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Malaysia seeking fines of $100 million in expanded 1MDB probe

Oct 10, 2019 - 7:21 AM

The Malaysian Anti-Corruption Commission says it hopes to recover roughly 420 million ringgit ($100 million) from 80 individuals, companies and political parties – including Nazir Razak, the brother of former prime minister Najib Razak

The 1 Malaysia Development Berhad (1MDB) logo is seen on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur on July 8, 2015. A government task force investigating a Malaysian state-owned investment fund seized documents from its offices on July 8 after a probe allegedly found hundreds of millions of dollars in the prime minister's personal bank accounts. AFP PHOTO / MANAN VATSYAYANA / AFP / MANAN VATSYAYANA

Malaysia ex-PM Najib 'pivotal' in 1MDB plunder, trial hears

Aug 28, 2019 - 1:03 PM

(UPDATED) Wednesday's trial is the biggest, with Najib Razak accused of 21 counts of money-laundering and 4 of abuse of power, on allegations he illicitly obtained 2.28 billion ringgit from 1MDB

NAJIB RAZAK. Malaysia's former prime minister Najib Razak (C) arrives at the High Court in Kuala Lumpur on August 28, 2019. Photo by Mohd Rasfan/AFP

Malaysian prosecutors wrap up first case against Najib

Aug 27, 2019 - 6:07 PM

With the prosecution now finished, a judge will hear arguments from both sides in October and rule on November 11 whether the case is strong enough to continue

1MDB. In this file photo, former Malaysian prime minister Najib Razak arrives for a court appearance at the Duta court complex in Kuala Lumpur on July 4, 2018. File photo by Mohd Rasfan/AFP

Malaysia ex-PM Najib's major 1MDB trial postponed

Aug 19, 2019 - 12:04 PM

It is the second trial linked to state fund 1Malaysia Development Berhad that Najib Razak is due to face since his long-ruling coalition suffered a shock election loss last year.

NAJIB RAZAK. Malaysia's former prime minister Najib Razak arrives at the Kuala Lumpur High Court for his trial over 1MDB corruption allegations in Kuala Lumpur on August 19, 2019. Photo by Mohd Rasfan/AFP

Malaysia files charges against 17 current, ex-Goldman execs over 1MDB

Aug 09, 2019 - 2:38 PM

Billions of dollars are looted from the country's sovereign wealth fund 1Malaysia Development Berhad in a globe-spanning fraud

KUALA LUMPUR - JULY 12: Board showing 1MDB on July 12, 2015 at KL Malaysia. The scandal on 1MDB involved money transferred to Malaysia Prime Minister's personal bank account.  F By Faiz Zaki

Singapore returning millions linked to Malaysia's 1MDB scandal

Jul 19, 2019 - 1:09 PM

The city-state is one of several countries that launched probes into allegations that billions of dollars were misappropriated from Malaysian sovereign wealth fund 1MDB

A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. A government task force investigating a Malaysian state-owned investment fund seized documents from its offices on July 8 after a probe allegedly found hundreds of millions of dollars in the prime minister's personal bank accounts. AFP PHOTO / MANAN VATSYAYANA

Hollywood producer Riza Aziz arrested in Malaysia over 1MDB scandal

Jul 04, 2019 - 7:25 PM

'The Wolf of Wall Street' producer Riza Aziz was arrested on the suspicion of money laundering

Ex-Goldman banker pleads not guilty on 1MDB charges in U.S. court

May 07, 2019 - 10:03 AM

Malaysian Ng Chong Hwa, a former managing director at the bank charged in both Malaysia and America over the 1MDB fraud, is extradited to the US, Malaysian attorney-general Tommy Thomas says

Diamonds bought with stolen 1MDB money to be handed to U.S.

May 02, 2019 - 7:34 PM

A spokesman for Jho Low says he is 'pleased to learn that the United States Department of Justice and all the relevant parties are working to amicably resolve these matters'

1MDB. A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. File photo by Manan Vatsayana/AFP

Malaysia ex-PM Najib's 1MDB graft trial resumes

Apr 15, 2019 - 6:39 PM

Najib Razak earlier denies 7 charges related to the theft of 42 million ringgit ($10.2 million) from SRC International, a former 1MDB unit

NAJIB RAZAK. Malaysia's former prime minister Najib Razak arrives at the Kuala Lumpur High Court for his trial over 1MDB corruption allegations in Kuala Lumpur on April 15, 2019. Photo by AFP

Malaysia ex-PM Najib goes on trial over 1MDB mega-scandal

Apr 03, 2019 - 12:07 PM

(UPDATED) Najib Razak faces the first of several trials over his alleged involvement in the looting of sovereign wealth fund 1MDB, a state investment vehicle established to develop the economy of the Southeast Asian nation

TRIAL. File photo of Malaysia's former prime minister Najib Razak. Photo by Mohd Rasfan/AFP

Toppled Malaysian leader's 1MDB trial delayed

Feb 11, 2019 - 2:12 PM

(UPDATED) Najib Razak's lawyers have filed an application for the trial to be delayed pending an appeal on a technicality related to the transfer of charges between different courts

NAJIB RAZAK. In this file photo from December 12, 2018, former Malaysia prime minister Najib Razak (C) leaves the courthouse in Kuala Lumpur. File photo by Mohd Rasfan/AFP)

Malaysia's toppled leader to go on trial over 1MDB scandal

Feb 10, 2019 - 2:27 PM

Former prime minister Najib Razak and his cronies are accused of stealing $4.5 billion from Malaysian sovereign wealth fund 1MDB

1MDB SCANDAL. In this file photo, Former Malaysian prime minister Najib Razak arrives for a court appearance at the Duta court complex in Kuala Lumpur on July 4, 2018. File photo by Mohd Rasfan/AFP

Malaysia scraps multi-billion dollar China-backed project

Jan 26, 2019 - 2:26 PM

If the project was not terminated, Malaysia would have to pay an annual 500 million ringgit interest payment

MALAYSIA. The Perdana Putra, which is located in Putrajaya, is the seat of power of the Malaysian federal government's executive as it houses the office complex of the Malaysian Prime Minister. Photo by King Rodriguez / Presidential Photo

Malaysia probes claim China offered to bail out 1MDB

Jan 08, 2019 - 3:50 PM

The Wall Street Journal reports Chinese officials offered in 2016 to help bail out the debt-mired 1MDB, and said they would try to use their influence to get countries to drop investigations into the case

1MDB. A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. File photo by Manan Vatsayana/AFP

Goldman Sachs CEO defends bank in 1MDB scandal

Dec 22, 2018 - 7:21 PM

'I cannot stress enough how integrity is a cornerstone of our culture,' newly-installed chief David Solomon says

Goldman says former Malaysia gov't lied, after charges filed

Dec 18, 2018 - 2:21 PM

Goldman says in a statement that 'certain members of the former Malaysian government and 1MDB lied to Goldman Sachs, outside counsel and others about the use of proceeds from these transactions'

HEADQUARTERS. The Goldman Sachs Manhattan headquarters stands in Manhattan on December 17, 2018 in New York City. Malaysia has filed criminal charges against Goldman Sachs and two former executives on Monday over their alleged role in the ransacking of a multibillion-dollar state investment fund. Photo by Spencer Platt/Getty Images/AFP

Malaysia files charges against Goldman over 1MDB scandal

Dec 17, 2018 - 7:28 PM

Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa are accused of misappropriating $2.7 billion, bribing officials and giving false statements

Malaysian ex-leader, former 1MDB head charged

Dec 12, 2018 - 12:45 PM

Malaysian ex-leader Najib Razak has now been hit with a total of 39 charges since losing power, most related to his alleged role in looting 1MDB

1MDB SCANDAL In this file photo, Former Malaysian prime minister Najib Razak arrives for a court appearance at the Duta court complex in Kuala Lumpur on July 4, 2018. File photo by Mohd Rasfan/AFP

Malaysia financier faces new charges in 1MDB scandal

Dec 05, 2018 - 5:05 PM

Fugitive Malaysian financier Low Taek Jho, commonly known as Jho Low, faces new charges of laundering more than $1.0 billion, in a massive corruption scandal surrounding state fund 1MDB

MORE CHARGES. A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. File photo by Manan Vatsayana/AFP

Facebook refuses to delete post critical of Singapore gov't

Nov 10, 2018 - 5:51 PM

Singapore's government agencies slam the posted Facebook article as 'clearly false, defamatory, and attacks Singapore'

FACEBOOK. A big logo created from pictures of Facebook users worldwide is pictured in the company's Data Center, its first outside the US on November 7, 2013 in Lulea, in Swedish Lapland. File photo by Jonathan Nackstrand/AFP

Malaysian in 1MDB scandal denies wrongdoing after U.S. charges

Nov 02, 2018 - 2:42 PM

Low Taek Jho, commonly known as Jho Low, is still at large. His current whereabouts are unknown, although reports have suggested he is in China.

CONTROVERSIAL. This file photo taken on September 22, 2015 shows a Malaysian woman walking past a billboard with the 1 Malaysia Development Berhad (1MDB) logo at the funds flagship Tun Razak Exchange construction site in Kuala Lumpur. File photo by Manan Vatsyayana/AFP

Malaysian leader Mahathir, 93, feeling his age

Nov 01, 2018 - 10:25 PM

The nonagenarian leader jokes during an interview: 'I should be dead now, actually'

Malaysia's Prime Minister Mahathir Mohamad speaks during an interview with Agence France-Presse (AFP) in Putrajaya on November 1, 2018. Six months after winning power in a shock election victory, Mahathir, the world's oldest leader at 93, concedes he's exhausted as he battles to rebuild a "destroyed" government. Mohd RASFAN / AFP

Malaysian opposition leader charged in $26 million graft case

Oct 19, 2018 - 6:24 PM

Ahmad Zahid Hamidi, a former deputy premier and ally of scandal-mired ex-leader Najib Razak, is accused of crimes that include accepting bribes to award government contracts and money-laundering

Wife of ex-Malaysian leader charged with money laundering

Oct 04, 2018 - 10:55 AM

(UPDATED) Rosmah Mansor, wife of former prime minister Najib Razak, is released on bail after spending the night in detention at the office of the country's anti-corruption agency

Rosmah Mansor (top C), wife of former Malaysian prime minister Najib Razak, is escorted by police personnel during her arrival at court in Kuala Lumpur on October 4, 2018. Photo by Manan Vatsyayana/AFP

Malaysia ex-PM's wife quizzed for almost 13 hours in graft probe

Sep 26, 2018 - 11:52 PM

Officials are said to be in the final stages of investigating Rosmah Mansor over the alleged looting of state fund 1MDB and she could reportedly be charged soon

MAGNET OF CONTROVERSY. Rosmah Mansor (center), the wife of former Malaysian prime minister Najib Razak, leaves the Malaysian Anti-Corruption Commission headquarters after giving a statement in Putrajaya, on the outskirts of Kuala Lumpur, on June 5, 2018. File photo by Mohd Rasfan/AFP

Lawyer for ex-Malaysian leader Najib arrested, charged

Sep 13, 2018 - 6:40 PM

Shafee Abdullah is slapped with 4 money laundering charges at the Sessions Court, where he pleaded not guilty and was released on bail

ARRESTED. Shafee Abdullah, (C), chief lawyer of Malaysia's former prime minister Najib Razak is escorted by Malaysian Anti-Corruption Commission (MACC) officers to a court in Kuala Lumpur on September 13, 2018. Photo by Mohd Rasfan/AFP

Malaysian ex-PM Najib charged with money laundering

Aug 08, 2018 - 1:51 PM

Najib Razak pleads not guilty to 3 counts of money laundering. He faces up to 15 years in jail for each charge.

NAJIB RAZAK. Malaysia's former prime minister Najib Razak speaks to the media after being questioned at the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya on May 24, 2018. File photo by Mohd Rasfan/AFP

Luxury yacht linked to 1MDB scandal arrives in Malaysia

Aug 07, 2018 - 3:04 PM

(UPDATED) Equanimity belongs to Jho Low, an international financier who allegedly played a central role in the 1MDB controversy that has engulfed former prime minister Najib Razak

EQUANIMITY. The Cayman Island-registered vessel Equanimity, which is reportedly worth some US$250 million and is owned by Jho Low, a former unofficial adviser to the Malaysian fund 1MDB, is pictured at Benoa harbour on Indonesia's resort island of Bali on April 13, 2018. File photo by Sonny Tumbelaka/AFP

Malaysia to take possession of 1MDB-linked yacht from Indonesia

Aug 05, 2018 - 6:40 PM

The Cayman Islands-registered Equanimity is worth $250 million and was bought by a former unofficial adviser of the 1MDB investment fund

Malaysia issues arrest warrant for financier over 1MDB scandal

Jun 08, 2018 - 6:10 PM

Malaysian Prime Minister Mahathir Mohamad tells a press conference that authorities were 'trying to arrest Jho Low but he is not in the country'

LOOKING FOR JHO LOW.Malaysia's Prime Minister Mahathir Mohamad listens to questions from a journalist during a press conference in Kuala Lumpur on June 1, 2018. Photo by Mohd Rasfan/AFP

#ThewRap: Things you need to know, June 8, 2018

Jun 08, 2018 - 11:00 AM

Here are the stories you shouldn't miss this Friday

MARITIME DISPUTE. A ship of the China Coast Guard near Scarborough Shoal, September 3, 2016. File photo from the Philippine Department of National Defense

Malaysia's central bank chief latest to fall as 1MDB probes accelerate

Jun 06, 2018 - 6:56 PM

(UPDATED) Muhammad Ibrahim is the latest leading public figure to either quit or be forced from his post after the return to power of Mahathir Mohamad

CONTROVERSIAL. Rosmah Mansor (left), wife of the former Malaysian prime minister Najib Razak, arrives to give a statement at the Malaysian Anti-Corruption Commission headquarters in Putrajaya, outside Kuala Lumpur on June 5, 2018. Photo by Mohd Rasfan/AFP

Malaysia sets up task force to probe 1MDB scandal

May 21, 2018 - 3:47 PM

The special task force will be charged with seizing back assets and pursuing legal action against those suspected of breaking the law in relation to the fund

1MDB TASK FORCE. This picture taken on December 6, 2016 shows Malaysia's former prime minister Mahathir Mohamad speaking during an interview with AFP at his office in Putrajaya. File photo by Manan Vatsyayana/ AFP

Lurid tale of bribery and murder looms anew for Malaysia's Najib Razak

May 19, 2018 - 2:39 PM

Malaysia's new government vows to investigate the unresolved scandals involving its former prime minister, including the mysterious killing of his mistress

ON THE HOT SEAT. Defeated Malaysian prime minister Najib Razak is expected to face more trials on various scandals that hounded him over the years. Photo from Najib's Facebook page

Malaysia's Anwar Ibrahim urges voters to oust scandal-hit government

May 08, 2018 - 9:01 PM

The unlikely Anwar Ibrahim-Mahathir Mohammad partnership is one of the most remarkable aspects of a gruelling campaign for an election many expect to be one of the Malaysia's closest ever

Malaysia's scandal-hit PM faces tough fight as poll battle starts

Apr 28, 2018 - 3:32 PM

The 11-day campaign is formally under way, with 222 parliamentary seats up for grabs

CAMPAIGN TRAIL. Malaysia's Prime Minister Najib Razak waves as he leaves after submitting his documents at the nomination center in Pekan on April 28, 2018. Photo by Mohd Rasfan/AFP

Malaysian PM announces dissolution of parliament for tough election

Apr 06, 2018 - 12:56 PM

Following the dissolution, the election commission will announce the date for the polls in the coming days

ANNOUNCEMENT. A man watches televisions on display at a shopping mall store as Malaysian Prime Minister Najib Razak announces the dissolution of Parliament as he addresses the nation during a live telecast in Kuala Lumpur on April 6, 2018. Photo by Mohd Rasfan/AFP

Malaysia approves 'fake news' law despite outcry

Apr 03, 2018 - 2:58 PM

The law targets foreign as well as local media, and is seen in part as an effort to silence criticism of the scandal surrounding sovereign wealth fund 1MDB that has rocked the administration of Prime Minister Najib Razak

Malaysia's Mahathir Mohamad named opposition PM candidate

Jan 08, 2018 - 12:46 PM

The former long-time Prime Minister agrees to make way for jailed opposition leader Anwar Ibrahim – his former nemesis turned political ally – to become prime minister on his release from prison if Anwar is granted a royal pardon

HE'S BACK. Former Malaysian prime minister Mahathir Mohamad delivers a speech after he was elected as the opposition's prime ministerial candidate during the four-party coalition Pact of Hope (Pakatan Harapan) convention in Shah Alam, outside Kuala Lumpur on January 7, 2018. Photo by Mohd Rasfan/AFP

Singapore hands life ban to banker in 1MDB-linked cases

Dec 19, 2017 - 2:49 PM

Singapore bans a jailed banker from working in its financial services industry for life over his links to the international money-laundering scandal involving neighboring Malaysia's state fund 1MDB

The logo of the Monetary Authority of Singapore is seen on its main building in Singapore on May 24, 2016. Roslan Rahman/AFP

Malaysia's Mahathir quizzed as political tensions rise

Dec 13, 2017 - 6:48 PM

Political tensions are rising, with Mahathir – who was premier for 22 years – gearing up to take on Prime Minister Najib Razak at elections that must be called by August

QUIZZED. This picture taken on December 6, 2016 shows Malaysia's former prime minister Mahathir Mohamad speaking during an interview with Agence France-Presse at his office in Putrajaya. Manan Vatsyayana/AFP

Martial law, AMLA amendment, Mahathir | Evening wRap

Jul 19, 2017 - 8:16 PM

Watch the evening newscast with Marguerite de Leon

Former Malaysia leader challenges PM to attend 1MDB meet

Jul 19, 2017 - 8:21 AM

Mahathir 92 has come out of retirement from politics formed his own party and joined forces with his old foe Anwar Ibrahim in an opposition alliance that aims to unseat Najib at elections due by 2018

This picture taken on December 6, 2016 shows Malaysia's former prime minister Mahathir Mohamad speaking during an interview with AFP at his office in Putrajaya. Manan Vatsyayana/AFP

Berita selebriti hari ini: Rabu, 28 Juni 2017

Jun 28, 2017 - 9:58 AM

Rangkuman berita seputar selebriti dan dunia hiburan yang tidak boleh Anda lewatkan

Model Miranda Kerr turns in $8.1M in jewelry tied to Malaysia scandal

Jun 28, 2017 - 6:58 AM

Kerr is among a number of celebrities who have been sucked into the scandal involving the Malaysian fund called 1Malaysia Development Bhd or 1MDB

In this photo, Miranda Kerr attends the 'Rei Kawakubo/Comme des Garcons: Art Of The In-Between' Costume Institute Gala at Metropolitan Museum of Art on May 1, 2017 in New York City. Mike Coppola/Getty Images for People.com/AFP

Diduga terkait skandal 1MDB, Leonardo diCaprio serahkan Piala Oscar

Jun 17, 2017 - 8:07 PM

Piala Oscar milik Marlon Brando diserahkan oleh rumah produksi Red Granite yang didirikan oleh menantu PM Malaysia

PIALA OSCAR. Aktor Leonardo diCaprio serahkan Piala Oscar milik aktor legendaris Marlon Brando ke otoritas Amerika Serikat. Piala Oscar itu diberikan oleh rumah produksi Red Granite yang didirikan oleh menantu PM Najib Razak. Foto oleh Will Oliver/EPA

Singapore fines Credit Suisse, local bank over 1MDB

May 30, 2017 - 12:12 PM

The Monetary Authority of Singapore MAS the country s central bank said it also imposed lifetime bans on two bankers and a 15 year prohibition order on a third

A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. Manan Vatsyayana/AFP

U.S. to charge Malaysia businessman in 1MDB scandal – report

Mar 22, 2017 - 2:07 PM

Allegations that huge sums were misappropriated from the Malaysian state fund 1MDB have triggered a scandal which has buffeted Prime Minister Najib Razak

CONTROVERSIAL. This file photo taken on September 22, 2015 shows a Malaysian woman walking past a billboard with the 1 Malaysia Development Berhad (1MDB) logo at the funds flagship Tun Razak Exchange construction site in Kuala Lumpur. Manan Vatsyayana/AFP

Swiss charged in Singapore over Malaysia's 1MDB saga

Jan 05, 2017 - 1:15 PM

Jens Fred Sturzenegger 42 who headed the Singapore branch of Swiss lender Falcon Private Bank is slapped with 6 charges for allegedly failing to report suspicious transactions totaling 1 7 billion in March 2013

A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. Manan Vatsyayana/AFP