Malaysia's former prime minister charged with money laundering

  • Former Prime Minister Najib Razak has been charged with three counts of money laundering as part of a probe into money missing from state fund 1Malaysia Development Berhad.
  • The charges were related to transfers of 42 million ringgit ($10 million) from a former 1MDB unit, SRC International.

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 ($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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