29 Jan 2019
Malaysian prosecutors on Monday charged former prime minister Najib Razak with three more counts of money laundering, allegedly receiving the proceeds of illegal activities in his personal bank accounts.
After unexpectedly losing an election to Mahathir Mohamad in May last year, Najib has been slapped with a series of corruption charges, mostly tied to losses at now-defunct state fund 1MDB.
The latest charges bring the total number against him to 42.
Najib has pleaded not guilty to all the charges and has consistently denied wrongdoing. The first of his four trials starts on Feb. 12.
Prosecutors on Monday alleged that Najib received in his private bank account a total of 47 million ringgit (8.7 million pounds) in proceeds of illegal activities, according to charge sheets seen by Reuters.
– By Rozanna Latiff, Reuters, 18 January 2019.
Link to Reuters.
Count reading this article to your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet