A Malaysia court on November 11 ordered the country’s former Prime Minister Najib Razak to present his defence against seven charges in a case linked to a scandal surrounding the 1Malaysia Development Berhad (1MDB) fund.
The Government of Malaysia is looking to locate at least 18 billion ringgit (equivalent to 4.34 billion USD) worth of further assets linked to a scandal at the state fund 1MDB.
The US Department of Justice has reached a deal with Malaysian financier Jho Low to retake almost 1 billion USD in funds Low and his family had misappropriated from Malaysian investment fund 1MDB.
Malaysian Finance Minister Lim Guan Eng has affirmed that former Prime Minister Najib Razak’s government led by the National Front showed the lack of transparency in property transactions worth over 4 billion USD during the 2010 – 2017 period.
Malaysian authorities have ordered 80 individuals and entities to pay fines for allegedly receiving money from the state fund 1Malaysia Development Berhad (1MDB), the Malaysian Anti-Corruption Commission (MACC) said on October 7.
The High Court of Malaysia on August 28 started a hearing on the corruption charges against former Prime Minister Najib Razak in relation to state investment fund 1 Malaysian Development Berhad (1MDB).
Malaysia’s Court of Appeal granted leave to former Prime Minister Datuk Seri Najib Tun Razak and his lawyer Tan Sri Muhammad Shafee Abdullah to commence a judicial review to challenge the legality of the appointment for former Federal Court judge Datuk Seri Gopal Sri Ram as a senior deputy public prosecutor in their trials.
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 has filed criminal charges against 17 current and former directors at subsidiaries of the Goldman Sachs Group of the US in a corruption investigation at the 1Malaysia Development Berhad (1MDB) fund, the country’s attorney general said on August 9.
Singapore is returning almost 40 million USD to Malaysia seized in connection with the 1Malaysia Development Berhad (MDB) scandal, Singaporean police said on July 18.
Credit cards belonging to Malaysia’s former Prime Minister Najib Razak were used to spend over 3.3 million RM (800,000 USD) in a single day at a luxury jeweller in Italy, a court in Kuala Lumpur has heard during his trial.
Riza Shahriz Abdul Aziz, stepson of former Malaysian Prime Minister Najib Razak, on July 5 faced five counts of laundering money from the state fund 1Malaysia Development Berhad (1MDB).
Riza Shahriz Abdul Aziz, a stepson of former Malaysian Prime Minister Najib Razak, was arrested by the country's anti-corruption body on July 4 and is expected to be charged for money laundering.
The Magistrate’s Court of Malaysia on June 24 fixed September 30 for the criminal case against US investment bank Goldman Sachs’s issuance of bonds involving 6.5 billion USD related to the 1 Malaysia Development Berhad (MDB) investment fund.
The Malaysian Anti-Corruption Commission (MACC) has launched legal action against 41 individuals and organisations to recover about 65 million USD stolen from scandal-hit state fund 1MDB.
Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on May 23 as part of a widening probe into a multibillion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB).
The US government has begun returning to Malaysia some 200 million USD recovered from asset seizures linked to the latter’s state investment fund 1MDB, the two countries announced on May 7.
Malaysia has extradited a former Goldman Sachs leader to the US to face criminal charges linked to a multi-billion dollar scandal at Malaysia’s state investment fund, 1Malaysia Development Berhad (1MDB), reported daily financial newspaper The Edge on May 6.
Former Malaysian Prime Minister Najib Razak returned to court for the second day of his high-profile corruption trial in Kuala Lumpur on April 15, with the former PM accused of plundering large sums of money from sovereign wealth fund 1MDB.
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