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
As Malaysia continues along an unfamiliar path – having only tasted rule under one party for over six decades – the new Alliance of Hope (Pakatan Harapan) government headed by Prime Minister, Dr Mahathir Mohamed must be careful to not repeat the mistakes of the previous administration.Since assuming office, Malaysia’s new government has wasted no time in admonishing its predecessor for incompetence whilst it held the reins of executive power in the country.
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.
It will be months before a verdict is reached in the corruption case brought against ex-Malaysian Prime Minister Najib Razak, who is accused of siphoning money from a former unit of the state-owned 1MDB development fund. (He has pleaded not guilty to the charges.) But his arrest this week is more significant than many people outside the region may realize.
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.
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.