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Aug

07

Malaysia Charges Former PM Najib With Three Counts of Money Laundering

By Tony Seruga

Najib was charged with 3 counts of money laundering breaches
Indictment is the first for a former premier of Malaysia

Malaysia’s former Prime Minister Najib Razak was charged under the anti-money laundering act in a case linked to the multibillion-dollar 1MDB scandal, adding to his earlier charges of corruption and breach of trust.

Najib was served with three counts of money laundering breaches related to SRC International Sdn, a former unit of state fund 1MDB. The charges carry a punishment of up to 15 years in prison and a fine of no less than five times the amount of relevant funds…

Malaysia Charges Former PM Najib With Three Counts of Money Laundering

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