1Malaysia Development Berhad (1MDB)

1MDB Watch

Najib found guilty of all charges in first of five 1MDB-related trials

High Court judge Mohd Nazlan Mohd Ghazali found Najib guilty on Tuesday (July 28) but did not release a verdict. The verdict will be delivered at 4pm.

1MDB Watch

Jho Low remains a wanted man: Singapore police

The charges, warrants of arrest and INTERPOL Red Notices against Low remain in force, a Singapore Police Force spokesman has confirmed.

1MDB Watch

Najib takes stand, denies everything

SINGAPORE (Dec 9): On Dec 3, former Malaysian prime minister Najib Abdul Razak took the stand as the first witness in his trial for seven counts of abuse of power, criminal breach of trust and money-laundering of RM42 million from SRC International, a sub
Builder of ex-1MDB project mulls IPO

IPO

Builder of ex-1MDB project mulls IPO

(Dec 3): Iskandar Waterfront Holdings is considering an initial public offering as early as next year, partly to help fund the US$33.5 billion ($45.8 billion) Bandar Malaysia project, according to people with knowledge of the matter.

1MDB Watch

Malaysia aims to locate further US$4.3 billion in 1MDB-linked assets

(Nov 5): Malaysia is working to locate at least US$4.3 billion ($5.8 billion) in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.

1MDB Watch

US DOJ reaches civil settlement with Jho Low but key 1MDB figure remains a fugitive

SINGAPORE (Nov 4): The United States Department of Justice (DOJ) has recovered the assets acquired by Low Taek Jho, aka Jho Low, the fugitive businessman wanted in relation to the 1Malaysia Development Bhd (1MDB) scandal.

1MDB Watch

Jho Low reaches settlement with US DoJ, to forfeit US assets worth US$670 mil

SINGAPORE (Oct 30): Low Taek Jho, the alleged mastermind behind the 1MDB saga, has reached a settlement with the US Department of Justice in respect of the civil forfeiture proceedings brought against him, The Edge Singapore understands.

Global Markets

Briefs

SINGAPORE (Oct 28): “Closing the gaps requires both jobseekers and employers to be more open and flexible.” – Singapore’s Manpower Minister Josephine Teo, on the widening mismatch between job seekers and openings available

1MDB Watch

Malaysia could settle for fraction of US$7.5 bil demanded from Goldman Sachs for role in 1MDB, sources say

(Oct 23): Again and again, Malaysia has publicly demanded Goldman Sachs pay an eye-popping US$7.5 billion ($10.2 billion) for its role in the 1MDB scandal. But privately, Malaysian negotiators are considering settling for a fraction of that.

1MDB Watch

Malaysia seeks 1MDB funds from Najib's brother, ex-minister

(Oct 7): Malaysia is asking the brother of ex-premier Najib Razak and former cabinet ministers to return funds believed to have come from 1MDB or risk being prosecuted.
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