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Malaysia 1MDB scandal

Malaysia 1MDB scandal
1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 million wired into Prime Minister Najib’s bank accounts. Both the fund and the premier denied wrongdoing, but the attorney general launched an investigation into alleged graft. 1MDB was 42 billion ringgit (HK$86 billion) in debt at the time of the scandal.
Former Malaysian prime minister Najib Razak with his wife Rosmah Mansor in 2018. Photo: AP
Malaysia

Najib’s wife cleared as Malaysia drops money laundering, tax evasion appeal

The prosecution said it could not definitively prove that Rosmah Mansor committed the offences.

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Jho Low

Fugitive Jho Low’s sister and associate ordered to pay US$2.8 billion to 1MDB

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Singapore

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

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Malaysia

Najib, son face bankruptcy after Malaysian court’s tax ruling

Malaysia’s revenue board initiated the proceedings after the former prime minister and his son failed to settle their tax arrears.

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Malaysia’s former prime minister Najib Razak attends an appeal hearing at the High Court on April 17 last year. Photo: AFP
Singapore

Singapore court rejects 1MDB-linked suit against Standard Chartered, BSI

The judge dismissed the liquidators’ suit as the alleged transactions happened before Singapore’s cross-border insolvency law took effect.

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Malaysia

From Malaysia to Bangladesh, Asia’s dirty money finds a home in UK property

Investigators from Kuala Lumpur to Dhaka are once again focusing on Britain’s role as a global laundromat for kleptocrats.

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JPMorgan Chase

JPMorgan settles 1MDB scandal claims with Malaysia for US$330 million

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.

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A sign outside the headquarters of JPMorgan Chase & Co in New York. Photo: Reuters
Malaysia

How Malaysia’s bid to prevent a ‘corrupt-minded society’ is taking a comic turn

Anti-corruption chief Azam Baki turns to comics, films and live-streams to stop Malaysia from becoming a ‘corrupt-minded society’.

Malaysia

Malaysia’s Najib gets legal lifeline in house arrest bid over 1MDB sentence

The ruling has revived the ex-PM’s controversial claim that an ‘addendum’ from the former king would let him serve his sentence at home.

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Malaysia

Malaysia says no evidence of Jho Low living in China with fake passport

Malaysia’s home minister says the government is working with international authorities to catch the 1MDB fugitive.

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Fugitive Malaysian financier Jho Low. Photo: SCMP
Malaysia

Is 1MDB fugitive Jho Low in China? Malaysian PM vows to investigate new claims

Malaysia’s PM said he would look into fresh claims that 1MDB fugitive Jho Low is living in Shanghai and using a forged Australian passport.

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Fugitive financier Jho Low is allegedly living in a luxury mansion in Shanghai under a fake identity. Photo: AP
Malaysia

Malaysia PM’s ex-son-in-law declared bankrupt over US$1.25million ‘friendly loan’

Fashion designer Jovian Mandagie, once married to Ismail Sabri Yaakob’s daughter, was declared bankrupt, adding to scandals surrounding the former leader’s family.

Singapore

Standard Chartered in Singapore faces US$2.7 billion lawsuit linked to 1MDB

Malaysian liquidators are suing Standard Chartered in Singapore, claiming the bank ignored red flags and suspicious transfers, a claim the bank strongly denies.

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Malaysia

Malaysia’s Najib discharged over US$6.3 million money laundering case

The ruling comes after the former prime minister was also given a legal reprieve last year in a separate 1MDB-related embezzlement case.

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Malaysia’s former prime minister Najib Razak has received a discharge not amounting to an acquittal in a US$6.3 million money laundering case. Photo: AFP
Malaysia

US$900 million seized as China helps Malaysia dismantle Tedy Teow’s scam empire

MBI Group’s Malaysian founder has been called ‘Jho Lo 2’ because of the sheer scale of his operation.

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Tedy Teow being extradited to China on August 20, last year. Photo: Ministry of Public Security
Goldman Sachs

Ex-Goldman banker Leissner gets 2 years in 1MDB fraud case

The German citizen had hoped to avoid prison for helping to loot the Malaysian investment fund by cooperating with prosecutors.

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Malaysia

Malaysia’s Anwar defends extending ‘brave’ anti-corruption chief’s term

Azam Baki’s team was the first one to dare investigate all the influential bigwigs and politicians, Anwar says.

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Malaysia

Malaysia’s anti-graft agency seeks powers to claw back billions in illicit funds

The MACC is seeking new powers to negotiate the return of large sums of money without first having to press charges.

Malaysia attorney-general Mohd Dusuki Mokhtar (second left) and his team arrives to appeal against a royal addendum for jailed former prime minister Najib Razak at the Federal Court in Putrajaya, Malaysia on Monday. Photo: EPA-EFE
Malaysia

Chasing Jho Low: blockchain bounty breathes new life into hunt for 1MDB fugitive

Can a memecoin help uncover Jho Low’s whereabouts? New evidence is surfacing about the scandal, thanks to a crypto reward system.

Malaysia

Smart play or ticking time bomb? Malaysia’s DAP sidelines strongman Lim Guan Eng

Lim is known for being very vocal against corruption in Malay-majority Umno, with which his party is now trying to build ties.

Malaysia

Explainer | Why is Malaysia’s 1MDB scandal still casting a long shadow over its economy?

About 70 per cent of the US$10 billion funds pilfered from the sovereign wealth fund have been recovered, Malaysia’s MACC says.

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Former Malaysian Prime Minister Najib Razak gestures as he leaves the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya in 2018. Photo: AP
Malaysia

Former Malaysian PM Ismail Sabri shows up to give statement in corruption case

He had twice delayed reporting to Putrajaya authorities, citing health issues.

Former Malaysian prime minister Ismail Sabri Yaakob waves as he arrives to give a statement at the Malaysian Anti-Corruption Commission in Putrajaya on Thursday. Photo: AFP
Malaysia

My Take | Here we go again: Ismail Sabri is third Malaysian ex-PM on corruption carousel

Prime Minister Anwar Ibrahim still has to make good 2018 election promise to push for clean political funding.

Malaysia

Malaysians appalled by another corruption probe involving an ex-prime minister

Anti-corruption authorities are investigating former leader Ismail Sabri Yaakob after a huge amount of cash was found in several properties.

Malaysia

Explainer | What to know about Najib’s house arrest bid and the existence of a royal ‘decree’

The controversy is growing, as the government evades confirming its existence while Umno pushes for Najib’s release, straining the fragile unity government.

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Former Malaysian Prime Minister Najib Razak is escorted by prison officers after court proceedings in Kuala Lumpur, Malaysia on January 19, 2024. Photo: Reuters
Malaysia

Malaysia seeks gag order on Najib’s house arrest bid

Malaysia seeks to ban parliament from discussing Najib’s bid to serve the rest of his sentence at home, creating a headache for PM Anwar.

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Former Malaysian prime minister Najib Razak waves as he is escorted after attending court proceedings in Kuala Lumpur on January 19, 2024. Photo: Reuters
Najib Razak

Malaysian PM denies hiding document on Najib’s home detention

Former Malaysian leader Najib Razak has been pursuing a bid to allow him to serve the rest of his prison sentence at home.

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Malaysia

Malaysia no record of documents granting ex-PM Najib house arrest, says govt

The former leader, whose 12-year sentence was halved last year by the then king, says an accompanying order on house arrest is being ignored.

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