Former Malaysian PM charged with money laundering, abuse of power

Najib Razak is set to face charges of abusing his power

Noor Rashid also said the police had arrested Najib after consulting the Attorney-General's office.

Najib was earlier charged with multiple counts of criminal breach of trust, corruption and money laundering over the scandal at the 1MDB fund, just months after his shocking electoral defeat.

Previously Najib was charged with receiving RM42mil bribe as an inducement to come to a decision on behalf of the Malaysian government to provide a sovereign guarantee for a loan of RM4bil from the KWAP to SRC International Sdn Bhd.

The High Court released Najib on bail of RM1mil with two sureties, and the additional condition that Najib surrender both his normal and diplomatic passports.

He pleaded not guilty to four abuse-of-power charges and 21 money-laundering charges.

Malaysia's former Prime Minister Najib Razak speaks to journalists as he leaves a court in Kuala Lumpur, Malaysia September 20, 2018.

All the charges were made according to Section 4 (1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act (AMLATFA), which carries a maximum fine of RM5 million and jail term of five years, or both, if convicted. Najib pleaded not guilty Thursday to 25 fresh charges of abuse of power and money laundering over the multimillion-dollar looting of a state investment fund.

"His return of money was so soon after the 2013 election... because he had finished with the expenses in relation to election funding".

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Since losing power, Najib has already been hit with seven charges related to claims he pocketed some $10m from a former unit of 1MDB.

When asked about the recently launched book related to 1MBD - "Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World", written by Bradley Hope and Nicholas T. Wright - Shafee said he was excited as the book could prove his client's innocence.

The money belongs to a firm called Tanore Finance, believed to be a shell company in the British Virgin Islands.

Azam Baki, the deputy commissioner of the anti-graft agency, said more charges could be brought against individuals.

However, U.S. authorities have said Tanore was controlled by an associate of Low and held funds diverted from 1MDB.

"I hope my journey in court will uphold the truth and put to rest this RM2.6bil issue once and for all", he said to reporters right before leaving the Kuala Lumpur High Court on Sept 20.

His wife Rosmah Mansor is reportedly the next likely person in the family to be charged.

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