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Malaysia's anti-corruption commission said earlier all the charges are related to a 42-million-ringgit (10.3 million USA dollars) deposit into Najib's personal bank account by SRC International, a former unit of state fund 1MDB.

The money-laundering charges allege 42 million ringgit stemming from illegal activities was transferred to Najib's bank accounts between December 2014 and February 2015.

Najib will be charged at the Kuala Lumpur Court under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, the Malaysian Anti-Corruption Commission (MACC) said in a statement yesterday.

Wearing a dark grey suit, Najib, 65, smiled and waved to reporters as he arrived at court.

Lawyer Tan Sri Muhammad Shafee Abdullah, who represented Najib, said it would be better if the prosecution applied for yesterday's case to be combined with the three charges of CBT and one of abuse of power with regard to RM42 million funds belonging to SRC International faced by his client earlier.

SRC, created in 2011 by Najib's government to pursue overseas investment in energy resources, was a unit of 1MDB until it was moved to the finance ministry in 2012.

His case was transferred to another court, where he entered not guilty pleas, meaning he will stand trial.

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The charges are related to 42m ringgit (US$10m).

It sailed into the Malaysian port a day after Prime Minister Mahathir Mohamad thanked Indonesian President Joko "Jokowi" Widodo for agreeing to hand it over to Malaysian officials.

Money allegedly siphoned off from SRC represents only a small fraction of the billions of dollars misappropriated from 1MDB, according to lawsuits filed in the US courts by the Department of Justice which investigated the scandal.

Lawsuits filed in USA courts by the DOJ allege that an estimated $4.5 billion was misappropriated from 1MDB by high-level officials of the fund and their associates.

Former Defence Minister Datuk Seri Hishammuddin Hussein said his cousin and ex-Prime Minister Datuk Seri Najib Razak's second round of criminal charges in line with the rule of law but hopes that he gets a fair trial in court.

On Tuesday, a luxury yacht that was allegedly procured using stolen money from 1MDB was returned to the Malaysian government.


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