Speed Reads

charges filed

Former Malaysian prime minister charged with corruption

Former Malaysian Prime Minister Najib Razak was charged in court Wednesday with criminal breach of trust and corruption.

He was arrested Tuesday over a suspicious transfer of $10.4 million into his bank accounts from SRC International, a former unit of the 1Malaysia Development Berhad (1MDB) state investment fund that he founded. U.S. investigators say Najib's associates looted billions from the 1MDB. The scandal led to Najib's shocking election defeat less than two months ago, and his arrest capped a rapid fall from grace.

Najib has maintained his innocence, calling the allegations politically motivated. "I am not perfect, but believe me that the accusations against me and my family are not all true," he said on a recorded video released on social media after his arrest.