KUALA LUMPUR, Malaysia (AP) – Former Malaysian Prime Minister Najib Razak has been accused of three counts of money laundering in connection with the alleged multi-billion-dollar plunder of a sovereign wealth fund, which has increased its problems only three months after its astonishing election defeat.
Najib was calm in the harbor on Wednesday when the charge was read to him. Last month he did not plead guilty of abuse of power and violation of trust costs.
All charges against him relate to the transfer of 42 million ringgit ($ 10.3 million) to his bank accounts of SRC International, a former unit of the 1MDB fund that international researchers say has been looted by Najib millionaires.
Every count of money laundering has a fine of up to 15 years in prison and a substantial fine.