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1Malaysia Development Berhad (1MDB)
1MDB Watch
Putrajaya files forfeiture suit against Najib, Rosmah over items bought with stolen 1MDB funds
KUALA LUMPUR (May 8): The Government and the police have filed a civil forfeiture suit against former premier Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and several others in relation to jewellery, cash, handbags and luxury vehicles said to
May 08, 2019
1MDB Watch
Officials said to meet to coordinate Goldman approach over 1MDB
(May 7): Law enforcement officials from the US, Malaysia and Singapore are meeting near Kuala Lumpur this week to coordinate their legal approaches toward Goldman Sachs Group Inc over its work raising money for scandal-plagued state fund 1MDB, people with
May 07, 2019
1MDB Watch
US begins return of US$200 mil in 1MDB funds to Malaysia
KUALA LUMPUR (May 7): The US government has begun returning to Malaysia some US$200 million ($272.5 million) recovered from asset seizures linked to state fund 1MDB, with about a quarter of the amount already repatriated, the two countries said on Tuesday
May 07, 2019
1MDB Watch
Malaysia sends ex-Goldman banker facing 1MDB charges to the US
KUALA LUMPUR (May 6): Former Goldman Sachs banker Roger Ng has been sent to the United States to face charges over 1MDB-related offences in a deal worked out between Malaysian investigators and the US Department of Justice (DOJ).
May 06, 2019
In print this week
Briefs
SINGAPORE (May 6): “What’s wrong with a female emperor, I wonder? Those practices need to change in the modern era.” — Yukiko Minegishi, who works with a uniform maker in Tokyo.
May 06, 2019
1MDB Watch
Singapore said to send money from ex-Goldman banker to Malaysia
(May 5): Singaporean authorities are preparing to return about $35 million surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.
May 03, 2019
Malaysia
Malaysia's markets set for rebound, ex-CIMB chief Nazir says
(May 2): Malaysia’s stock market and currency are set for a rebound from their slump following the elections almost a year ago, said Nazir Razak, former chairman of Malaysia’s second-largest bank.
May 02, 2019
Malaysia
Najib’s trial starts to lay out money trail
SINGAPORE (Apr 22): Witnesses in the trial of Malaysia’s disgraced former prime minister Najib Abdul Razak have started to help piece together the money trail from SRC International that allegedly led to his personal accounts in a local bank.
April 22, 2019
1MDB Watch
'Najib is not above the law,' says Malaysia's Attorney General
KUALA LUMPUR (April 3): The trial of Datuk Seri Najib Razak, the former Prime Minister and Finance Minister, is a demonstration that everyone is equal before the law, said Attorney General Tommy Thomas in his opening statement.
April 03, 2019
1MDB Watch
Equanimity superyacht sold to Genting for 'very satisfactory' US$126 mil
SINGAPORE (April 3): Equanimity, the multi-million dollar superyacht that once belonged to the alleged mastermind of Malaysia’s 1MDB scandal Low Taek Jho (Jho Low), has been sold for a “very satisfactory sale price” of US$126 million ($170.6 million
April 03, 2019