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1Malaysia Development Berhad (1MDB)
In print this week
Briefs
SINGAPORE (May 6): “What’s wrong with a female emperor, I wonder? Those practices need to change in the modern era.” — Yukiko Minegishi, who works with a uniform maker in Tokyo.
May 06, 2019
1MDB Watch
Singapore said to send money from ex-Goldman banker to Malaysia
(May 5): Singaporean authorities are preparing to return about $35 million surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.
May 03, 2019
Malaysia
Malaysia's markets set for rebound, ex-CIMB chief Nazir says
(May 2): Malaysia’s stock market and currency are set for a rebound from their slump following the elections almost a year ago, said Nazir Razak, former chairman of Malaysia’s second-largest bank.
May 02, 2019
Malaysia
Najib’s trial starts to lay out money trail
SINGAPORE (Apr 22): Witnesses in the trial of Malaysia’s disgraced former prime minister Najib Abdul Razak have started to help piece together the money trail from SRC International that allegedly led to his personal accounts in a local bank.
April 22, 2019
1MDB Watch
'Najib is not above the law,' says Malaysia's Attorney General
KUALA LUMPUR (April 3): The trial of Datuk Seri Najib Razak, the former Prime Minister and Finance Minister, is a demonstration that everyone is equal before the law, said Attorney General Tommy Thomas in his opening statement.
April 03, 2019
1MDB Watch
Equanimity superyacht sold to Genting for 'very satisfactory' US$126 mil
SINGAPORE (April 3): Equanimity, the multi-million dollar superyacht that once belonged to the alleged mastermind of Malaysia’s 1MDB scandal Low Taek Jho (Jho Low), has been sold for a “very satisfactory sale price” of US$126 million ($170.6 million
April 03, 2019
1MDB Watch
Najib's first 1MDB trial starts today in key test for Malaysia
(Apr 3): The first of many trials for Malaysia’s former premier Najib Razak will serve as a key test of the nation’s readiness to get to the bottom of the 1MDB scandal.
April 03, 2019
1MDB Watch
IRB slaps Najib with $500 mil tax bill
KUALA LUMPUR (Apr 1): The Inland Revenue Board (IRB) has slapped Datuk Seri Najib Razak with an extra tax bill of around RM1.5 billion ($498 million) for 2011-2017.
April 01, 2019
1MDB Watch
Jho Low's family mansion in Penang seized
(Mar 24): Malaysian authorities have seized a mansion believed to belong to the family of Low Taek Jho in connection to investigations into 1Malaysia Development Berhad, the New Straits Times reported.
March 25, 2019
Management & Corporate Governance
MAS reports $16.8 mil in fines imposed over past 18 months in very first enforcement report
SINGAPORE (Mar 20): In the 18 months to Dec 2018, the Monetary Authority of Singapore (MAS) secured one criminal conviction, issued 19 prohibition orders and imposed fines totalling $16.8 million.
March 20, 2019