Tag: Najib Abdul Razak

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...

Hollywood producer ‘ready to testify’ against Malaysia ex-PM

A producer of Hollywood hit "The Wolf of Wall Street" is willing to testify against his step-father, Malaysia's disgraced ex-leader Najib Razak, over a massive graft scandal, a court heard Tuesday. The news came just days after charges were unexpectedly dropped against producer Riza Aziz,...

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...

Malaysia recovers $322 million in stolen 1MDB money: govt

Malaysia has recovered $322 million stolen from the scandal-hit sovereign wealth fund 1MDB, officials said Tuesday -- a fraction of the more than $4.5 billion US prosecutors say was looted. Another $1.6 billion plundered from 1Malaysia Development Berhad has been identified and steps are being...

On Double Eleven, a former prime minister’s blue ocean bubble bursts in Malaysia

The second week of November 2019 will probably be remembered as a major milestone week in Malaysian history. A former head of the government is told in no uncertain terms that he has a case to answer by a High Court. It is not...

Malaysia’s Triumvirate of Prime Ministers and a tried, tested and testy successor

Although Malaysia is a constitutional monarchy and the Malaysian King enjoys the highest respect and the deep affection of the people it is the prime minister who wields real power and governs the country. Prime ministers of the country act presidentially and are sometimes...

Diamonds bought with stolen 1MDB money to be handed to US

Diamond jewellery worth $1.7 million, allegedly bought by a Malaysian financier for his mother with money stolen from scandal-hit fund 1MDB, will be handed over to the US government, a report said Thursday. Billions of dollars were allegedly pilfered from the Malaysian sovereign wealth fund...

Malaysia ex-PM Najib’s 1MDB graft trial resumes

Toppled Malaysian leader Najib Razak returned to court for the second day of his high-profile corruption trial Monday, with the former premier accused of plundering large sums from a unit of sovereign wealth fund 1MDB. The 65-year-old finally went on trial this month over his...

Can Najib survive all the denial of wrong doing?

He is called all sorts of names in Malaysia, from kleptocrat to liar and he survived the first nine months out of power rising as a social media star. But he also earned the name of Mr Denial in the process. That is because of...

Armed forces, police compliance to Najib decried by Mahathir

Mahathir believes Malaysian PM Najib Razak will use army, police compliance with his rule to negate the elections Saying that Najib enjoys the army and police chiefs support, Mahathir Mohamad decried what he sees as their compliance to Najib. The Former PM said Najib might fall...