed out that several Umno leaders have been charged over graft and mismanagement, including those involving 1MDB funds. "We do not want any perception that these actions have the intention of allowing the doers to escape from errors done during the previous administration."