Former Malaysian Prime Minister Najib Razak pleads not guilty to new money laundering charges tied to 1MDB fund

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• Former Malaysian Prime Minister Najib Razak pleaded not guilty to three new money-laundering charges related to the alleged multibillion-dollar looting of of state investment fund 1MDB.
• The 65-year-old pleaded not guilty to abuse of power and three counts of criminal breach of trust last month.
• Najib set up 1MDB when he took power in 2009 to promote economic development, but the fund amassed billions in debt and is being investigated for embezzlement.

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KUALA LUMPUR, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak pleaded not guilty Wednesday to three new money-laundering charges related to the alleged multibillion-dollar looting of a state investment fund that led to his stunning electoral defeat three months ago.

Najib spoke softly as he entered his plea in the High Court. He has previously accused Malaysia’s new government of seeking political vengeance and vowed to clear his name in his trial.

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