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Malaysian ex-leader's stepson charged with money laundering offences over 1MDB scandal

( July 5, 2019, 04:37 GMT | Official Statement) -- MLex Summary: The stepson of Malaysian former Prime Minister Riza Shahriz Abdul Aziz has been charged with money laundering. Riza Aziz pleaded not guilty to five charges when he appeared at the Sessions Court in Kuala Lumpur yesterday. The Malaysian Anti-Corruption Commission alleges that his company, Red Granite Productions, received $248 million that had been misappropriated from sovereign wealth fund 1Malaysia Development Berhad. If convicted, he faces up to five years in prison and a maximum fine of 5 million ringgit ($1.2 million).The full statement, posted on the Malaysian Anti-Corruption Commission's YouTube account, follows: ...

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