Tag: 1MDB

CORRECTION – 1MDB scandal fugitives hiding in China: Malaysian police

CORRECTS paragraph 10 in story dated August 5 to show Jho Low has been charged in the US, not China. Here is a corrected repetition. by M. Jegathesan The alleged 1MDB mastermind and other suspects in the scandal are believed to be hiding out in China,...

1MDB scandal: Swiss banker fined S$75,000 for failing to flag almost $1billion bank transfer to a Jho Low account

Kuala Lumpur—A Swiss banker who used to work with Coutts & Co. has been found guilty for a bank transfer worth nearly one billion dollars (SGD) that he failed to flag. The transfer of RM2.968 (S$965 million), which should have sounded alarms of money...

China denies harbouring alleged 1MDB mastermind

China denied Thursday it was harbouring a fugitive financier wanted over the massive 1MDB corruption scandal, after Malaysian police said he was hiding in Macau. Low Taek Jho, commonly known as Jho Low, is accused of being the mastermind behind a fraud that saw billions...

Fugitive financier Jho Low in Macau, say Malaysian police

A fugitive financier being hunted by Malaysian authorities over his role in the country's multi-billion-dollar 1MDB scandal is hiding in the Chinese territory of Macau, Malaysian police said Wednesday. Low Taek Jho, commonly known as Jho Low, is accused of being the mastermind behind the...

Malaysia ex-PM Najib’s first 1MDB trial nears end

Malaysia's disgraced ex-leader Najib Razak had no knowledge of multi-million-dollar transfers into his accounts linked to the 1MDB scandal, his lawyers insisted Monday, as his first trial nears an end. Billions of dollars were looted from Malaysian sovereign wealth fund 1MDB and spent on items...

Former A-G says dropping of charges against Najib’s stepson ‘terrible for Malaysia’

Kuala Lumpur — Former Attorney-General Tommy Thomas, who had been appointed by former Prime Minister Mahathir Mohamad, has called the agreement to drop charges of money laundering against Riza Aziz a "sweetheart deal" that is "terrible for Malaysia". Furthermore, he countered a claim by new...

Anger after Malaysia drops ‘Wolf of Wall Street’ charges

A deal to drop money-laundering charges linked to the 1MDB scandal against a producer of Hollywood hit "Wolf of Wall Street" is terrible for Malaysia, the country's former attorney-general said Monday. Riza Aziz, who is also the stepson of the country's disgraced ex-leader Najib Razak,...

US announces $49m settlement in Malaysia 1MDB scandal

US authorities have reached a deal to recover another $49 million in assets bought with money looted from Malaysia's 1MDB state investment fund and laundered through the global financial system. Billions of dollars were plundered from the sovereign wealth fund and spent on everything from...

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...