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The Latest Breaking News from 1MDB

Jailed Ex-Malaysian Leader Najib Moves Closer To House Arrest

Jailed former Malaysian leader Najib Razak moved closer on Monday to serving the rest of his sentence at home after an appeal court ruled he could use a royal decree supporting his claim.

International Business Times

Najib Says Bribery, Power Abuse Charges 'Politically Motivated'

Malaysia's jailed ex-leader Najib Razak began his defence Monday against graft charges tied to more than $500 million in alleged bribes and several counts of money laundering, saying they were "politically motivated".

International Business Times

Malaysia's Jailed Ex-PM Najib To Argue Appeal For House Arrest

Malaysia's jailed ex-leader Najib Razak will begin his defence this week against graft charges tied to more than $500 million in alleged bribes, and argue to serve the rest of his sentence under house arrest.

International Business Times

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Malaysian court drops one of the graft cases against jailed former premier Najib Razak

A Malaysian court dropped charges against jailed former Prime Minister Najib Razak over criminal breach of trust linked to the multibillion-dollar looting of a state fund

The Independent UK

Malaysia's High Court Orders Najib Razak To Enter Defense

Former Malaysian Prime Minister Najib Razak faces trial for corruption in 1MDB scandal. Court orders defense entry, alleging siphoning of funds into person...

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

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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International Business Times

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 UK

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.

Al Jazeera

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.

Top News

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...

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Al Jazeera

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.

The Guardian - UK

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 Independent 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

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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