Najib may face charges of money laundering, misappropriation of property, says source

A file picture of Najib Razak gesturing as he left the MACC office in Putrajaya, Malaysia after an interview on May 24, 2018. - AFP

KUALA LUMPUR: Authorities investigating scandal-hit state fund 1Malaysia Development Berhad (1MDB) are considering charging former prime minister Datuk Seri Najib Tun Razak with money laundering and misappropriation of property, a source familiar with the matter said.

Najib, who founded 1MDB in 2009, is the subject of a money laundering and corruption probe, after reports that millions of dollars made their way into his personal bank accounts from the fund and its former subsidiary, SRC International.