money laundering

(Mar 24): Malaysian authorities have seized a mansion believed to belong to the family of Low Taek Jho in connection to investigations into 1Malaysia Development Berhad, the New Straits Times reported.

KUALA LUMPUR (Mar 6): Former Sabah chief minister Tan Sri Musa Aman claimed trial yesterday to 16 counts of money laundering involving US$37.8 million ($51.2 million) and $2.5 million in the Sessions Court here.

KUALA LUMPUR (Feb 11): Former Prime Minister Datuk Seri Najib Razak’s trial linked to SRC International Sdn Bhd has been postponed.

(Jan 30): Malaysia imposed the maximum fine on Deloitte PLT for breaches related to a bond issuance by 1MDB, becoming the first auditor of the scandal-ridden state fund to face penalties.

(Jan 17): Goldman Sachs Group Chief Executive Officer David Solomon apologised to the Malaysian people for the role that a senior banker at the firm, Tim Leissner, played in the 1MDB scandal.

(Dec 19): Malaysian prosecutors will charge a former Goldman Sachs Group banker on Wednesday, said a person familiar with the matter, after an oversight earlier in the day delayed his extradition process to the US.

(Dec 5): The Equanimity super-yacht that allegedly once belonged to fugitive businessman Low Taek Jho will be sold with a nine-digit price tag before March 31, according to 1Malaysia Development Bhd (1MDB) lawyer Sitpah Selvaratnam.

KUALA LUMPUR (Nov 30): Former premier Datuk Seri Najib Razak said he had rejected the “proof” of wrongdoings by 1Malaysia Development Bhd’s (1MDB) mastermind Low Taek Jho (Jho Low), presented to him in 2015 by The Edge Media Group chairman Tong Kooi

SINGAPORE (Dec 3): Najib Razak, in an interview with Sinar Harian two weeks ago, conceded that based on information available today, Jho Low had cheated Malaysia of billions of dollars through transactions done by 1Malaysia Development Bhd (1MDB).

(Nov 12): Goldman Sachs’s former top banker in Asia says the culture of secrecy at the investment bank led him to conceal wrongdoing from the company’s compliance staff.