With his back to the wall, Najib faces a grim court battle

Malaysia's former prime minister Najib Razak arrives for a court appearance in Kuala Lumpur

This follows his court appearance on July 4, when Najib was charged with three counts of criminal breach of trust and one count of abuse of power over funds totalling RM42 million (S$14.1 million) belonging to SRC International, a former subsidiary of state fund 1Malaysia Development Berhad (1MDB).

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

Former prime minister Najib Razak left the Jalan Duta Court Complex here this afternoon amid heavy police escort after claiming trial to three charges of money laundering.

Fines as much as five times the amount for each money-laundering charge can be imposed as well.

Najib and his wife Rosmah Mansor led a life of luxury, allegedly funded by stolen public money, that came to symbolise the rot in an elite that had ruled the country uninterrupted since Malaysia's independence from Britain in 1957.

Lokman rallied a group of about 50 supporters outside of MACC headquarters last month to protest as Najib was brought in to be arrested.

The judge transferred the case to the high court to be heard later on Wednesday, along with previous charges.

SRC has been the initial focus of Malaysian investigators as all the suspicious transactions involving it went through Malaysian entities, unlike other 1MDB-related transactions that went through foreign banks and companies.

The anti-graft agency said in a statement on Tuesday (Aug 7) that the former Prime Minister had returned to assist their investigation into SRC International Sdn Bhd.

The RM1 million bail set for Najib for his criminal breach of trust and abuse of power charges has been extended to his money laundering charges as well.

Najib chaired the 1mdb the whole time while the sovereign fund became bankrupt and had to sell its assets - bought at higher prices than market value - to recover its debts, the opposition said during the elections.

The prosecution was filed under Section 4 (1)(b) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001 which provides for the penalty under Section 4 (1) of the same act.

The new investigation into 1MDB began after his shock election loss in May.



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