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

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).

>>Reuters
Published : 8 August 2018, 02:34 AM
Updated : 8 August 2018, 02:34 AM

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.