Najib still maintains his innocence


KUALA LUMPUR - Former prime minister Datuk Seri Najib Tun Razak has maintained his plea of innocence on three counts of money laundering relating to SRC International Sdn Bhd.

The plea was recorded before Justice Mohamed Zaini Mazlan when it was brought for mention for the first time at the High Court here yesterday. The court fixed April 17 for mention.

On Feb 8, Najib was charged at the Sessions court here with three counts of money laundering by receiving RM27mil (S$9 million), RM10mil and RM10mil in his three AmPrivate Banking accounts.

All the offences were allegedly committed at AmIslamic Bank Bhd, Ambank Group Building here on July 8, 2014.

The US Federal Reserve (Fed) announced that two former employees of the investment bank Goldman Sachs Group, Inc, have been banned from the banking industry.

"The Federal Reserve Board on Tuesday announced that it is prohibiting Tim Leissner and Ng Chong Hwa, also known as Roger Ng, from the banking industry for their participation in a scheme to illegally divert billions of dollars from a Malaysian sovereign wealth fund," said the Fed.