International Petroleum Investment Company (IPIC)

KUALA LUMPUR (June 16): Two men linked to the 1Malaysia Development Bhd kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, the Wall Street Journal reported today, citing a statement from the emirate's crimi

KUALA LUMPUR (Dec 20): Goldman Sachs said the financial services provider relied on documents provided by International Petroleum Investment Co (IPIC) executives, when Goldman Sachs proceeded with the US$1.75 billion (about RM7.32 billion) IPIC-guaranteed

MUMBAI (Nov 28): Goldman Sachs may wind up paying twice for 1MDB. Abu Dhabi's sovereign fund is suing the US investment bank in New York for its role in the Malaysian fund scandal. The damages sought could exceed Goldman's average annual net profi

KUALA LUMPUR (Nov 21): The International Petroleum Investment Company (IPIC) is suing Goldman Sachs Group Inc for playing a “central role” in the 1Malaysian Development Bhd (1MDB) scandal, which IPIC says caused it “significant financial exposure an

SINGAPORE (June 16): The US Department of Justice (DoJ) on Thursday filed its third lawsuit to seize an additional US$540 million ($747 million) worth of assets linked to corruption involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB

KUALA LUMPUR (April 24): Malaysia reached an agreement to pay Abu Dhabi about US$1.2 billion ($1.7 billion) as settlement over the debt of embattled government fund 1Malaysia Development Bhd.

SINGAPORE (July 18): DBS Group is also under scrutiny by the Monetary Authority of Singapore (MAS) to determine whether it broke anti-money laundering rules in handling transactions linked to scandal-hit Malaysian state fund 1MDB, three people with knowle