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The Latest Breaking News from 1MDB

Swiss court convicts two executives for embezzling $1.8bn from 1MDB

Court sentences PetroSaudi executives to six and seven years in Malaysia investment fund fraud case.

Al Jazeera

Swiss Court Convicts Petrosaudi Executives In Swiss Court Convicts Petrosaudi Executives In Top News.8B Scam.8B Scam

Swiss court convicts Saudi oil company managers in Swiss Court Convicts Petrosaudi Executives In Top News.8B Scam.8B 1MDB fraud scandal, leading to significant repercussions.

Top News

PetroSaudi Execs Get Swiss Jail Terms Over $1.8 Bn 1MDB Fraud

A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after finding them guilty over the embezzlement of $1.8 billion from the Malaysian sovereign wealth fund 1MDB. Tarek Obaid, the Swiss-Saudi chief executive of the oil exploration and production company, was sentenced to seven years in prison…

International Business Times

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No Sealing of Goldman Sachs Employees' Names in Securities Fraud Lawsuit

From Magistrate Judge Katharine Parker (S.D.N.Y.) Thursday in Ap-Fonden v. Goldman Sachs Group, Inc.: This securities fraud litigation, filed in 2018 arises out of the 1Malaysia Development Berhad ("1MDB") scandal. Plaintiffs were investors in Defendant the Goldman Sachs Group Inc. ("Goldman"). The parties have moved to seal materials submitted in…

Reason

Malaysia’s Najib loses bid to serve corruption sentence under house arrest

Jailed former leader claimed the Malaysian king issued a royal order authorising his transfer to house arrest.

Al Jazeera

Malaysia handed back $156m in stolen 1MDB funds, US embassy says

US ambassador says returned assets can be used for original purpose of bettering the lives of everyday Malaysians.

Al Jazeera

Malaysia’s Mahathir denies corruption, says most of his money ‘now gone’

Elder statesman challenges Prime Minister Anwar Ibrahim to prove that he used time in office for personal enrichment.

Al Jazeera

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Trial Over $1.8 Bn Fraud At Malaysia's 1MDB Opens In Switzerland

Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multi-billion-dollar financial scandal.

International Business Times

British Journalist Sentenced To Prison In Malaysia For Defaming Queen

The journalist has alleged that she is being targeted because of her reports that exposed the 1MDB scandal.

International Business Times UK

Malaysia says it recovered $5m of stolen 1MDB assets over last 13 months

The Southeast Asian nation is trying to recover billions of dollars investigators say were stolen from the state fund.

Al Jazeera

Najib Razak's Jail Sentence Cut, Fine Reduced in Corruption Case

The Pardons Board in Malaysia has reduced former Prime Minister Najib Razak's prison sentence and fine related to a corruption case involving billions of d...

Top News

Malaysia halves ex-PM Najib Razak’s jail term in 1MDB corruption scandal

Najib, the first premier in the country’s history to be jailed, remains on trial in multiple cases related to the fund.

Al Jazeera

Ex-Malaysian PM’s lawyer pressures Netflix to take down documentary

Defence counsel for Najib Razak, jailed over fraud scandal, says Man on the Run is ‘sub judice and contemptuous’

The Guardian - UK

Malaysia questions Goldman Sachs lawsuit over 1MDB settlement, saying it's premature

The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund

The Independent UK

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Al Jazeera

Why is Goldman Sachs suing Malaysia over 1MDB scandal?

Prominent US investment bank in dispute with Malaysia over settlement relating to its role in scandal at state fund.

The Independent UK

Malaysia's Appeals Court upholds Najib's acquittal in one of his 1MDB trial

Malaysia’s Court of Appeal has upheld the acquittal of former Prime Minister Najib Razak of audit tampering in relation to the multibillion dollar looting of the 1MDB state fund

The Guardian - UK

The NatWest boss, the missing Malaysian billions and the damning email

Rick Haythornthwaite stonewalled investigator on the trail of ‘world’s biggest financial scandal’

The Guardian - UK

New NatWest boss worked for oil firm under investigation in ‘world’s biggest financial scandal’

Exclusive: Rick Haythornthwaite was paid £200,000 a year by Saudi company, PetroSaudi, involved in 1MDB scandal

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The Guardian - UK

Man on the Run review – the Malaysian scandal that rocked Wall Street and Hollywood

Billions of dollars went missing from the notorious 1MDB fund – and now its claimed mastermind cannot be found. A new documentary tries to untangle the knots of the case

Al Jazeera

Malaysia drops corruption case against deputy prime minister

Decision made at prosecution’s request, raising questions over government’s commitment to tackling graft.

Reuters

Former aide to 1MDB fugitive Jho Low dies

A former aide to Malaysian fugitive Jho Low, the financier at the centre of the multi-billion dollar 1MDB corruption scandal, has died, his lawyers said on Wednesday.

Al Jazeera

1MDB suspect and Jho Low associate dies weeks after questioning

Kee’s death comes after anti-graft body said he had confirmed the whereabouts of Malaysian financier Jho Taek Low.

Bangkok Post

Malaysia: 1MDB fugitive Jho Low in Macau

Malaysia believes that fugitive financier Low Taek Jho is hiding in Macau, along with others wanted in the multibillion-dollar 1MDB scandal, Al Jazeera has reported, citing the national anti-graft body.

Al Jazeera

1MDB fugitive Jho Low placed in Macau as associates in spotlight

Malaysia’s anti-corruption body reveals Jho Low’s alleged whereabouts after questioning of 1MDB suspect Kee Kok Thiam.

Al Jazeera

Malaysia’s Anwar says in talks to return 1MDB fugitive Jho Low

Jho Low faces charges in Malaysia and the US for allegedly orchestrating theft of $4.5bn from wealth fund 1MDB.

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