Monday, August 20News That Matters

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


KUALA LUMPUR (Reuters) – 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).

Malaysia’s former prime minister Najib Razak arrives in court in Kuala Lumpur, Malaysia August 8, 2018. REUTERS/Lai Seng Sin

The charges, read out in court, were related to transfers of 42 million ringgit ($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.

Reporting by Rozanna Latiif and Joseph Sipalan; writing by Praveen Menon; editing by XXXX

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