Malaysia ex-PM Najib charged with three counts of money laundering

Najib Razak arrives at court in Kuala Lumpur on Aug. 8. Photographer: Samsul Said/Bloomberg

Former Malaysian leader Najib Razak pleaded not guilty to charges of money laundering linked to 1MDB as prosecutors alleged more wrongdoing by the ex-premier during his oversight of the state investment fund.

Najib was charged 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 funds involved.

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