Politics
11:00, 08-Aug-2018
Malaysia’s Najib pleads not guilty to money laundering charges
Updated
10:40, 11-Aug-2018
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Former Malaysian Prime Minister Najib Razak pleaded not guilty to three charges of money laundering in connection with a multibillion-dollar scandal surrounding the state fund 1Malaysia Development Berhad (1MDB), according to Reuters.
The charges, read out in a lower court, were related to three electronic transfers amounting to 42 million ringgit (10 million US dollars) from SRC International, a former 1MDB unit, into Najib's personal bank account.
Najib was charged with corruption and criminal breach of trust but was granted bail in early July.