The Malaysian producer of Hollywood film “The Wolf of Wall Street” and stepson of the country’s disgraced ex-leader was on Friday charged with illegally receiving almost $250 million from state fund 1MDB.
Malaysia’s ex-prime minister Najib Razak played a pivotal role in plundering the state’s 1MDB fund and channelled hundreds of millions of dollars into his own bank account,
Malaysia is looking to locate at least 18 billion ringgit ($4.34 billion) worth of further assets linked to a scandal at state fund 1MDB, and is working with at least five nations to recover the amount, its anti-corruption chief said on Tuesday.
Goldman Sachs has been in talks with authorities in Malaysia to drop criminal charges against three subsidiaries of the bank in connection with the 1MDB scandal, the Southeast Asian country’s top prosecutor told the Nikkei Asian Review.
Malaysia filed criminal charges on Friday against 17 current and former directors of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan over the
Malaysian ex-leader Najib Razak's most significant 1MDB trial, which centres on claims huge sums ended up in his bank account, was postponed on Monday for a week after prosecutors said they were not ready.
A Malaysian court on Monday ordered former Prime Minister Najib Razak to present his defence against seven counts of criminal breach of trust, money laundering and abuse of power in a case linked
Former Malaysian Prime Minister Najib Razak took to the witness box for the first time on Tuesday to defend himself on criminal charges linked to a multibillion-dollar scandal at state fund 1Malaysia Development Bhd (1MDB).
Former Malaysian leader Najib Razak’s third corruption trial opened on Monday, with prosecutors saying Najib had tampered with a government audit of the 1MDB