Malaysia’s former Prime Minister Najib Razak pleaded not guilty to three new charges on Wednesday in connection to the alleged money-laundering of $10.3m deposited into his personal bank accounts.
It was the latest criminal proceedings Najib faces amid several other charges as the country’s new government looks for answers to how billions of dollars went missing from a state fund, known as 1MDB, during his reign.Wearing a dark grey suit, Najib, 65, smiled and waved to reporters as he arrived at court.
Abuse of power and breach of trust charges carry a maximum penalty of 20 years in prison for each count. Fines as much as five times the amount for each money-laundering charge can be imposed as well.The three new charges bring the total number against Najib so far to seven.
Najib has denied all accusations against him and was released on bail. His trial date will be decided on Friday when the court will also hear an application for a permanent gag order from Najib’s lawyer to prevent public discussion of the case.