Malaysia's former PM Najib charged with three counts of money laundering

Reuters | Published: 10:36, Aug 08,2018 | Updated: 10:56, Aug 08,2018

 
 

Malaysia’s former prime minister Najib Razak. -- Reuters file photo

Malaysia’s embattled former prime minister Najib Razak was charged on Wednesday with three counts of money laundering as part of a probe into money missing from state fund 1Malaysia Development Berhad (1MDB).

The charges, read out in court, were related to transfers of 42 million ringgit or $10 million from SRC International, a former 1MDB unit, into Najib’s personal bank account.

Last month, Najib was arrested and charged with abuse of power and criminal breach of trust following a probe into SRC International.

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