1Malaysia Development Berhad (1MDB) scandal

While Low has denied wrongdoing, he and his family last year dropped their defense of the forfeiture lawsuits that have been pending in federal court in Los Angeles, which has allowed the government to seize more than US$700 million in assets.

Goldman Sachs is in ongoing discussions with U.S. and Malaysian authorities over their investigations into what the bank knew about the transactions at the time.

KUALA LUMPUR (Dec 22): Malaysia’s top prosecutor said he’s ready to ratchet up a criminal case against Goldman Sachs Group Inc. for its role in the 1MDB affair by bringing executives of the U.S. bank to court, as the two sides remain far apart followi

KUALA LUMPUR (Dec 16): Two Goldman Sachs Group Inc. units facing criminal charges for their alleged role in the 1MDB scandal had their cases moved to a higher court in Malaysia.

SINGAPORE (Dec 13): "Mr Bowyer is entitled to his opinion. But the government has to clarify Mr Bowyer’s false statements of fact." — Lim Zhi Jian, director at the Ministry of Finance, referring to opposition figure Brad Bowyer’s Facebookp

KUALA LUMPUR (Dec 10): Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs  over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was

(Dec 3): A Swiss court threw out a 95 million Swiss franc ($131.3 million) penalty imposed on BSI Bank over its ties to the 1MDB scandal, calling the financial regulator’s calculation of the fine “incomprehensible.”

KUALA LUMPUR (Dec 3): Malaysia’s former leader Najib Razak is set to give his testimony to defend himself against charges of corruption involving a former 1MDB unit.

KUALA LUMPUR (Nov 11): A Malaysian judge ordered former Malaysian premier Najib Razak to defend himself against a charge of abuse of power in the trial involving a former unit of troubled state-owned investment firm 1Malaysia Development Berhad (1MDB).

(Nov 11): A Malaysian court is set to decide if prosecutors have made a sufficient case against ex-premier Najib Razak in the trial involving a former unit of troubled state-owned investment firm 1MDB.