China denied Thursday it was harboring a fugitive financier wanted over the massive 1MDB corruption scandal, after Malaysian police said he was hiding in Macau. Low Taek Jho, commonly known as Jho Low, is accused of being the mastermind behind a fraud that saw billions ...
Conviction of Malaysia's Najib Razak bolsters current leader's hopes of staying on
The court decision could bolster Prime Minister Muhyiddin Yassin’s political capital at a time when his administration controls a razor-thin majority in parliament.
Najib Razak, Malaysia’s former prime minister, found guilty in graft trial
A Malaysian court Tuesday found Najib Razak, the country’s former prime minister, guilty of corruption on charges stemming from the disappearance of $4.5 billion from a government investment fund he once controlled.
Graft verdict for ex-leader a test of Malaysia's rule of law
The decision will also impact Malaysia’s international reputation, shaping its credibility over how it conducts business.
Malaysia faces crucial graft test as Najib’s first 1MDB verdict looms
Malaysian former prime minister Najib Razak, fighting dozens of charges over a multi-billion-dollar graft scandal at state fund 1MDB, faces his first verdict on Tuesday in a landmark case that tests the country's efforts to stamp out corruption and could have big political implications. Najib ...
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 ...
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 ...
