Feb 2, 2016

Foreign governments piling pressure on Malaysia over fund scandal

Malaysia may have absolved its prime minister in a huge corruption scandal, but foreign authorities investigating suspicious global fund flows are making clear they consider the affair far from over and that the net is tightening. Malaysia’s attorney general last week cleared Prime Minister ...

Jan 30, 2016

Swiss seek Malaysian help in probing $4 billion financial scandal

Switzerland’s chief prosecutor said on Friday he had formally asked Malaysia for help with his probe into possible violations of Swiss law by the state-owned fund 1Malaysia Development Berhad (1MDB), saying suspected misappropriations amounted to about $4 billion. The office of Swiss Attorney General ...

Jan 29, 2016

U.S. Navy commander pleads guilty in massive bribery case

A U.S. Navy commander accused of diverting ships to Asian ports for a Malaysian contractor offering prostitution services and other gifts pleaded guilty to bribery charges Thursday, marking the eighth conviction in the massive scandal. Michael Misiewicz is one of the highest ranking naval ...

Jan 28, 2016

Malaysia's top lawyer rejected advice to charge Najib: source

Malaysia’s anti-graft agency had recommended that Prime Minister Najib Razak be charged with criminal misappropriation, a source said, amid growing outrage after the premier was cleared of any offenses in a multimillion-dollar scandal. The attorney general on Tuesday closed all investigations of Najib, after ...

Jan 27, 2016

Emerging giants plagued by corruption, Transparency International says

The world’s up-and-coming economies are struggling to shake off corruption, an anti-graft watchdog warned Wednesday, citing massive scandals in Brazil and Malaysia as cause for concern. In its “Corruption Perceptions Index 2015,” Transparency International (TI) said Brazil showed the biggest decline in its ranking ...