(Oct 15): A decade after the global financial crisis, the landscape of the US financial services ind
SINGAPORE (Sept 20): Former Malaysian prime minister Najib Razak will be looking a total of 21 charges against him involving US$681 million ($932.8 million) transferred into his personal bank account, said Malaysian Deputy Inspector-General of police Tan Sri Noor Rashid Ibrahim in a statement today.
The US Department of Justice (DoJ) has alleged that the money was transferred into Najib’s account from the scandal ridden state fund 1Malaysia Development Berhad (1MDB).
The charges include nine counts of receiving illegal proceeds, five counts of using illegal proceeds and seven counts of transferring the proceeds to other entities.
Najib is expected to be charged in court later today at 3pm for corruption related to the siphoning of funds from state fund.
This will mark Najib’s third time being brought to court.
He was first arrested on July 3 and faced four charges then for criminal breach of trust.
During his second arrest last month, he was charged with three counts of money laundering breaches related to SRC International, a former unit of state fund 1MDB.
Najib has consistently denied any wrongdoing and pleaded not guilty to all his previous charges.