Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists

The FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system. Secret U.S. … More

Nine banks in Malaysia, led by Public Bank and Ambank, linked to 23 suspicious transactions

KUALA LUMPUR : A total of 23 transactions that flowed to or from banks in Malaysia between 2010 and 2016 … More

US charges 5 Chinese nationals, 2 Malaysians in hacking of more than 100 targets

The US Department of Justice announced charges against five Chinese and two Malaysian nationals on Wednesday in the hacking of … More

Papagomo, Parpukari, The Unspinners named as part of Rosmah’s cybertroopers

KUALA LUMPUR: Bloggers like Papagomo, Parpukari and The Unspinners were today named as among those paid up to RM5,000 monthly … More

Ex-CEO: Najib signed US$975m loan approval before 1MDB board knew about it, labelled ‘boss’ by Jho Low

KUALA LUMPUR : Datuk Seri Najib Razak had signed his written approval for government-owned company 1Malaysia Development Berhad (1MDB) to … More

In Najib trial, ex-1MDB CEO Hazem says quit because Jho Low controlled funds; adds even subordinates didn’t want job

KUALA LUMPUR : Mohd Hazem Abd Rahman who was CEO of government-owned 1Malaysia Development Berhad (1MDB) for less than two … More

1MDB ex-CEO reveals Jho Low’s script for Najib’s meeting with auditors at PM’s house, why KPMG replaced by Deloitte

KUALA LUMPUR : Low Taek Jho provided Datuk Seri Najib Razak a written script to follow when trying to convince … More

Ex-CEO: Jho Low was Najib’s trusted right-hand man, ‘proxy’ for 1MDB

KUALA LUMPUR : Low Taek Jho was the trusted right-hand man of then prime minister Datuk Seri Najib Razak in … More

Ex-1MDB CEO’s entire witness statement allowed to be read despite defence’s hearsay claim

KUALA LUMPUR : 1MDB chief executive office Mohd Hazem Abdul Rahman’s witness statement in the 1MDB-Tanore trial has been accepted … More

Najib’s SRC worst case of abuse of position and betrayal of trust, says judge

KUALA LUMPUR : High Court judge Justice Mohd Nazlan Mohd Ghazali characterised the conviction of former premier Datuk Seri Najib … More

Rosmah often received gifts, cash in return for her ‘help’ with govt contracts, Rizal Mansor tells court

KUALA LUMPUR : Datin Seri Rosmah Mansor was often approached by entrepreneurs and contractors seeking her help to secure government … More

Rosmah trial: Witness claims he was not misled by Rizal Mansor to prepare ‘consultancy agreement’

KUALA LUMPUR : Businessman Lawrence Tee stressed that he was not misled by Datuk Rizal Mansor to prepare a “consultancy … More

Najib’s trial: Prosecution insists 1MDB ex-CEO’s claims of Jho Low’s remarks exempt from hearsay rule, admissible

KUALA LUMPUR : Remarks attributed to fugitive businessman Low Taek Jho by a former 1Malaysia Development Berhad (1MDB) chief executive … More

Najib’s lawyer objects to 1MDB ex-CEO testifying about Jho Low’s alleged remarks, claims hearsay

KUALA LUMPUR : Datuk Seri Najib Razak’s lawyer today contested former 1Malaysia Development Berhad (1MDB) chief executive Mohd Hazem Abd … More

Despite dropping Goldman Sachs’ 1MDB-linked charges, prosecution says will continue with ex-banker Roger Ng’s case

KUALA LUMPUR : The prosecution today said it intends to proceed with its criminal case against former Goldman Sachs banker … More

Goldman’s 1MDB Charges Dropped by Malaysia After Settlement

Goldman Sachs made $2.5 billion payment to Malaysia last week Bank is in separate discussions with U.S. authorities on 1MDB … More

Ex-CEO says Jho Low, PMO, BN PAC members asked him to ‘protect’ Najib in 1MDB case

KUALA LUMPUR : Multiple individuals ranging from now-fugitive businessman Low Taek Jho, Prime Minister’s Office (PMO) officials and Barisan Nasional … More

Najib benefited from 1MDB scheme, gave instructions via Jho Low and knew his role, says former CEO

KUALA LUMPUR : Datuk Seri Najib Razak had personally benefited from the 1Malaysia Development Berhad (1MDB) scheme where the government-owned … More

United States Reaches Settlement to Recover more than $60 Million Involving Malaysian Sovereign Wealth Fund

The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Riza Aziz utilizing … More

Najib’s trial: 1MDB’s ex-CEO confirms US$681m from US$975m loan paid out to second fake Aabar

KUALA LUMPUR : More than US$681 million (RM2.82 billion) or nearly 70 per cent of a US$975 million sum borrowed … More

Islamic bank in Mauritius loses licence over 1MDB link

PETALING JAYA: Mauritius’ first Islamic bank was reported to have had its license revoked by the country’s central bank after … More

1MDB board never discussed acquisition of purported subsidiary Devonshire Limited Capital, ex-CEO testifies

KUALA LUMPUR : The board of directors of 1Malaysia Development Berhad (1MDB) never discussed the acquisition of its purported subsidiary, … More

Ex-secretary assumed Zahid gave blanket approval to stamp signature on charity’s cheques for credit card bills, admits clerical mistakes

KUALA LUMPUR : Datuk Seri Ahmad Zahid Hamidi’s former executive secretary today told the court that she had assumed the … More

32 1MDB-related cases still pending in courts, says law minister

KUALA LUMPUR : The Attorney General’s Chambers is committed to bringing to justice any individual who commits any criminal offence … More