Malaysia sends former Goldman Sachs banker to US World

Malaysia sends former Goldman Sachs banker to US

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.
Support programme improves Ben Tre start-up climate Business

Support programme improves Ben Tre start-up climate

In three years since it launched the Dong Khoi Start-ups and Enterprise Development Programme, the southern province of Ben Tre has adopted many policies to support start-ups, leading to a rise in the number of businesses and jobs, and economic growth, officials told a review conference held recently.
Malaysia opens first trial for former PM Najib Razak World

Malaysia opens first trial for former PM Najib Razak

After several delays, Malaysia finally opened the trial on April 3 for former Prime Minister Najib Razak, who faces corruption charges relevant to the scandal at the state investment fund 1Malaysia Development Berhad (1MDB).
Selling shares to foreign investors, VCB’s charter capital up Business

Selling shares to foreign investors, VCB’s charter capital up

The charter capital of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has risen by 3 percent to 37.1 trillion VND (1.6 billion USD) after its recent sale of more shares to two strategic investors - the Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.
Ex-Goldman Sachs banker denied bail in Malaysia World

Ex-Goldman Sachs banker denied bail in Malaysia

A Malaysian court declined to grant bail on January 7 to Ng Chong Hwa, former leader of the US’ Goldman Sachs multinational investment bank, who faces charges related to suspected money laundering of funds siphoned off from Malaysia's State investment fund 1Malaysia Development Berhad (1MDB).
Joint trial to be held for former Malaysian PM, former 1MDB CEO World

Joint trial to be held for former Malaysian PM, former 1MDB CEO

The Sessions Court of Kuala Lumpur decided on January 4 that a joint trial will be held for both former Malaysian Prime Minister Najib Razak and former 1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy for allegedly tampering a 1MDB audit report.