Tag: scandal

UAE ambassdor in US got $66 million allegedly from 1MDB stolen funds

Court investigations in the US reviewed by The Wall Street Journal points to 1MDB diverted funds heading into the accounts of a United Arab Emirates ambassador to the US. Companies connected to Yousef Al Otaiba, the ambassador, received $66 million from offshore companies Singapore and US...

Ignoring 1MDB, foreign investors flock into Malaysia with cheap ringgit

Bloomberg said recently that Malaysian assets are back in favour of foreign investors, adding that this was because of signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood. It also said this 'stark shift' may be...

No evidence 1MDB money misused says Apandi

The Malaysian Attorney General Tan Sri Mohamed Apandi Ali has rebutted claims that no 1MDB money has been diverted and misused, adding that no agency has delivered such evidence. He said the law enforcement of various jurisdictions provided no evidence that the sovereign fund's money...

US$2.2 Billion deal linked by US justice to 1MDB scandal

While in Malaysia, the Prime Minister Najib Razak is calling on netizens to portray a positive image of Malaysia on social networks, the US justice department is fast moving in its lawsuits, seizures and others against the 1MDB. The 1MDB is Najib's baby, a pet...

Sabotage charges did not stop 1MDB saga

The Sessions Court in Kuala Lumpur granting a full acquittal to Khairuddin Abu Hassan and Matthias Chang, who had been charged with financial sabotage for lodging overseas reports on the 1MDB issue, will not change anything in the scandal. Khairuddin, 55, and Chang, 67, were charged...

Embarrassing moment 1MDB chairperson brushes media away

Mobbed by the Media in Kuala Lumpur, Treasury secretary-general Irwan Serigar Abdullah shied away from answering a simple question on the 1MDB scandal. Irwan, who is also the 1MDB chairperson refused to answer questions on reports that Swiss attorney-general Michael Lauber expressed confidence that the...

Opposition MP says has undeniable proof 1MDB money went to Islamists

Saying he has undeniable proof that money from the scandal hit 1MDB has made its way into the account of a personality close to the Party Islam-Se Malaysia (PAS), Rafizi Ramli, an opposition Member of Parliament urged the Islamist party leader to respond to...

Three banks among unresolved 1MDB cases in Switzerland

The Swiss financial regulator Finma said it’s still investigating three private banks linked to the 1MDB scandal. While it said it considered the UBS Group AG probe closed - in relation to alleged corruption and money laundering at the Malaysian government fund known as 1MDB...

DOJ case against Jho Low-1MDB is fake news

Sources in Malaysia insist the news of a US Department of Justice (DOJ) criminal case being prepared against flamboyant Malaysian financier Low Taek Jho - commonly known as Jho Low - is only a rumour. "The Wall Street Journal or The Journal is making up stories,"...

How did Johari deliberately ignore facts on 1MDB scandal

Lashing at his fellow Member of Parliament from the opposition did Johari Abdul Ghani who is second Finance Minister in Malaysian Prime Minister Najib Razak's cabinet, deliberately omitted the facts that stand out in the 1MDB scandal In a letter published by Malaysia Kini yesterday, Johari...