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Malaysia 1MDB scandal

Malaysia 1MDB scandal
1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 million wired into Prime Minister Najib’s bank accounts. Both the fund and the premier denied wrongdoing, but the attorney general launched an investigation into alleged graft. 1MDB was 42 billion ringgit (HK$86 billion) in debt at the time of the scandal.
Protesters carry a sign with Malaysia’s anti-corruption chief Azam Baki’s face at a rally on Sunday. Photo: SCMP files
Malaysia

Malaysia summons anti-corruption chief in stock ownership probe

Civil society groups and protesters are seeking an investigation into allegations surrounding abuse of power, unexplained wealth and regulatory extortion.

Malaysia

Malaysia seeks to seize Saudi prince’s overseas assets worth US$115 million

Malaysia

‘Not political gift’: sultan’s comment on pardons stirs debate over Najib’s case

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Malaysia

1MDB convict and ex-Goldman banker Leissner seeks pardon from Trump

The German citizen is scheduled to begin serving his two-year jail term at a facility in Southern California early next month.

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Former Goldman Sachs banker Tim Leissner arrives at a court in New York last year. Photo: AFP
Malaysia

Malaysia’s Umno chief denies he ‘sidelined’ Najib to save himself

Ahmad Zahid, who has been cleared of corruption charges, says the party has ‘never wavered’ from its position of supporting its ex-leader.

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Malaysia

Malaysia’s Umno seeks Najib’s pardon amid 1MDB scandal, but stay in coalition

Umno divisions demand justice for the jailed ex-PM, yet leadership rejects calls to exit unity government ahead of the annual assembly.

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Malaysia

Malaysia drops corruption probe into PM Anwar’s deputy, Ahmad Zahid

Prosecutors cite insufficient evidence to charge Ahmad Zahid, whose party is crucial to maintaining PM Anwar’s parliamentary majority.

Ahmad Zahid leaves the High Court in September 2023, after it dismissed 47 corruption charges against him. Photo: dpa
Malaysia

Malaysia’s Najib Razak challenges 15-year jail term in 1MDB case

A court last week ordered Najib to begin ‍serving the additional sentence after his current six-year prison term ends in 2028.

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Malaysia

Najib’s new 1MDB verdict deepens Umno rifts, testing Malaysia’s unity government

The jail term for the former prime minister has reignited grass roots anger and raised questions over Umno’s future inside Anwar’s coalition.

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Najib Razak

Video | Disgraced ex-Malaysian PM Najib guilty in final 1MDB case

The disgraced former prime minister was found guilty in the final criminal trial stemming from the corrupt 1MDB fund.

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Malaysia

Malaysia’s Najib sentenced to 15 years in jail for abuse of power in 1MDB saga

The ruling comes after a years-long trial in the financial fraud that saw more than US$4.5 billion plundered from the state fund.

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Malaysia’s former prime minister Najib Razak is escorted by prison guards at the Kuala Lumpur Court complex on Monday. Photo: Reuters
Malaysia

With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?

The High Court will rule on abuse of power and money laundering charges, with Najib facing the prospect of lengthy prison terms if found guilty.

Malaysia

Najib’s children lament Malaysian court ruling – ‘we thought he was coming home’

The ex-prime minister has lost his case to have his imprisonment commuted to house arrest based on a supposed royal decree.

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Malaysia

Why Malaysian court ruling against Najib is dividing Anwar’s coalition

A comment by a DAP member that is perceived as celebrating Najib’s legal setback has been slammed by Umno’s leaders.

Former Malaysian prime minister Najib Razak escorted by prison officers on his arrival at the Kuala Lumpur High Court Complex on Monday. Photo: AP
Malaysia

Malaysian court blocks Najib’s bid for house arrest

Monday’s decision keeps the former prime minister behind bars as he awaits the outcome of the far larger 1MDB case on Friday.

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Former Malaysian prime minister Najib Razak is escorted by prison officers on his arrival at the Kuala Lumpur High Court Complex on Monday. Photo: AP
Malaysia

Malaysia to get back US$30 million worth of fine art linked to 1MDB scandal

The 12 artworks, including pieces by Picasso and Matisse, were bought by a former lawyer for the state investment fund.

Malaysia

Najib’s wife cleared as Malaysia drops money laundering, tax evasion appeal

The prosecution said it could not definitively prove that Rosmah Mansor committed the offences.

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Jho Low

Fugitive Jho Low’s sister and associate ordered to pay US$2.8 billion to 1MDB

The judge noted that May Lin and associate Eric Tan failed to appear in court, resulting in a massive default judgment in the ongoing 1MDB suit.

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Jho Low, CEO of Jynwel Capitial Limited, is interviewed at his office in Hong Kong in 2015. Photo: SCMP
Singapore

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

The lawsuit alleges Standard Chartered enabled acts of fraud leading to US$2.7 billion in losses over a decade. The bank plans to appeal.

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Malaysia

Najib, son face bankruptcy after Malaysian court’s tax ruling

Malaysia’s revenue board initiated the proceedings after the former prime minister and his son failed to settle their tax arrears.

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Singapore

Singapore court rejects 1MDB-linked suit against Standard Chartered, BSI

The judge dismissed the liquidators’ suit as the alleged transactions happened before Singapore’s cross-border insolvency law took effect.

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The Standard Chartered logo is seen on its office tower in Singapore’s Marina Bay Financial Centre. Photo: Harvey Kong
Malaysia

From Malaysia to Bangladesh, Asia’s dirty money finds a home in UK property

Investigators from Kuala Lumpur to Dhaka are once again focusing on Britain’s role as a global laundromat for kleptocrats.

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The City of London financial district in London, Britain. Photo: EPA
JPMorgan Chase

JPMorgan settles 1MDB scandal claims with Malaysia for US$330 million

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.

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Malaysia

How Malaysia’s bid to prevent a ‘corrupt-minded society’ is taking a comic turn

Anti-corruption chief Azam Baki turns to comics, films and live-streams to stop Malaysia from becoming a ‘corrupt-minded society’.

Malaysia

Malaysia’s Najib gets legal lifeline in house arrest bid over 1MDB sentence

The ruling has revived the ex-PM’s controversial claim that an ‘addendum’ from the former king would let him serve his sentence at home.

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A supporter of Najib Razak wears a T-shirt displaying the former prime minister’s face outside the Federal Court in Putrajaya, Malaysia, on Wednesday. Photo: EPA
Malaysia

Malaysia says no evidence of Jho Low living in China with fake passport

Malaysia’s home minister says the government is working with international authorities to catch the 1MDB fugitive.

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Fugitive Malaysian financier Jho Low. Photo: SCMP
Malaysia

Is 1MDB fugitive Jho Low in China? Malaysian PM vows to investigate new claims

Malaysia’s PM said he would look into fresh claims that 1MDB fugitive Jho Low is living in Shanghai and using a forged Australian passport.

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Malaysia

Malaysia PM’s ex-son-in-law declared bankrupt over US$1.25million ‘friendly loan’

Fashion designer Jovian Mandagie, once married to Ismail Sabri Yaakob’s daughter, was declared bankrupt, adding to scandals surrounding the former leader’s family.

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