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Wife of former Malaysian PM Najib charged with money laundering | Wife of former Malaysian PM Najib charged with money laundering |
(about 2 hours later) | |
The wife of ex-Malaysian Prime Minister Najib Razak has been charged with money laundering and tax evasion, as part of an investigation into a multi-million dollar corruption scandal. | The wife of ex-Malaysian Prime Minister Najib Razak has been charged with money laundering and tax evasion, as part of an investigation into a multi-million dollar corruption scandal. |
Rosmah Mansor, who is known for her love of luxury goods and jewellery, pleaded not guilty to all 17 charges. | Rosmah Mansor, who is known for her love of luxury goods and jewellery, pleaded not guilty to all 17 charges. |
Her husband, Mr Najib, has been accused of pocketing $700m (£517m) from state development fund 1MDB. | Her husband, Mr Najib, has been accused of pocketing $700m (£517m) from state development fund 1MDB. |
Mr Najib currently faces 32 different charges in relation to 1MDB. | Mr Najib currently faces 32 different charges in relation to 1MDB. |
Ms Rosmah smiled, wave and blew kisses at the media as she arrived in a Kuala Lumpur court on Thursday. | Ms Rosmah smiled, wave and blew kisses at the media as she arrived in a Kuala Lumpur court on Thursday. |
The 66-year-old had spent a night in detention following her arrest by anti-corruption officials on Wednesday. | |
Bail for Ms Rosmah was set at 2m ringgit ($483,200; £373,127). Prosecutors had originally sought 10m ringgit in bail. | Bail for Ms Rosmah was set at 2m ringgit ($483,200; £373,127). Prosecutors had originally sought 10m ringgit in bail. |
Mr Najib also appeared at another courtroom in Kuala Lumpur on Thursday for a separate pre-trial hearing. | Mr Najib also appeared at another courtroom in Kuala Lumpur on Thursday for a separate pre-trial hearing. |
1MDB, set up by Mr Najib in 2009, was meant to turn Kuala Lumpur into a financial hub and boost the economy through strategic investments. | 1MDB, set up by Mr Najib in 2009, was meant to turn Kuala Lumpur into a financial hub and boost the economy through strategic investments. |
But it started to attract negative attention in early 2015 after it missed payments for some of the $11bn it owed to banks and bondholders. | But it started to attract negative attention in early 2015 after it missed payments for some of the $11bn it owed to banks and bondholders. |
Then the Wall Street Journal (WSJ) reported it had seen a paper trail that allegedly traced close to $700m from the fund to Mr Najib's personal bank accounts. | Then the Wall Street Journal (WSJ) reported it had seen a paper trail that allegedly traced close to $700m from the fund to Mr Najib's personal bank accounts. |
Mr Najib has consistently denied taking money from 1MDB or any public funds. | Mr Najib has consistently denied taking money from 1MDB or any public funds. |