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.
Populist electoral victories around the world in recent years have led many to conclude that liberal democracy is under assault.
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.
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,”
On 9 May 2018, Malaysians from all walks of life will go to the polls in what has been dubbed “the mother of all elections.” The elections on Wednesday, the country's 14th since gaining independence in 1957, will decide whether the National Front (Barisan Nasional) will continue ruling Malaysia as it has for the past 61 years. If it wins, Barisan Nasional will continue to be the longest ruling political party in the world.This election is unlike any other in Malaysia’s history.
Former Deputy Prime Minister of Malaysia, Musa Hitam will be representing Malaysia’s Prime Minister, Najib Razak as head of the Malaysian delegation to the 32nd ASEAN Summit held in Singapore from 27-28 April 2018.While no explicit reason for Razak's absence was given, Razak who is also party chairman of the ruling Barisan Nasional, is expected to be tending to domestic commitments as Malaysia braces for elections in early May.
A nascent recovery in Malaysian bond inflows is set to depend on whether Prime Minister Najib Razak will be able to shrink the fiscal deficit while appealing to voters in an expected election budget.Najib will be able to count on higher revenue from a consumption tax and a recovery in crude prices, giving him room to commit to a balanced budget that would spur Malaysia’s bonds to outperform, according to Investec Asset Management.
Brunei's all-powerful sultan will mark 50 years on the throne Thursday with lavish celebrations including a glittering procession, a 21-gun salute and a ceremony at his vast, golden-domed palace.The festivities for Sultan Hassanal Bolkiah – which will include the monarch being carried past huge crowds of well-wishers in a chariot – are the centrepiece of events to mark his golden jubilee.The 71-year-old, the world's second-longest reigning monarch, ascended to the throne of the tiny
Jailed Malaysian opposition leader, Anwar Ibrahim is still hospitalised but is currently in a stable condition, according to a press statement released by his party.The 70-year-old was rushed to the Kuala Lumpur Hospital, located in the nation’s capital on Tuesday when his blood pressure became erratic due to a shoulder injury sustained earlier.When contacted by The ASEAN Post, the spokesperson for Anwar’s party, Fahmi Fadzil said that the former Malaysian lawmaker would tentatively be discha
