Tag: 1MDB

1MDB whistleblower left Malaysia suddenly after recent elections

Although whistleblower Xavier Andre Justo left Malaysia suddenly on March 4, he says he will not give up the fight and will keep exposing those involved in money laundering and corruption in the multi-billion-dollar 1MDB scandal. Mr Justo is now back in Switzerland with his wife...

Dutch judges take virus precautions during MH17 trial

Dutch judges sat far apart from each other in a near empty courtroom due to coronavirus measures on Monday as the trial resumed of four men over the downing of flight MH17. The trial that began two weeks ago over the 2014 shooting down of...

Malaysia anti-graft chief who investigated 1MDB quits

Malaysia's anti-corruption chief, who had been investigating scandal-hit state fund 1MDB, said Friday she had resigned after a reformist government collapsed and a graft-tainted party took power. The "Pact of Hope" alliance, which stormed to a historic victory in 2018 and ousted a long-ruling coalition, fell...

Goldman pleads not guilty in Malaysia 1MDB case: report

Three units of Goldman Sachs pleaded not guilty Monday in Malaysia over the investment bank's alleged role in the multi-billion-dollar scandal at the country's sovereign wealth fund 1MDB, official media reported. Huge sums were allegedly looted from the Malaysian fund in a globe-spanning fraud, which...

Malaysia 1MDB fugitive spotted in virus-hit Chinese city

A fugitive Malaysian financier wanted over a massive graft scandal has been spotted in the city at the centre of the coronavirus outbreak, police said, although it was unclear if he had left before Chinese authorities imposed a lockdown. Low Taek Jho -- commonly known...

1MDB: Malaysia’s extraordinary financial scandal

Malaysia's extraordinary 1MDB corruption scandal allegedly saw top officials loot billions from a state fund and go on a worldwide spending spree -- buying a super yacht, paintings by Van Gogh and Monet, and financing a Hollywood blockbuster. It also dragged in global banking giant...

Police confirm Jho Low is still a wanted man in Singapore

Singapore—Fugitive Malaysian financier Low Taek Jho, more popularly known as Jho Low, continues to be a wanted man in Singapore, financial publication The Edge Singapore reported on January 11, citing it had gotten confirmation from a spokesman fro the Singapore Police Force. The Edge Singapore...

Najib tells court about shock and surprise over large sums of money in his private bank accounts

Kuala Lumpur -- Former Malaysian Prime Minister Najib Razak has said in court that he was shocked and surprised on discovering that large sums of cash had been deposited in his private bank accounts. Najib said that he did not manage the accounts personally and...

Malaysia ex-PM ‘sought Abu Dhabi royal’s help over scandal’

Malaysia's disgraced ex-leader Najib Razak allegedly sought help from Abu Dhabi's crown prince to conceal wrongdoing linked to a multi-billion-dollar graft scandal, recordings released Wednesday by investigators showed. Huge sums were looted from Malaysian sovereign wealth fund 1MDB and used to buy items ranging from...

Judge turns down bid to impeach Najib for allegedly giving conflicting statements

Kuala Lumpur -- The High Court on Monday (Jan 6) dismissed an application by the prosecution to impeach former Prime Minister Najib Razak for allegedly giving conflicting statements to the Malaysian Anti-Corruption Commission (MACC) and to the court pertaining to his signatures on certain...