Najib pleads not guilty again, this time to laundering RM42m

Malaysia's ex-PM Najib pleads not guilty to money laundering

Malaysia's ex-PM Najib pleads not guilty to money laundering

The RM1 million bail set for Najib's previous charges on July 4th was extended to his money laundering charges. This morning Razak reached the courthouse accompanied by his children, he looked calm.

The new government reopened the investigations stifled under Mr Najib's rule and barred him and his wife from leaving the country.

In a packed Kuala Lumpur courtroom, the three new charges were read out to Najib.

Former Malaysian prime minister Najib Razak, who was previously charged with abuse of power and criminal breach of trust, also pleaded not guilty to the latest charges that relate to $10.3 million transferred into his bank account from a state fund.

When asked if he thinks the case was a witch hunt, Shafee said: "My client and I hope that's not the case".

His case was transferred to another court, where he entered not guilty pleas, meaning he will stand trial.

Yesterday, he was summoned to the office of the Malaysian Anti-Corruption Commission (MACC), a day before his pre-trial hearing in court.

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The scandal at 1MDB fully erupted in 2015 after media reports that hundreds of millions of dollars from 1MDB were diverted to his personal accounts.

Earlier, the new charges against Najib were heard in the sessions court before Judge Azura Alwi.

After Najib left its office, the anti-graft agency said he would be charged under the anti-money laundering act.

Mr Najib, who has consistently denied any wrongdoing, and his allies are accused of plundering billions of dollars from 1MDB to buy everything from USA real estate to artworks.

SRC International was a subsidiary of 1Malaysia Development Berhad (1MDB). On Tuesday, a luxury yacht allegedly paid for with about $250 million stolen from 1MDB arrived outside Kuala Lumpur after being handed over by Indonesian authorities, who impounded it following a DoJ request.

Najib set up 1MDB when he took power in 2009 for the stated goal of promoting economic development, but the fund amassed billions in debts and is being investigated in the USA and several other countries for alleged cross-border embezzlement and money laundering.

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