Najib charged with three counts of money laundering

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KUALA LUMPUR (Aug 8): Malaysia's embattled former Prime Minister Datuk Seri 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 Bhd (1MDB).

The charges, read out in court, were related to transfers of RM42 million (US$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.