Malaysia’s former PM Najib Razak begins appeal against corruption conviction, jail sentence

Malaysia’s Court of Appeal on Monday began hearing a bid by former Prime Minister Najib Razak to set aside his conviction on corruption charges in a case linked to a multi-billion dollar scandal at state fund 1MDB. Najib, who was voted out in a historic 2018 election, faces several trials over allegations that $4.5 billion… Read More Malaysia’s former PM Najib Razak begins appeal against corruption conviction, jail sentence

Malaysian court approves graft trial of wife of former PM Najib Razak

A Malaysian court on Thursday ordered Rosmah Mansor, the wife of former Prime Minister Najib Razak, to enter a defence in a corruption trial linked to a multi-million dollar project approved while the ex-premier was still in power. Dozens of graft charges were filed against the couple after Najib lost the 2018 election, amid anger… Read More Malaysian court approves graft trial of wife of former PM Najib Razak

Malaysia withdraws criminal case against Goldman Sachs over 1MDB bond sales

Malaysian prosecutors on Friday withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organize for a state fund, the Bernama state news agency reported. The move comes after Goldman Sachs agreed to pay $3.9 billion to Malaysia to settle a probe into its alleged… Read More Malaysia withdraws criminal case against Goldman Sachs over 1MDB bond sales

Former Malaysian PM Najib Razak sentenced to twelve years imprisonment for corruption

Malaysia’s former leader, Najib Razak, was found guilty of corruption and sentenced to 12 years in jail on Tuesday in the first trial over a multi-billion-dollar scandal at state fund 1MDB that stretched to the Gulf states and Hollywood. In a case widely seen as a test of the nation’s resolve to stamp out corruption… Read More Former Malaysian PM Najib Razak sentenced to twelve years imprisonment for corruption

Malaysian judge finds former PM Najib Razak guilty of corruption in 1MDB case

Malaysia’s former prime minister Najib Razak was found guilty of corruption on Tuesday in the first trial linked to a multi-billion dollar scandal at state fund 1Malaysia Development Berhad (1MDB). The case has been widely seen as a test for Malaysia’s efforts to stamp out corruption and could have big political implications for the Southeast… Read More Malaysian judge finds former PM Najib Razak guilty of corruption in 1MDB case

Malaysia pursues recovery of nearly $1billion disbursed by former 1MDB subsidiary

Malaysia is pursuing civil action to recover about 4 billion ringgit (an equivalent of $954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the finance minister said on Wednesday. It is the latest action by Malaysian authorities seeking to recover billions of dollars allegedly… Read More Malaysia pursues recovery of nearly $1billion disbursed by former 1MDB subsidiary

Malaysian police raid Deloitte office over 1MDB scandal

Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on Thursday to search for documents and records related to a multibillion-dollar scandal at state fund 1MDB, two police sources said. Investigators seized documents and records related to the firm’s dealings with 1Malaysia Development Berhad (1MDB), one of the sources said. Deloitte confirmed that… Read More Malaysian police raid Deloitte office over 1MDB scandal

Malaysian prosecutors file fresh charges against former PM Najib Razak

Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged theft of billions of dollars from the fund. Anti-graft investigators this week questioned Najib and the former fund official over accusations that the former premier’s… Read More Malaysian prosecutors file fresh charges against former PM Najib Razak