Najib slapped with three counts of charges

Former prime minister of Malaysia Najib Razak was this morning charged with three counts of criminal breach of trust and one count of abuse of power for graft, Malaysian media reported.

Under the Malaysian Anti-Corruption Commission Act 2009, Najib was charged with criminal breach of trust involving RM27 (220 million baht), RM5 million and RM10 million in SRC International Sdn Bhd, a former subsidiary of 1MDB, the state fund which is at the centre of a major scrutiny, according to The New Straits Times.    He was finance minister and prime minister then. He also acted as advisor to the company.

Najib, who was arrested last night and brought to the court this morning, was also charged with using his position for a payout to himself of RM42 million (343 million baht)  when he took part or was involved in making the decision to provide government guarantees for a RM4 billion (33 billion baht) loan to SRC.

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