Tag: PetroSaudi

Malaysia targets hidden properties worth $4.3b siphoned through 1MDB

Anti-graft buster chief Latheefa Koya told reporters Malaysia is working to locate assets worth $4.3 billion which are yet to be accounted for and acquired with stolen money from the sovereign fund 1MDB. The global money-laundering probe extends to at least six countries and Malaysia is working with these countries in an attempt to locate these properties. This...

Najib enriched himself through the 1MDB scandal, prosecutor

The appointed prosecutor in the former Prime Minister of Malaysia, Najib Razak's 1MDB trial says an elaborate charade was employed in which several characters played a part in the scandal but Najib's role was pivotal and his objective was to enrich himself. The prosecutor, Gopal...

Swiss Attorney General Lauber under fire over ‘stalled’ 1MDB investigation

Switzerland was one of the first countries to start an investigation on the 1MDB scandal, but two years after it opened its case file on the scandal involving the Malaysian state investment fund, nothing or little has come out of the investigation. Sarawak Report is of...

PetroSaudi diverted 1MDB money in Venezuela deal

Wall Street Journal or the Journal strikes again with another accusation that PetroSaudi International Ltd - which is deeply involved in the 1MDB scandal - used part of the embattled Malaysian sovereign arm cash for a project in Venezuela. This is part of the tracing...