Malaysia's former prime minister Najib Razak was hit with new charges 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 arrested - 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.
Allegations of massive corruption were a major factor behind the electoral earthquake in May that toppled Najib's long-ruling coalition and ushered in a reformist alliance headed by his 93-year-old former mentor Mahathir Mohamad. In a packed courtroom, the three new charges were read out to Najib. Asked if he understood them, Najib - dressed in a dark blue suit and looking tired - said he did.
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