1Malaysia Development Berhad (1MDB)

Prosecutors claim the money was a kickback that Ng received for allegedly conspiring with Tim Leissner and Jho Low.

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This development, in a Malaysian courtroom, truly is unprecedented.

Najib was also fined RM210 million ($68.1 million) after being found guilty.

High Court judge Mohd Nazlan Mohd Ghazali found Najib guilty on Tuesday (July 28) but did not release a verdict. The verdict will be delivered at 4pm.

The charges, warrants of arrest and INTERPOL Red Notices against Low remain in force, a Singapore Police Force spokesman has confirmed.

SINGAPORE (Dec 9): On Dec 3, former Malaysian prime minister Najib Abdul Razak took the stand as the first witness in his trial for seven counts of abuse of power, criminal breach of trust and money-laundering of RM42 million from SRC International, a sub

(Dec 3): Iskandar Waterfront Holdings is considering an initial public offering as early as next year, partly to help fund the US$33.5 billion ($45.8 billion) Bandar Malaysia project, according to people with knowledge of the matter.

(Nov 5): Malaysia is working to locate at least US$4.3 billion ($5.8 billion) in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.

SINGAPORE (Nov 4): The United States Department of Justice (DOJ) has recovered the assets acquired by Low Taek Jho, aka Jho Low, the fugitive businessman wanted in relation to the 1Malaysia Development Bhd (1MDB) scandal.