Malaysia's Ex-PM Najib Charged with More Corruption Counts

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

Razak has already refuted three counts of money laundering for allegedly collecting $10.3 million (Rs 71 crore) as part of a multi-billion-dollar financial scandal, The Telegraph reported.

The charges were read out in a Sessions Court in Kuala Lumpur and the case is now being transferred to the High Court, where Najib is expect to enter a plea for each of the charges later on Wednesday.

Mr Najib was arrested in July and has already been charged with breach of trust and abusing his position.

At the court, the prosecution stated that the 42 million ringgit, transferred in three tranches into Najib's bank account, were obtained from illegal activities.

The indictments carry a maximum penalty of 15 years in jail per charge and a possible fine of five times the amount of money allegedly received illegally.

Dr Mahathir swiftly reopened an investigation into 1MDB and barred Najib and wife Rosmah Mansor from leaving Malaysia.

The 65-year-old, who is free on bail, has denied all the charges.

1MDB is being investigated by at least six countries, including Singapore, Switzerland and the United States, over alleged money laundering and graft.

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High Court Judge Mohamad Nazlan Mohd Ghazali said a decision on when the trial begins, and on a gag order issued last month to stop public discussion of the case, would be made on Friday.

Investigations into 1MDB have been moving swiftly.

Looking exhausted as he appeared in court, Najib was charged with three counts of money laundering over claims that he pocketed 42 million ringgit ($10.3 million).

SRC International was a subsidiary of 1Malaysia Development Berhad (1MDB).

Following Najib's election loss, police seized a vast trove of items - including expensive handbags and jewellery - from properties linked to him with an estimated value of up to $273 million.

The US Justice Department, which is seeking to recover items allegedly bought with stolen 1MDB cash in America, estimates that Dollars 4.5 billion in total was looted from 1MDB.

On Tuesday, a luxury yacht that was allegedly procured using stolen money from 1MDB was returned to the Malaysian government.

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