Former Malaysian premier Najib Razak's trial over a massive financial scandal that contributed to his government's downfall was postponed Monday, in a blow to slow-moving efforts to bring the disgraced politician to justice.Najib had been due to go on trial Tuesday for the first time over allegations linked to his involvement in the looting of Malaysian sovereign wealth fund 1MDB in a fraud that reverberated around the world.Billions of dollars were allegedly stolen by Najib and his

Malaysia's toppled leader Najib Razak will go on trial this week over an extraordinary financial scandal that contributed to the downfall of his long-ruling coalition which has reverberated around the world.The former prime minister and his cronies are accused of stealing US$4.5 billion from Malaysian sovereign wealth fund 1MDB in a mind-boggling fraud that stretched from Switzerland to the Seychelles.The money was purportedly used to fund a global shopping spree – a US$250-million super

Malaysia said Tuesday it was investigating alleged claims China offered to help bail out scandal-hit state fund 1MDB and get foreign probes into the controversy dropped in return for securing infrastructure deals.Huge sums were purportedly looted from the Malaysian government fund in an audacious fraud, which allegedly involved former prime minister Najib Razak and contributed to his shock poll defeat in May 2018.The Wall Street Journal reported Chinese officials allegedly offered in 2016 to

Malaysia has filed criminal charges Monday against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1Malaysia Development Berhad (1MDB) scandal.Goldman subsidiaries and ex-bankers Tim Leissner and Ng Chong Hwa are accused of misappropriating US$2.7 billion, bribing officials and giving false statements in relation to bond issues they arranged for state fund 1MDB.Allegations that huge sums were

A high-profile corruption probe that has spanned continents has landed its first direct blow at Goldman Sachs.At least three senior Goldman bankers were implicated by the United States (US) Department of Justice (DOJ) in a multiyear criminal enterprise that included bribing officials in Malaysia and elsewhere and laundering of hundreds of millions of dollars.

Rosmah Mansor, the flamboyant wife of Malaysia's former prime minister, was arrested Wednesday by the country's anti-graft agency over a multi-billion-dollar scandal that helped to bring down the last government.Investigations into the alleged looting of state fund 1MDB by an audacious international fraud ring have already seen her husband Najib Razak hit with more than two dozen charges including corruption and money laundering.He is out on bail following his spectacular fall from

Malaysia's ex-leader Najib Razak was hit with 25 new charges of money laundering and abuse of power linked to the 1Malaysia Development Berhad (1MDB) mega-scandal Thursday, including allegations hundreds of millions of dollars were transferred to his personal bank account.As hundreds of banner-waving supporters gathered outside the Kuala Lumpur court, Najib pleaded not guilty to all counts, which represented the most serious in a string of charges he has faced over the alleged looting of

The United States (US) Justice Department reiterated it wasn’t involved in turning over Low Taek Jho’s US$250 million super yacht to Malaysia from Indonesia as the fugitive financier vowed not to submit to any jurisdiction where his guilt had been predetermined.Federal prosecutors said their only part in the yacht’s handover was to advise the crew members of the “Equanimity” to obey the instructions of the Indonesian government, which had both physical and legal custody of the 300-foot boat,

Malaysia’s former Prime Minister Najib Razak was charged under the anti-money laundering act in a case linked to the multibillion-dollar 1MDB scandal, adding to his earlier charges of corruption and breach of trust.Najib was served with three counts of money laundering breaches related to SRC International, a former unit of state fund 1MDB.

Malaysia is making "some arrangement" with Indonesia to take ownership of a luxury yacht linked to a multi-billion-dollar financial scandal, a government spokesman said Sunday.The Cayman Islands-registered Equanimity, believed to be worth some US$250 million, was seized in February off the Indonesian tourist island of Bali.