Former Malaysian Prime Minister Najib Razak's first 1MDB trial to proceed
Malaysian ex-leader Najib Razak's first trial linked to the 1MDB scandal will proceed after a judge ruled Monday prosecutors had made a sufficient case, boosting efforts to bring him to justice over the mammoth fraud. Vast sums were plundered from sovereign wealth fund 1MDB in ...
In record deal, U.S. to recoup $1 billion from Malaysian fugitive Jho Low
The U.S. Justice Department has struck a deal to recoup $1 billion in funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low, in a record capture for a U.S. anti-corruption probe. U.S. authorities say about $4.5 billion was siphoned from ...
Malaysia privately discusses Goldman Sachs penalty of $2 billion over 1MDB scandal
Again and again, Malaysia has publicly demanded Goldman Sachs pay an eye-popping $7.5 billion for its role in the 1MDB scandal. But privately, Malaysian negotiators are considering settling for a fraction of that. Representatives for Malaysia have discussed figures of around $2 billion to $3 ...
Malaysia's former Prime Minister Najib Razak's major 1MDB trial postponed
Malaysian ex-leader Najib Razak's most significant 1MDB trial, which centers on claims that huge sums ended up in his bank account, was postponed Monday for a week after prosecutors said they were not ready. It is the second trial linked to scandal-hit state fund 1Malaysia ...
Malaysia's former Prime Minister Najib Razak gears up for graft trial with charm offensive
Disgraced former Malaysian Prime Minister Najib Razak has been out in recent weeks campaigning as if for an election, trying to shed the image of a wealthy politician and elicit public sympathy before his corruption trial begins on Tuesday. Najib has pleaded not guilty to ...
Malaysian fugitive Jho Low and four others hit with fresh 1MDB charges
Malaysian police filed fresh criminal charges and issued arrest warrants for fugitive financier Low Taek Jho and four others wanted in connection with a multibillion-dollar scandal at state fund 1MDB, officials said on Wednesday. Low, popularly known as Jho Low, has been identified by Malaysian ...
The cover-up: Malaysian officials reveal just how much 1MDB probe was obstructed
The government of former Malaysian Prime Minister Najib Razak spent years systematically obstructing probes into the alleged looting of state fund 1MDB while also ruthlessly muzzling critics, according to current and former government officials. They said the meddling in the investigation by the Malaysian Anti-Corruption ...
Malaysia freezes bank accounts of Najib's party in 1MDB probe
Malaysia's anti-graft agency has frozen bank accounts of the political party once led by former premier Najib Razak as part of its probe into beleaguered state fund 1Malaysia Development Bhd, media reported on Friday. Najib's United Malays National Organisation (UMNO) is believed to have received ...
In interview, Malaysia's Najib says advisers hid corruption from him
Former Malaysian Prime Minister Najib Razak says he shouldn't be blamed for the multibillion-dollar 1MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account. He does, though, have explanations for the vast sums of cash, luxury handbags ...
Malaysia's finance ministry said Wednesday it would dissolve the board of advisers at 1Malaysia Development Berhad (1MDB) and take over its remaining assets, in an apparent move to scale down a state fund whose scandals have rocked the government. Parliament's Public Accounts Committee (PAC) last ...
Malaysia's Najib says 'conscience clear' as funding scandal festers
Malaysian Prime Minister Najib Razak said he had done nothing wrong in receiving hundreds of millions of dollars into his personal bank accounts, as his party opened its annual meeting on Tuesday amid tensions over a festering funding scandal. Najib has so far weathered calls ...
The Malaysian attorney general's office said on Thursday it had reviewed the report of a central bank investigation into troubled state fund 1MDB and decided that fund officials had not committed any offense. The statement comes in response to rare intervention in public affairs by ...
