Topic
TOPIC
- Top Republican donor Elliott Broidy, who helped Malaysian financier illicitly lobby US government, wins reprieve on Trump’s last day in office
- Broidy was one of several people caught up in the scandal, with former Malaysian PM Najib Razak the most notable
Police say the businessman – compared by some to the alleged mastermind of the 1MDB scandal – has fled to Thailand after a cryptocurrency and property scam.
Police say the businessman – compared by some to the alleged mastermind of the 1MDB scandal – has fled to Thailand after a cryptocurrency and property scam.
Umno said it would discuss the motion to cut ties with Muhyiddin’s Bersatu party during its general assembly at the end of this month.
Umno said it would discuss the motion to cut ties with Muhyiddin’s Bersatu party during its general assembly at the end of this month.
Hazem said he had thought the sovereign wealth fund was set up for political party Umno’s benefit as told to him by fugitive businessman Jho Low.
Hazem said he had thought the sovereign wealth fund was set up for political party Umno’s benefit as told to him by fugitive businessman Jho Low.
If 2020 were a film, it might be a disaster movie set on a Covid-infested cruise-ship. Thankfully, This Week in Asia’s front page designers saw a lighter side.
If 2020 were a film, it might be a disaster movie set on a Covid-infested cruise-ship. Thankfully, This Week in Asia’s front page designers saw a lighter side.
Tengku Adnan Mansor, a minister in the cabinet of disgraced former premier Najib Razak, has been found guilty of graft for taking a US$495,000 bribe.
Tengku Adnan Mansor, a minister in the cabinet of disgraced former premier Najib Razak, has been found guilty of graft for taking a US$495,000 bribe.
The public prosecutor has called for a discharge not amounting to acquittal in the case involving Tengku Adnan Tengku Mansor, an Umno ally of ex-premier Najib Razak.
The public prosecutor has called for a discharge not amounting to acquittal in the case involving Tengku Adnan Tengku Mansor, an Umno ally of ex-premier Najib Razak.
Roger Ng, who is facing trail in the US on bribery and money-laundering charges, says he told his bosses Low was ‘not to be trusted’.
Roger Ng, who is facing trail in the US on bribery and money-laundering charges, says he told his bosses Low was ‘not to be trusted’.
The former Malaysian leader said the company and Tim Leissner probably have documents showing officials are falsely implicating him to avoid responsibility.
The former Malaysian leader said the company and Tim Leissner probably have documents showing officials are falsely implicating him to avoid responsibility.
The fugitive financier repeatedly tried to bargain for his freedom in recordings that are part of a new documentary released by Al-Jazeera, which also said Low was currently living in Macau.
The fugitive financier repeatedly tried to bargain for his freedom in recordings that are part of a new documentary released by Al-Jazeera, which also said Low was currently living in Macau.
The Monetary Authority of Singapore will focus on combatting disclosure breaches, mis-selling of financial products and countering terrorism financing.
The Monetary Authority of Singapore will focus on combatting disclosure breaches, mis-selling of financial products and countering terrorism financing.
Parliamentary sittings in final meeting of the year may be cut short after several officers test positive for Covid-19. Some say real reason is to stifle no confidence motions.
Parliamentary sittings in final meeting of the year may be cut short after several officers test positive for Covid-19. Some say real reason is to stifle no confidence motions.
The 95-year-old had written that ‘Muslims have a right … to kill millions of French people’, but says reports omitted a crucial subsequent sentence. He also blamed Twitter and Facebook, accusing them of double standards over matters concerning Islam.
The 95-year-old had written that ‘Muslims have a right … to kill millions of French people’, but says reports omitted a crucial subsequent sentence. He also blamed Twitter and Facebook, accusing them of double standards over matters concerning Islam.
Scandal-tainted former prime minister Najib says his party risks defeat at Malaysia’s next election if it continues to back the current administration.
Scandal-tainted former prime minister Najib says his party risks defeat at Malaysia’s next election if it continues to back the current administration.
The United Malays National Organisation (Umno) declares it will continue to back prime minister after earlier speculation that it was pulling its support.
The United Malays National Organisation (Umno) declares it will continue to back prime minister after earlier speculation that it was pulling its support.
Sultan Abdullah’s decision quashes possibility that prime minister will suspend legislature and rule by decree.
Sultan Abdullah’s decision quashes possibility that prime minister will suspend legislature and rule by decree.
The latest action would recoup some money for the bank, which has paid more than US$5 billion of fines in Hong Kong, Singapore, Malaysia, Britain and the United States for its role in helping 1MDB raise US$6.5 billion.
The latest action would recoup some money for the bank, which has paid more than US$5 billion of fines in Hong Kong, Singapore, Malaysia, Britain and the United States for its role in helping 1MDB raise US$6.5 billion.
Goldman Sachs agreed to pay nearly US$3 billion to settle a probe into its role in Malaysia’s 1MDB corruption scandal on October 22, 2020. Under the terms, Goldman was slapped with a US$2.3 billion penalty and about US$600 million of disgorgement. The scandal dates back to the government of former Malaysian prime minister Najib Razak. His administration set up the 1MDB state investment fund in 2009, but billions of dollars from the fund was reportedly misappropriated. The settlement was announced by the US Justice Department’s acting assistant attorney general, Brian Rabbitt on October 22.
Goldman Sachs agreed to pay nearly US$3 billion to settle a probe into its role in Malaysia’s 1MDB corruption scandal on October 22, 2020. Under the terms, Goldman was slapped with a US$2.3 billion penalty and about US$600 million of disgorgement. The scandal dates back to the government of former Malaysian prime minister Najib Razak. His administration set up the 1MDB state investment fund in 2009, but billions of dollars from the fund was reportedly misappropriated. The settlement was announced by the US Justice Department’s acting assistant attorney general, Brian Rabbitt on October 22.
Powerhouse investment bank to demand repayment of US$174 million in salary and bonuses paid to current and former executives during corruption scandal.
Powerhouse investment bank to demand repayment of US$174 million in salary and bonuses paid to current and former executives during corruption scandal.
The US bank lacked adequate controls to monitor staff and detect misconduct in its day-to-day operation, and allowed the 1MDB bond offerings to proceed when numerous red flags had not been properly scrutinised.
The US bank lacked adequate controls to monitor staff and detect misconduct in its day-to-day operation, and allowed the 1MDB bond offerings to proceed when numerous red flags had not been properly scrutinised.
As part of plea deal, Elliott Broidy agreed to forfeit US$6.6 million, and faces up to five years in prison.
As part of plea deal, Elliott Broidy agreed to forfeit US$6.6 million, and faces up to five years in prison.
The Wall Street group is believed to have finalised a deal with the US Department of Justice, which will mean it avoids criminal charges there.
The Wall Street group is believed to have finalised a deal with the US Department of Justice, which will mean it avoids criminal charges there.
As the Malaysian democracy icon prepares to meet the country’s king on Tuesday, there is growing anticipation that he might finally get a shot at becoming prime minister.
As the Malaysian democracy icon prepares to meet the country’s king on Tuesday, there is growing anticipation that he might finally get a shot at becoming prime minister.
Elliott Broidy is accused of asking US president to invite Malaysia’s Najib Razak to golf game in bid to end corruption investigation.
Elliott Broidy is accused of asking US president to invite Malaysia’s Najib Razak to golf game in bid to end corruption investigation.
Muhyiddin’s political capital has risen with his unexpected victory in the Sabah state elections.
Muhyiddin’s political capital has risen with his unexpected victory in the Sabah state elections.
Lim Tean was arrested for alleged criminal breach of trust days before he was set to defend a client in a case against Lee.
Lim Tean was arrested for alleged criminal breach of trust days before he was set to defend a client in a case against Lee.
Analysts say prime minister solidified position to call – and win – snap election despite plan by opposition leader Anwar Ibrahim to oust him.
Analysts say prime minister solidified position to call – and win – snap election despite plan by opposition leader Anwar Ibrahim to oust him.
Muhyiddin may fall, but Anwar can’t rely on his new friends in Umno to form a government, warns Malaysia’s former two-time leader.
Muhyiddin may fall, but Anwar can’t rely on his new friends in Umno to form a government, warns Malaysia’s former two-time leader.
US authorities traced US$300 million in the UK to a line of credit for oil drilling, while promotional movie posters bought by Najib Razak’s stepson are also being sought.
US authorities traced US$300 million in the UK to a line of credit for oil drilling, while promotional movie posters bought by Najib Razak’s stepson are also being sought.
The 95-year-old two-time prime minister says his newly formed Pejuang party could hold the balance of power in Malaysia’s next elections, whenever they may be.
The 95-year-old two-time prime minister says his newly formed Pejuang party could hold the balance of power in Malaysia’s next elections, whenever they may be.
Hong Kong’s securities watchdog has bared its teeth in many cases of malpractice and should spare no effort to safeguard city’s reputation as a global financial hub.
Whatever the political fallout from the conviction and jailing of former prime minister Najib Razak, the country’s courts deserve a pat on the back.