KUALA LUMPUR (Xinhua) – Malaysia’s former premier Najib Razak pleaded not guilty in the Kuala Lumpur Sessions Court yesterday to 21 counts of money laundering and four counts of abuse of power, the highest number of charges levelled against him so far.
The prosecutors charged Mr Najib with four counts of abuse of power and 21 counts of money laundering, related to hundreds of millions of US dollars deposited into his personal account when he served as prime minister.
Bail has been set at RM3.5 million (S$1.2 million) and must be paid by next Friday.
The charges mean Mr Najib could face up to 15 years in jail and a fine of not less than five times the value of the proceeds of unlawful activities, or RM5 million, whichever is higher.
Mr Najib was arrested again by the Malaysian Anti-corruption Commission (MACC) on Wednesday related to the 1MDB case before being transferred to the police for questioning on money laundering earlier Thursday.
Prosecutors has earlier charged Mr Najib with criminal breach of trust, abuse of power and money laundering, all of which linked to a 42-million-ringgit (10.3-million US dollars) deposit transferred into his personal bank account by SRC International, a former unit of 1MDB.
Mr Najib has pleaded not guilty to the earlier charges.