Asia-Pacific News

Malaysia's former prime minister charged with money laundering

Key Points
  • 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 former prime minister Najib Razak arrives for a court appearance at the Duta court complex in Kuala Lumpur on August 8, 2018.  
Mohd Rasfan | AFP | Getty Images

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).

He pleaded not guilty to the charges brought against him.

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.