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

Reuters | Updated at 10:56am on August 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.