1Malaysia Development Berhad (1MDB)

SINGAPORE (June 26): Malaysia’s state investment fund, 1Malaysia Development Berhad (1MDB), announced that it has appointed Datuk Asri Hamidon as the new chairman of the company, effective June 25.

SINGAPORE (June 26): The special officer to Malaysia’s ex-Prime Minister Najib Razak has been arrested on Sunday by the Malaysian Anti-Corruption Commission (MACC), according to The Edge Financial Daily. 

(June 22): Malaysia will seek to recoup US$4.5 billion ($6.1 billion) of funds that were potentially lost through 1MDB, as well as fees paid to Goldman Sachs Group, according to Prime Minister Mahathir Mohamad.

(June 22): Malaysia named Nor Shamsiah Mohd Yunus, a former central bank official who investigated the scandal-plagued state fund 1MDB, as governor of the regulator.

SINGAPORE (June 21): The Malaysian government has agreed to inject RM2.8 billion ($950 million) of new capital into the Tun Razak Exchange (TRX) development in Kuala Lumpur to avoid bigger losses.

LANGKAWI (June 21): Former Malaysian prime minister Najib Razak says he shouldn’t be blamed for the multi-billion-dollar 1MDB scandal, and declares he knows nothing about money from the state fund appearing in his personal account.

(June 16): Prime Minister Mahathir Mohamad has rejected an offer by Low Taek Jho to drop his claim to assets frozen by US authorities in return for immunity from prosecution over the 1Malaysia Development Berhad (1MDB) scandal, the Wall Street Journal (WS

KUALA LUMPUR (June 15): Malaysian authorities investigating scandal-hit state fund 1Malaysia Development Berhad (1MDB) are considering charging former prime minister Najib Razak with money laundering and misappropriation of property, a source familiar wit

SINGAPORE (June 14): The US Department of Justice (DoJ) described Eric Tan Kim Loong, 40, as an associate of Low Taek Jho or Jho Low.

(June 13): Malaysia’s attorney general will start his review of 1MDB investigation papers, signalling that charges linked to the troubled state fund may be imminent.