Najib insists faultless in 1MDB scandal, top firms didn’t raise red flags

This comes after speculation he will be made economic adviser. A recent meeting between Prime Minister Ismail Sabri Yaakob and … More

1MDB and beyond: How US’ biggest law firm drives global wealth into tax havens

Baker McKenzie acted for tycoons, arms makers and authoritarian regimes. One client was 1MDB. Editor’s Note: All currency conversions are … More

Ex-aide: Najib had me instruct Audit Dept to remove sensitive info, including Jho Low’s involvement

KUALA LUMPUR : Datuk Seri Najib Razak’s former principal private secretary testified today that the former directed him to have … More

Minutes show Jho Low attended Sept 2009 board meeting, ex-company secretary tells court in 1MDB audit trial

KUALA LUMPUR : The businessman Low Taek Jho was recorded as present in the minutes of a 1Malaysia Development Berhad … More

1MDB whistleblower tells Najib to get a ‘thorough mental health check-up’

Xavier Justo hits back after the former prime minister accuses him of stealing data in exchange for money from a … More

After SRC drops two ex-directors from multi-billion dollar lawsuit, another ex-director files to have them compensate him over any possible losses, liability

KUALA LUMPUR : A former director of SRC International Sdn Bhd has recently filed to have two fellow former directors … More

1MDB trial: Defence presses for ex-CEO Hazem, Shahrol and other executives to be jailed for alleged fraud, CBT involving misappropriation of US$975m loan

KUALA LUMPUR : The defence in Datuk Seri Najib Razak’s abuse of power and money laundering trial today (Aug 23) … More

1MDB ex-CEO denies hiding info from board to protect salary, bonus; denies putting own interests above firm’s

KUALA LUMPUR : A former CEO of 1Malaysia Development Berhad (1MDB) today (Aug 19) denied that he had concealed information … More

Shafee suggests former 1MDB CEO and others should be on trial, not Najib

KUALA LUMPUR : A former CEO of 1Malaysia Development Berhad (1MDB) today disagreed in court to suggestions that he had … More

Ex-1MDB CEO confirms Jho Low was actual CEO, claims PM Najib put up ‘drama’ despite knowing funds disappeared

KUALA LUMPUR : A former CEO of 1Malaysia Development Berhad (1MDB) today confirmed to the High Court that he was … More

Najib’s Cabinet agreed for Audit Dept to probe 1MDB accounts, Deloitte audit report in 2015, court told

KUALA LUMPUR : Cabinet ministers under then prime minister Datuk Seri Najib Razak had agreed for the National Audit Department … More

1MDB audit trial: Former investments director says Jho Low attended 2009 board meeting where minutes were altered

KUALA LUMPUR : Fugitive businessman Low Taek Jho or Jho Low was present during the 1Malaysia Development Berhad’s (1MDB) board … More

Over $1 Billion in Misappropriated 1MDB Funds Now Repatriated to Malaysia

The Justice Department announced today that it has repatriated an additional $452 million in misappropriated 1Malaysia Development Berhad (1MDB) funds … More

1MDB-linked forfeiture suit against Najib, 17 others put off due to ‘new development’

The prosecution has received letters from counsels in other 1MDB-linked forfeiture suits which may affect proceedings. A new development has … More

1MDB and M’sian government sue KPMG partners for US$5.64 billion

KUALA LUMPUR : The government of Malaysia, its Ministry of Finance Inc (MoF Inc), 1Malaysia Development Bhd (1MDB) and various … More

New Charge For Jho Low, As 1MDB Scandal Becomes TV Series

The U.S. Department of Justice has laid a new charge against Low Taek Jho, known as Jho Low—the 39-year-old financier … More

Jho Low mounted secret lobbying campaign over 1MDB probe, US says

NEW YORK (BLOOMBERG) : A Malaysian financier and a former member of hiphop trio the Fugees were accused in a … More

Najib, not ZETI, is on 1MDB trial, says prosecution in objecting to Najib’s bid for documents

KUALA LUMPUR : The prosecution in Datuk Seri Najib Tun Razak’s case told the High Court today that the former … More

1MDB board performed ‘sandiwara’ to hide fact that money in Swiss bank account was actually for Umno — witness

KUALA LUMPUR : Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abdul Rahman testified today (May 27) that the board … More

1MDB subsidiary’s US$2.7b became US$60,000 in just months but CEO kept mum, court hears

KUALA LUMPUR : The over US$2.7 billion deposited in a 1Malaysia Development Berhad (1MDB) subsidiary’s bank account in March 2013 … More

Najib’s lawyers: ‘Octopus’ Jho Low was ‘real 1MDB thief’, with tentacles in many countries

KUALA LUMPUR : Datuk Seri Najib Razak’s lawyers today (May 20) sought to suggest that the now fugitive Low Taek … More

Najib’s lawyer asks 1MDB ex-CEO to see if signatures authorising multi-million fund transfers were ‘cut and paste’ but told not handwriting expert

KUALA LUMPUR : Datuk Seri Najib Razak’s lawyer today (May 19) tried to ask a former chief of 1Malaysia Development … More

Appeals Court reserves ruling in Najib’s SRC conviction appeal, decision date to be announced later

PUTRAJAYA : After 15 days, the hearing of Datuk Seri Najib Razak’s appeal against the former prime minister’s conviction and … More

Ex-1MDB CEO cites Jho Low’s instructions on alleged ‘boss’ Najib over signing of US$3b fundraising agreements without full documents in hand

KUALA LUMPUR : Former 1Malaysia Development Berhad (1MDB) CEO Mohd Hazem Abd Rahman today (May 17) cited now-fugitive businessman Low … More