Malaysia is looking to recover about $5 billion worth of foreign assets linked to state fund 1MDB, set up in 2009 by then prime minister Najib Razak and the subject of money laundering probes, an anti-graft official said on Friday.
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.
Toppled Malaysian leader Najib Razak returned to court for the second day of his high-profile corruption trial on Monday, with the former premier accused of plundering large sums from a unit of sovereign wealth 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 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).
The current crisis began when Mahathir and Anwar's ruling "Pact of Hope" alliance, which stormed to a historic victory two years ago against Najib's government, collapsed a week ago.