Najib Razak trial: Former Malaysian PM found guilty on all charges in 1MDB corruption trial
4 years, 4 months ago

Najib Razak trial: Former Malaysian PM found guilty on all charges in 1MDB corruption trial

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The former Malaysian prime minister Najib Razak has been found guilty on all seven corruption charges in his first trial over the multi-billion dollar scandal involving the 1Malaysia Development Berhad state fund. Accused of extensive misappropriation from the state fund which he founded, Najib’s corruption trial marked a stunning fall from grace for a politician who led his country for almost 10 years until 2018. A judge at the Kuala Lumpur Hight Court sentenced Najib to serve 12 years on one count of abuse of power, and 10 years each on six other charges including money laundering. I am ready.” Outrage over the 1MDB scandal contributed significantly to Najib’s defeat in a 2018 general election that saw the return of 92-year-old former prime minister Mahathir Mohamad.

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History of this topic

Malaysia’s scandal-hit 1MDB sues Amicorp, seeks $1bn for alleged fraud
2 days, 14 hours ago

Malaysia’s scandal-hit 1MDB sues Amicorp, seeks $1bn for alleged fraud

Al Jazeera  

The scandal-hit fund says Amicorp ‘played a vital role’ in facilitating the laundering of more than $7bn. Malaysia’s scandal-hit 1Malaysia Development Berhad fund has said it will sue corporate services provider Amicorp Group and its CEO Toine Knipping for more than $1bn, for allegedly facilitating more than $7bn in fraudulent transactions over a five-year period. It highlighted that Amicorp “played …

Malaysia's ex-PM Najib Razak faces new graft charges, alleged bribe scheme involving $510 million
3 weeks, 3 days ago

Malaysia's ex-PM Najib Razak faces new graft charges, alleged bribe scheme involving $510 million

Firstpost  

The former prime minister, already serving a six-year jail term for corruption related to the plunder of sovereign wealth fund 1MDB, faces several other cases linked to the financial scandal that led to his defeat in 2018 elections Former Malaysian Prime Minister Najib Razak escorted by prison officers as the jailed politician left the court after court proceedings in Kuala …

Malaysian court drops one of the graft cases against jailed former premier Najib Razak
4 weeks ago

Malaysian court drops one of the graft cases against jailed former premier Najib Razak

Associated Press  

KUALA LUMPUR, Malaysia — A Malaysian court on Wednesday dropped charges against jailed former Prime Minister Najib Razak over criminal breach of trust linked to the multibillion-dollar looting of a state fund. But he faces other graft trials including Wednesday’s case in which he was jointly charged with ex-treasury chief Irwan Serigar Abdullah with six counts of misappropriating 6.6 billion …

Malaysia’s Najib loses bid to serve corruption sentence under house arrest
5 months, 3 weeks ago

Malaysia’s Najib loses bid to serve corruption sentence under house arrest

Al Jazeera  

A court in Malaysia has dismissed a bid by jailed former Prime Minister Najib Razak to serve his remaining prison sentence for corruption under house arrest. The decision on Wednesday came in response to a judicial review application filed by Najib on April 1 that said he had clear information that then-King Al-Sultan Abdullah Sultan Ahmad Shah issued an “addendum …

Jailed former Malaysia premier Najib Razak seeks to serve remaining sentence under house arrest
8 months, 3 weeks ago

Jailed former Malaysia premier Najib Razak seeks to serve remaining sentence under house arrest

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Jailed former Malaysia premier Najib Razak seeks to serve remaining sentence under house arrest
8 months, 3 weeks ago

Jailed former Malaysia premier Najib Razak seeks to serve remaining sentence under house arrest

Associated Press  

KUALA LUMPUR, Malaysia — Malaysia’s imprisoned former Prime Minister Najib Razak is seeking to serve the rest of his prison term under house arrest, two months after his sentence in a corruption case was reduced by half. His surprise application filed Monday said he had “clear information” that then-king Sultan Abdullah Sultan Ahmad Shah issued an order during the Jan. …

Malaysia halves prison term for former Prime Minister Najib Razak who oversaw multibillion-dollar 1MDB thefts
10 months, 3 weeks ago

Malaysia halves prison term for former Prime Minister Najib Razak who oversaw multibillion-dollar 1MDB thefts

The Hindu  

Malaysia's Pardons Board said on February 2 it has reduced ex-Prime Minister Najib Razak's 12-year jail sentence by half and sharply cut the fine imposed after he was convicted in a corruption case linked to the theft of billions of dollars from state coffers. Explained | Najib Razak and the 1Malaysia Development Berhad scandal Despite his conviction, Najib is still …

Malaysia's Pardons Board cuts ex-Prime Minister Najib's 12-year prison sentence by half
10 months, 3 weeks ago

Malaysia's Pardons Board cuts ex-Prime Minister Najib's 12-year prison sentence by half

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Malaysia's Pardons Board said Friday …

Malaysia halves prison term for ex-Prime Minister who oversaw multibillion-dollar 1MDB thefts
10 months, 3 weeks ago

Malaysia halves prison term for ex-Prime Minister who oversaw multibillion-dollar 1MDB thefts

Associated Press  

KUALA LUMPUR, Malaysia — Malaysia’s Pardons Board said Friday it has reduced ex-Prime Minister Najib Razak’s 12-year jail sentence by half and sharply cut a fine, less than two years into his sentence from a corruption case linked to the theft of billions of dollars from state coffers. Despite his conviction, Najib is still influential in his party, the United …

Malaysia halves ex-PM Najib Razak’s jail term in 1MDB corruption scandal
10 months, 3 weeks ago

Malaysia halves ex-PM Najib Razak’s jail term in 1MDB corruption scandal

Al Jazeera  

Najib, the first prime minister in the country’s history to be jailed, remains on trial in multiple cases related to the fund. Malaysia has halved the sentence of disgraced former Prime Minister Najib Razak, who was convicted and sent to jail for 12 years for corruption in the multibillion-dollar 1MDB scandal. Najib, the first leader in the country’s history to …

Jailed ex-Malaysia PM has a problem with this Netflix show
11 months, 2 weeks ago

Jailed ex-Malaysia PM has a problem with this Netflix show

Hindustan Times  

Malaysia’s jailed former prime minister Najib Razak wants the newly released Man on the Run documentary dropped from Netflix for contemptuous content that his lawyer said would be prejudicial against his ongoing trials. Interviews featured in the documentary on the multibillion-dollar 1MDB scandal suggest Najib was at the center of the fraudulent scheme, his lawyer, Muhammad Shafee Abdullah, said in …

Former Malaysian PM’s trial - Questions over judicial conduct.
1 year, 7 months ago

Former Malaysian PM’s trial - Questions over judicial conduct.

Hindustan Times  

Malaysia used to be considered a safe investment destination and a major regional anchor in Southeast Asia given its stable political environment. On March 31, 2023, the judicial review of Najib Razak, ended with a four to one judgement to not substantiate his claims of a blatant denial of his rights as a citizen and the basic justice that was …

Malaysian court rejects ex-PM Najib bid to review corruption case
1 year, 8 months ago

Malaysian court rejects ex-PM Najib bid to review corruption case

Al Jazeera  

Judge dismissed Najib Razak’s case review saying the ex-prime minister was ‘the author of his own misfortunes’. Malaysia’s top court has dismissed a bid by jailed former Prime Minister Najib Razak to review his corruption conviction over the multi-billion dollar scandal at state fund 1MDB, ending Najib’s judicial efforts to challenge the guilty verdict. Najib was jailed last year after …

Ex-Goldman banker Ng sentenced to 10 years over 1MDB scandal
1 year, 9 months ago

Ex-Goldman banker Ng sentenced to 10 years over 1MDB scandal

Al Jazeera  

Ng was last year found guilty of helping his former boss Tim Leissner embezzle money from the sovereign wealth fund. Former Goldman Sachs banker Roger Ng has been sentenced to 10 years in prison after he was convicted of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. A jury in Brooklyn federal court last April found Ng, …

Jailed Malaysia ex-PM Najib Razak acquitted in latest 1MDB trial
1 year, 9 months ago

Jailed Malaysia ex-PM Najib Razak acquitted in latest 1MDB trial

Hindustan Times  

Malaysian former Prime Minister Najib Razak was acquitted Friday in the latest trial in response to the multibillion-dollar looting of the 1Malaysia Development Berhad state fund. Najib, who is serving a 12-year prison term after losing the final appeal in his first of several corruption trials linked to the 1MDB scandal, was found not guilty on the charge of tampering …

Jailed Malaysia ex-PM Najib acquitted in latest 1MDB trial
1 year, 9 months ago

Jailed Malaysia ex-PM Najib acquitted in latest 1MDB trial

Associated Press  

KUALA LUMPUR, Malaysia — Malaysian former Prime Minister Najib Razak was acquitted Friday in the latest trial in response to the multibillion-dollar looting of the 1Malaysia Development Berhad state fund. Najib, who is serving a 12-year prison term after losing the final appeal in his first of several corruption trials linked to the 1MDB scandal, was found not guilty on …

Jailed Malaysia ex-PM Najib acquitted in latest 1MDB trial
1 year, 9 months ago

Jailed Malaysia ex-PM Najib acquitted in latest 1MDB trial

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Malaysian former Prime Minister Najib …

Malaysia’s ex-PM Najib acquitted of tampering with 1MDB audit
1 year, 9 months ago

Malaysia’s ex-PM Najib acquitted of tampering with 1MDB audit

Al Jazeera  

Former leader will remain in prison where he is serving a 12-year sentence on other charges related to the 1MDB scandal. Former Malaysian Prime Minister Najib Razak has been acquitted of audit tampering in connection with the 1MDB scandal but will remain in prison where he is serving a 12-year sentence on other charges. Malaysia’s High Court ruled that prosecutors …

Malaysians vote for ‘hope, stability’ in hotly contested election
2 years, 1 month ago

Malaysians vote for ‘hope, stability’ in hotly contested election

Al Jazeera  

People began queueing before polling stations opened, despite storms and drizzle, as three main coalitions vie for power. Prime Minister Ismail Sabri Yaakob called the election early in a bid to restore “stability” after three prime ministers in almost as many years. “To get to that level of turnout is because young people voted,” said Bridget Welsh, an honorary research …

Jailed Malaysia's ex-PM Najib petitions king for pardon
2 years, 3 months ago

Jailed Malaysia's ex-PM Najib petitions king for pardon

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jailed former Prime Minister Najib …

Jailed Malaysian ex-PM Najib Razak returns to court for 1MDB trial
2 years, 4 months ago

Jailed Malaysian ex-PM Najib Razak returns to court for 1MDB trial

The Hindu  

Jailed Malaysian ex-Prime Minister Najib Razak returned to court on August 25 for a second corruption trial over the pilfering of the 1Malaysia Development Berhad state fund, two days after he began a 12-year prison term for graft. Najib, 69, became Malaysia's first leader to be imprisoned on Tuesday after the country's top court rejected his final appeal in his …

Jailed Malaysian ex-PM Najib returns to court for 1MDB trial
2 years, 4 months ago

Jailed Malaysian ex-PM Najib returns to court for 1MDB trial

Associated Press  

KUALA LUMPUR, Malaysia — Jailed Malaysian ex-Prime Minister Najib Razak returned to court Thursday for a second corruption trial over the pilfering of the 1MDB state fund, two days after he began a 12-year prison term for graft. Najib, 69, was imprisoned Tuesday after the country’s top court rejected his final appeal in his first graft case linked to the …

Jailed Najib fell mightily from peak of Malaysian politics
2 years, 4 months ago

Jailed Najib fell mightily from peak of Malaysian politics

Associated Press  

KUALA LUMPUR, Malaysia — Najib Razak is Malaysia’s first former prime minister to go to prison -- a mighty fall for a British-educated politician whose father and uncle were the country’s second and third prime ministers, respectively. Then-U.S. Attorney-General Jeff Sessions described the scandal as “kleptocracy at its worst.” The Justice Department’s civil case filings also alleged $700 million was …

‘Absolutely glorious’: Malaysians hail jailing of Najib Razak
2 years, 4 months ago

‘Absolutely glorious’: Malaysians hail jailing of Najib Razak

Al Jazeera  

Malaysians say they hope Najib’s jailing serves as a warning against corruption as the former prime minister spends his first day in prison at a complex outside the capital. Najib Razak has become Malaysia’s first former prime minister to go to prison after the country’s top court upheld his corruption conviction and 12-year jail sentence, in a case linked to …

Malaysia ex-PM Najib goes to jail after losing graft appeal
2 years, 4 months ago

Malaysia ex-PM Najib goes to jail after losing graft appeal

Associated Press  

PUTRAJAYA, Malaysia — Malaysian ex-Prime Minister Najib Razak began his 12-year prison sentence Tuesday after losing his final appeal in a graft case linked to the looting of the 1MDB state fund, with the top court unanimously upholding his conviction and sentence. The five-member Federal Court panel said it found the High Court’s decision was correct and that Najib’s appeal …

Malaysia top court upholds ex-PM Najib Razak's graft conviction
2 years, 4 months ago

Malaysia top court upholds ex-PM Najib Razak's graft conviction

The Hindu  

Malaysian ex-Prime Minister Najib Razak lost his final appeal on August 23 in a graft case linked to the looting of the 1MDB state fund, with the top court unanimously upholding his conviction and 12-year prison sentence. The five-member Federal Court panel said it found the High Court judge was right in his judgment and that Najib’s appeal was “devoid …

Malaysia top court upholds ex-PM Najib Razak's graft conviction, 12-year jail sentence
2 years, 4 months ago

Malaysia top court upholds ex-PM Najib Razak's graft conviction, 12-year jail sentence

Firstpost  

Najib faces a total of 42 charges in five separate trials linked to 1MDB, a development fund he set up shortly after taking power in 2009. His loss in his final appeal means he will have to begin serving his 12-year jail sentence immediately, becoming the first former prime minister to be jailed Putrajaya, Malaysia: Malaysia’s top court on Tuesday …

Najib Razak seeks to remove Malaysia's top judge from graft appeal
2 years, 4 months ago

Najib Razak seeks to remove Malaysia's top judge from graft appeal

The Hindu  

Former Prime Minister Najib Razak sought on August 23 to remove Malaysia's top judge from the final appeal against his 12-year prison sentence in a graft case linked to the massive looting of the 1Malaysia Development Berhad state fund, saying she may not be impartial. In a new twist, Najib Razak said in his application that the husband of Chief …

Malaysia’s ex-PM Najib jailed after appeal in 1MDB case rejected
2 years, 4 months ago

Malaysia’s ex-PM Najib jailed after appeal in 1MDB case rejected

Al Jazeera  

Verdict means Najib will serve a 12-year sentence, making him the first former Malaysian prime minister to be jailed. Malaysian ex-Prime Minister Najib Razak has begun a 12-year prison sentence after losing his final appeal in a corruption case linked to the looting of the 1MDB state fund, with the country’s top court unanimously upholding his conviction and sentence. The …

Malaysia’s Najib seeks to remove top judge from 1MDB appeal
2 years, 4 months ago

Malaysia’s Najib seeks to remove top judge from 1MDB appeal

Al Jazeera  

Ex-PM is petitioning Malaysia’s top court to quash his corruption conviction and 12-year jail sentence in case linked to the 1MDB financial scandal. Former Malaysian Prime Minister Najib Razak is seeking to remove the top judge from his final appeal against a corruption conviction and 12-year jail sentence in a case linked to the 1MDB financial scandal. In an affidavit …

Depriving Najib Razak of fair trial may have ramifications for Malaysia
2 years, 4 months ago

Depriving Najib Razak of fair trial may have ramifications for Malaysia

Firstpost  

With the general elections imminent, Mahathir Mohamad and his compatriots firmly believe that Najib’s incarceration would give them the political edge that they desperately need Malaysia’s 14th general election in May 2018 was indeed a watershed moment. The trial began on 3 April 2019, after High Court Judge, Datuk Mohd Nazlan Mohd Ghazali dismissed Najib’s application to declare the seven …

Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case
2 years, 8 months ago

Former Goldman Sachs banker convicted of bribery, money laundering and conspiracy charges in 1MDB case

ABC  

Former Goldman Sachs banker Roger Ng has been convicted by a US jury of corruption charges related to his role in helping embezzle hundreds of millions of dollars from Malaysia's 1MDB development fund. Key points: Prosectutors said Ng helped his former boss embezzle money from the fund, launder the proceeds and bribe officials to win business for Goldman Ng is …

Corruption trial opens for ex-Goldman banker in 1MDB scandal
2 years, 10 months ago

Corruption trial opens for ex-Goldman banker in 1MDB scandal

Associated Press  

NEW YORK — Federal prosecutors told a jury Monday that a former Goldman Sachs executive pocketed $35 million in “secret kickbacks” in the multibillion-dollar ransacking of a Malaysian state investment fund, accusing the banker of playing a “crucial” role in the massive money laundering and bribery scheme. “He saw an opportunity to make millions of dollars by cheating,” Wible said, …

Malaysia court upholds former PM Najib’s 1MDB conviction
3 years ago

Malaysia court upholds former PM Najib’s 1MDB conviction

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Malaysian court has upheld …

Malaysian court upholds ex-premier Najib’s graft conviction
3 years ago

Malaysian court upholds ex-premier Najib’s graft conviction

Associated Press  

PUTRAJAYA, Malaysia — Malaysia’s Appeal Court on Wednesday upheld the conviction and 12-year jail sentence of ex-Prime Minister Najib Razak linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018. “All in all, we find the conviction safe,” said Appeal Court judge Abdul Karim Abdul Jalil. Lead prosecutor Sithambaram said the appeal …

Malaysian court upholds ex-premier Najib's graft conviction
3 years ago

Malaysian court upholds ex-premier Najib's graft conviction

The Hindu  

Malaysia’s Appeal Court on December 8 upheld the conviction of ex-Prime Minister Najib Razak linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018. “All in all, we find the conviction safe," said Appeal Court judge Abdul Karim Abdul Jalil. Defense lawyers argue that Najib has been denied a fair trial because …

Appeals court upholds former Malaysian PM Najib’s 1MDB conviction
3 years ago

Appeals court upholds former Malaysian PM Najib’s 1MDB conviction

Al Jazeera  

Najib Razak had appealed sentence claiming he did not know origin of money that ended up in his personal bank accounts. A Malaysian appeals court on Wednesday upheld former Prime Minister Najib Razak’s conviction for corruption in the first case related to the multi-billion dollar scandal at state fund 1MDB. Noting the flow of money into Najib’s personal bank accounts …

Malaysia ex-PM Najib defends asking for $24M property gift
3 years, 1 month ago

Malaysia ex-PM Najib defends asking for $24M property gift

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A surprising disclosure in Malaysian …

Malaysian ex-PM Najib appeals graft conviction in 1MDB saga
3 years, 8 months ago

Malaysian ex-PM Najib appeals graft conviction in 1MDB saga

The Hindu  

A Malaysian court on Monday began hearing an appeal by ex-Prime Minister Najib Razak to overturn his conviction and 12-year jail sentence linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018. The appeal came more than eight months after a high court found Najib guilty of abuse of power, criminal breach …

Malaysia’s Najib appeals 1MDB-linked corruption conviction
3 years, 8 months ago

Malaysia’s Najib appeals 1MDB-linked corruption conviction

Al Jazeera  

During appeal, defence lawyers will argue Najib Razak had no knowledge of the transactions into his accounts. A Malaysian court has begun hearing a bid by former Prime Minister Najib Razak to overturn his conviction on corruption charges, in a case linked to the looting of the 1MDB state investment fund. The conviction made Najib the first Malaysian leader to …

Fall from grace: The Hindu Editorial on Malaysian ex-PM Najib Razak
4 years, 4 months ago

Fall from grace: The Hindu Editorial on Malaysian ex-PM Najib Razak

The Hindu  

July 30, 2020 12:02 am | Updated 12:43 am IST For over four decades, Najib Razak was one of the most powerful voices of Malaysian politics. But infighting within the ruling coalition led by nonagenarian Mahathir Mohamad led to the fall of the new government, returning Mr. Najib’s party to power earlier this year. In May, prosecutors had cut a …

Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal
4 years, 4 months ago

Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal

Associated Press  

KUALA LUMPUR, Malaysia — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB state investment fund that brought down his government two years ago. Prosecutors earlier said the case had tarnished the country …

Malaysia’s ex-PM Najib guilty in 1st trial for 1MDB looting
4 years, 4 months ago

Malaysia’s ex-PM Najib guilty in 1st trial for 1MDB looting

Live Mint  

Former Prime Minister Najib Razak was convicted Tuesday of crimes involving the multibillion-dollar looting of a Malaysian state investment fund that brought down his government in a shocking election ouster two years ago. Analysts said the ruling would bolster the prosecution’s case in Najib’s other trials and would signal to the business community the Malaysia’s legal system has strength in …

Malaysia's ex-PM Najib Razak given 12 years in jail in 1MDB scandal
4 years, 4 months ago

Malaysia's ex-PM Najib Razak given 12 years in jail in 1MDB scandal

The Hindu  

A Malaysian court on Tuesday sentenced former Prime Minister Najib Razak to serve up to 12 years in prison after finding him guilty of crimes involving the multibillion-dollar looting of the 1MDB State investment fund that brought down his government in a shocking election ouster two years ago. Analysts said the ruling would bolster the prosecution’s case in Najib’s other …

Malaysia’s Najib guilty of all charges in 1MDB-linked graft case
4 years, 4 months ago

Malaysia’s Najib guilty of all charges in 1MDB-linked graft case

Al Jazeera  

Former PM becomes first leader to be convicted of a crime in decision likely to have a major political impact. Kuala Lumpur, Malaysia – Former Malaysian Prime Minister Najib Razak has been found guilty of corruption in the first of several cases linked to the alleged theft of billions of dollars from state fund 1MDB, becoming the first Malaysian leader …

Former Malaysian prime minister Najib Razak found guilty of corruption over scandal at state fund 1MDB
4 years, 4 months ago

Former Malaysian prime minister Najib Razak found guilty of corruption over scandal at state fund 1MDB

ABC  

Malaysia's former leader Najib Razak has been found guilty of corruption and sentenced to jail in the first trial over a multi-billion-dollar scandal at state fund 1 Malaysia Development Berhard that stretched to the Gulf states and Hollywood. Key points: He was found guilty over the multi-billion-dollar looting of the 1MDB investment fund The trial involved charges of abuse of …

Malaysia’s Najib gets 12 years in jail for 1MDB-linked graft case
4 years, 4 months ago

Malaysia’s Najib gets 12 years in jail for 1MDB-linked graft case

Al Jazeera  

Ex-prime minister found guilty of corruption in landmark verdict, but remains free pending the outcome of an appeal. Kuala Lumpur, Malaysia – Former Malaysian Prime Minister Najib Razak has been sentenced to serve 12 years in jail after a court in Kuala Lumpur found him guilty of corruption in the first of several cases linked to the alleged theft of …

Timeline: How Malaysia’s 1MDB financial scandal unfolded
4 years, 4 months ago

Timeline: How Malaysia’s 1MDB financial scandal unfolded

Al Jazeera  

1MDB was set up as a state fund to drive new investment in Malaysia, but investigators say the money went elsewhere. Malaysia is awaiting the verdict in the first of a series of cases charging former prime minister Najib Razak with corruption over his alleged involvement in the scandal at 1Malaysia Development Berhad, a state fund that Najib founded to …

Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB
4 years, 5 months ago

Goldman Sachs and Malaysia reach $3.9B settlement over 1MDB

Associated Press  

KUALA LUMPUR, Malaysia — Malaysia’s government said Friday it has reached a $3.9 billion settlement with Goldman Sachs in exchange for dropping criminal charges against the bank over bond sales that raised money for the 1MDB sovereign wealth fund, which was looted of billions of dollars in a massive scandal. Malaysian and U.S. prosecutors had alleged that the bond sales …

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