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1Malaysia Development Berhad (1MDB)
1MDB Watch
Former Malaysian DPM admits to making 'an honest mistake' in using charity fund for personal use
SINGAPORE (July 3): Malaysia’s former deputy prime minister, Datuk Seri Ahmad Zahid Hamidi, today said that he has made “an honest mistake” in using charity funds to pay credit card debts that he and his wife had accrued.
July 03, 2018
1MDB Watch
Ex Malaysian PM Najib arrested in 1MDB probe
(July 3): Former Malaysian leader Najib Razak was arrested in connection with an investigation into scandal-hit state fund 1MDB and was expected to be charged on Wednesday in Kuala Lumpur, according to the task force investigating the case.
July 03, 2018
1MDB Watch
Former Malaysian premier Najib arrested; to be charged in court tomorrow
KUALA LUMPUR (July 3): Former Malaysian Prime Minister Najib Razak was arrested on Tuesday, three sources familiar with the matter told Reuters, amid an investigation into how billions of dollars went missing from a state fund he founded almost a decade a
July 03, 2018
1MDB Watch
MACC confirms arrest of Najib
SINGAPORE (July 3): The Malaysian Anti-Corruption Commission (MACC) today confirmed that former prime minister Najib Razak has been arrested.
July 03, 2018
1MDB Watch
MACC summons 'Wolf of Wall Street' producer for 1MDB probe
(July 3): Malaysian investigators are questioning the producer of “The Wolf of Wall Street” as they step up efforts to recoup funds potentially lost through 1MDB.
July 03, 2018
1MDB Watch
How Malaysia sat on a RM53 bil debt
SINGAPORE (June 29): Malaysia’s Ministry of Finance (MOF) has to set aside RM44.6308 billion ($15.1 billion) from now to pay the remaining interest on four 1MDB bonds and to redeem the principal sums when they expire.
June 29, 2018
1MDB Watch
Umno HQ, Selangor bank accounts frozen; may deregister soon
SINGAPORE (June 26): The Malaysian Anti-Corruption Commission (MACC) has frozen the bank accounts of Umno’s headquarters and Selangor branch, according to Umno vice president Datuk Seri Dr Ahmad Zahid Hamidi.
June 28, 2018
1MDB Watch
Goldman lunch at Taste Paradise sets table for 1MDB money probe
SINGAPORE (June 28): In a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two Goldman Sachs Group Inc. bankers were explaining a US$1.75 billion ($2.38 billion) bond offering to six executives of a
June 28, 2018
1MDB Watch
Police seized $372 mil worth of handbags, jewellery in 1MDB-linked raids
(June 27): Malaysian police seized as much as 1.1 billion ringgit ($372 million) of items that included Hermes and Chanel designer handbags, jewellery and watches in raids linked to former Prime Minister Najib Razak.
June 27, 2018
1MDB Watch
KPMG tells 1MDB to not rely on audit reports over 3 years after access to withheld documents
(June 26): 1MDB’s auditor KPMG told the company not to rely on its reports over three years as they don’t show “true and fair” assessment of the troubled state fund’s finances.
June 26, 2018