Malaysian authorities have charged former leader Najib Razak with corruption and criminal breach of trust in connection with a multibillion-dollar scandal surrounding state fund 1MDB.Najib faces three counts of criminal breach of trust, which carry a punishment of up to 20 years in jail and whipping, along with a possible fine.

Malaysian authorities conducting a probe into troubled state investment fund 1Malaysia Development Bhd (1MDB) have issued an arrest warrant for financier Low Taek Jho and are preparing warrants for two others, including a former Goldman Sachs Group Inc. banker, people with knowledge of the matter said.The Malaysian Anti-Corruption Commission (MACC) has also issued an arrest warrant for Nik Faisal Ariff Kamil, a former official at a 1Malaysia Development Bhd unit.

Malaysian Prime Minister Mahathir Mohamad’s government is considering investigating former leader Najib Razak for alleged abuse of power, as it intensifies efforts to seek evidence of alleged wrongdoing at scandal-plagued state fund 1MDB just days after taking office.The Malaysian Anti-Corruption Commission laid out in recent days a comprehensive list detailing the potential scope of investigations into 1MDB, according to people who have seen the document.

Financial centres across the globe are often named after the specific location they are constructed on. This can be seen with the Marina Bay Financial Centre in Singapore, the Hong Kong International Finance Centre, and Wall Street in New York City, amongst others. In Malaysia, however, this is not the case.

Malaysian police seized personal items from former prime minister Najib Razak’s house in a six-hour overnight search, the New Straits Times reported, as Prime Minister Mahathir Mohamad’s week-old government seeks evidence into wrongdoing at state fund 1MDB.Authorities took handbags, clothes and gifts as evidence but not any documents, the newspaper said, citing Najib Razak’s lawyer Harpal Singh Grewal.

Four days after Malaysia said it will reopen a graft probe into state fund 1MDB, Swiss prosecutors said they wanted to start talks with investigators in the Southeast Asian nation as soon as possible to better coordinate various criminal probes into the sprawling case.The Office of the Attorney General of Switzerland “is very much interested in renewing dialogue with the competent authorities in Malaysia” and “favours an exchange between partnering authorities at their earliest convenience,”

Indonesia will investigate whether citizens linked to the transfer of 1.4 billion dollars of Standard Chartered private bank client assets complied with tax amnesty requirements.The country’s Finance Ministry received data on the fund transfer for tax compliance purposes and found it involved 81 private citizens, without any military, police, law enforcement or civil servants involved, Ken Dwijugiasteadi, director-general for taxation, told reporters in Jakarta on Monday.

Malaysia's former leader Mahathir Mohamad said Monday an inquiry into losses by the central bank in the 1990s was a "vindictive" attempt to target him and deflect attention from a scandal embroiling the current government.Mahathir, who is seeking to oust scandal-plagued Prime Minister Najib Razak, was giving evidence at the inquiry into alleged multi-billion-dollar losses incurred by Bank Negara Malaysia through foreign exchange trading during his time in power.The government-a

When Malaysian Prime Minister Najib Razak meets former golf partner Donald Trump in the White House on Tuesday, the elephant in the room will be a US criminal probe of an investment fund linked to Najib.While ties between the countries are solid, there are points of strain for the two leaders. One wrinkle is a Department of Justice investigation into alleged money laundering and embezzlement at state-owned 1MDB (1Malaysia Development Bhd).

Possible witnesses to the alleged looting of billions of dollars from 1MDB (1Malaysia Development Berhad) are too scared to talk to US investigators because they fear retaliation, according the FBI (Federal Bureau of Investigation).Some people in "certain foreign countries" already assisting the criminal probe are concerned for their safety, while others say it’s too dangerous to cooperate, according to an FBI request to keep the names of its informants secret from the alleged maste