Singapore has recently returned to Malaysia about 16.3 million USD linked to a multibillion-dollar scandal at the state fund 1Malaysia Development Berhad (1MDB), the Malaysian Anti-Corruption Commission said on November 19.
A Malaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB) fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaid taxes over seven years while he was still in office, the National News Agency Bernama of Malaysia reported.
Malaysian government prosecutors on June 9 withdrew corruption charges against Musa Aman, a senior figure in the United Malays National Organisation (UMNO) of former Prime Minister Najib Razak, who related to the 1Malaysia Development Berhad (1MDB) fund.
Malaysia would reject a settlement offer of 3 billion USD from Goldman Sachs related to the 1Malaysia Development Bhd (1MDB) financial scandal, said Finance Minister Zafrul Aziz.
The US Department of Justice (DoJ) on April 14 said it has repatriated another 300 million USD recovered from asset seizures linked to the 1Malaysia Development Berhad (1MDB) to the Southeast Asian nation.
A Malaysian court has postponed for a week the biggest of five trials linked to a multibillion-dollar corruption scandal at the state fund 1MDB and allegedly involving former Prime Minister Najib Razak.
Malaysia's former Prime Minister Najib Razak and an ally on October 25 were charged with allegedly looting USD 1.6 billion of public money, the latest accusations against him in the case associated with the scandal-plagued 1Malaysia Development Berhad (1MDB) fund.
Former Malaysian Prime Minister Najib Razak was questioned again by the Malaysian Anti-Corruption Commission (MACC) on October 16 on what related to the scandal-hit state fund 1Malaysia Development Berhad (1MDB).
Malaysia and Singapore agreed to work together on the investigation into a multi-billion-dollar scandal at Malaysia's State investment fund 1Malaysia Development Berhad (1MDB).
The Monetary Authority of Singapore (MAS) on March 13 announced its punishments on former banking officials found involving in the money-laundering activity of the 1MDB Fund.
Malaysia will take legal action against individuals named in civil lawsuits filed by US prosecutors, if there is evidence that they defrauded the “1MDB Fund”.
The Malaysian Government said on July 21 that it will fully work with any lawful investigation after US prosecutors started to seize over 1 billion USD in assets related to the “1MDB fund”.
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