Malaysia appeal court upholds jail sentence on former PM World

Malaysia appeal court upholds jail sentence on former PM

A court of appeal in Putrajaya, Malaysia, on December 8 upheld former Prime Minister Najib Razak’s 12 imprisonment sentence over his scandal at 1Malaysia Development Berhad sovereign wealth fund that contributed to his government’s downfall in 2018.
Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Corruption trial of former Malaysian PM resumes World

Corruption trial of former Malaysian PM resumes

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.