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British Ex-adviser To Malaysia s Najib Has Graft Charges Dropped
07/30/21 AT 3:26 AM
A controversial British former media adviser to Malaysian ex-leader Najib Razak has had money-laundering charges dropped after agreeing to pay $1.7 million to scandal-hit sovereign wealth fund 1MDB, officials said Friday.
Paul Stadlen is believed to have left the country shortly after his boss, former prime minister Najib, suffered a shock election defeat in 2018.
Najib and many of his confidants faced corruption charges after the polls for their roles in a massive scandal involving the fund, 1Malaysia Development Berhad (1MDB).
Billions of dollars were looted from 1MDB in a fraud that spanned the globe, with the money spent on everything from a super-yacht to art.
British former adviser to Malaysia s Najib has graft charges dropped Toggle share menu
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British former adviser to Malaysia s Najib has graft charges dropped
Billions of dollars were looted from sovereign wealth fund 1MDB in a fraud that spanned the globe AFP/Mohd RASFAN
30 Jul 2021 04:22PM Share this content
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KUALA LUMPUR: A former media adviser to former Malaysia prime minister Najib Razak has had money laundering charges dropped after agreeing to pay US$1.7 million to scandal-hit sovereign wealth fund 1MDB, officials said on Friday (Jul 30).
Briton Paul Stadlen is believed to have left the country shortly after Najib suffered a shock election defeat in 2018.
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Paul Stadlen has reportedly been living in Israel since he fled Malaysia in 2018, after the collapse of the Najib Razak administration. – The Malaysian Insight file pic, July 30, 2021.
MONEY-LAUNDERING charges against former Najib Razak spin doctor Paul Stadlen have been dropped after he returned RM7.19 million linked to 1Malaysia Development Bhd, the Malaysian Anti-Corruption Commission (MACC) said.
Stadlen agreed to voluntarily surrender the full sum of RM7.19 million, to be placed in the account of 1MDB, as part of an agreement with the anti-graft agency and the Attorney-General’s Chambers, the MACC said in a statement today.
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MACC clarify this was based on an agreement with the Attorney General s Chambers.
In a statement on Friday (July 30), MACC said Paul Geoffrey Stadlen has agreed to voluntarily release in its entirety RM7,192,873.84 which would be transferred to the trust account of 1Malaysia Development Berhad (1MDB). The matter was decided after taking into account that the amount was justified to be forfeited. Accordingly, the case against him was withdrawn. The Attorney-General s Chambers also decided that a RM590,587.26 compound under Section 92 (1) of AMLATFPUAA be imposed on Mohd Hafarizam after taking into account and considering the reasonable reasons including the withdrawal of the case against Paul Geoffrey Stadlen, said the MACC.