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1Malaysia Development Berhad (1MDB)
1MDB Watch
The Edge awarded $3.6 mil in damages over suspension of publications
(Dec 17): The Malaysian High Court has granted more than RM11 million ($3.6 million) in damages to The Edge Communications for losses incurred following the three-month suspension of two of its publications three years ago.
December 17, 2018
1MDB Watch
Najib pleads not guilty to tampering 1MDB final audit report; bail granted at RM0.5 mil
SINGAPORE (Dec 12): Former Malaysian prime minister Najib Razak claimed trial earlier today at the Malaysian Sessions Court for allegedly tampering with a 1Malaysia Development Berhad (1MDB) final audit report.
December 12, 2018
1MDB Watch
Former 1MDB CEO Arul Kanda arrested; to appear in court with Najib on Wednesday
SINGAPORE (Dec 11): Former CEO of embattled state fund 1Malaysia Development Berhad (1MDB) has been arrested earlier today at 10.30am by the Malaysian Anti-Corruption Commission (MACC) for tampering the 1MDB final audit report.
December 11, 2018
1MDB Watch
Najib arrested for alleged tampering of 1MDB report
SINGAPORE (Dec 10): Malaysia’s ex-prime minister, Najib Razak, has been arrested yet again by the Malaysian Anti-Corruption Commission (MACC). But this time, over the “tampering” of the 1Malaysia Development Berhad (1MDB) final audit report.
December 10, 2018
1MDB Watch
Fugitive businessman Jho Low's super-yacht will be sold for nine-digit price, says 1MDB lawyer
(Dec 5): The Equanimity super-yacht that allegedly once belonged to fugitive businessman Low Taek Jho will be sold with a nine-digit price tag before March 31, according to 1Malaysia Development Bhd (1MDB) lawyer Sitpah Selvaratnam.
December 05, 2018
1MDB Watch
Misfired Goldman trade in 2016 involved firm tainted by 1MDB
(Dec 5): An obscure Swiss bank implicated in Malaysia’s 1MDB corruption scandal was involved in another trade with Goldman Sachs Group Inc in 2016 that exposed the Wall Street firm to unexpected losses.
December 05, 2018
1MDB Watch
Jho Low maintains innocence over new 1MDB fund misuse charges
(Dec 5): Malaysian financier Low Taek Jho has maintained his innocence over new charges of money laundering as the government steps up legal action against those who had allegedly embezzled from state investment fund 1MDB.
December 05, 2018
Tech
Goldman Sachs' 1MDB cover-up is bigger than the scandal
SINGAPORE (Dec 3): For nearly five years now, the unfolding 1 Malaysian Development Bhd or 1MDB scandal has had little or no impact on Wall Street even though US investment banking giant Goldman Sachs was at the core of the shenanigans and a key enabler.
December 02, 2018
1MDB Watch
Ex-Justice official helped 1MDB's Jho Low funnel dirty money
(Dec 1): A bizarre scheme to pressure the US to go easy on Malaysians involved in one of the biggest financial scandals in years relied on an unlikely middleman -- a Justice Department employee.
December 01, 2018
1MDB Watch
Najib: I doubted Tong's 'proof'
KUALA LUMPUR (Nov 30): Former premier Datuk Seri Najib Razak said he had rejected the “proof” of wrongdoings by 1Malaysia Development Bhd’s (1MDB) mastermind Low Taek Jho (Jho Low), presented to him in 2015 by The Edge Media Group chairman Tong Kooi
November 30, 2018