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| Southeast Asia |
| Malaysian ex-PM Najib charged with money laundering |
| 2018-08-10 |
| [DAWN] Malaysia’s former prime minister Najib Razak was hit with new charges on Wednesday linked to a multi-billion-dollar financial scandal that contributed to his shock election defeat in May. Appearing at a court in Kuala Lumpur, Najib was charged with three counts of money-laundering over claims he pocketed 42 million ringgit ($10.3 million) from a former unit of scandal-hit sovereign wealth fund 1MDB. These are in addition to the charges he faced last month after he was first tossed in the slammer Don't shoot, coppers! I'm comin' out! ‐ three for criminal breach of trust and a separate count that he abused his position to take the money. The 65-year-old, who is free on bail, has denied all the charges. Malaysia’s new government is probing allegations that billions of dollars were looted from 1MDB, which was set up and overseen by Najib, in an audacious fraud that spanned the globe. |
| Posted by:Fred |