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The Latest Breaking News from 1MDB

Malaysia unveils Picasso and Miró works recovered from 1MDB scandal

Artworks were repatriated from New York as part of Malaysia’s efforts to recover assets allegedly bought with misappropriated state investment funds

The Independent UK

Former Malaysian Prime Minister Najib Razak convicted in trial over 1MDB corruption scandal

Former Malaysian Prime Minister Najib Razak has been convicted in a corruption trial tied to a multibillion-dollar looting of the 1MDB state investment fund

The Independent UK

Former Malaysian PM Najib Razak jailed for 15 more years in 1MDB graft scandal

New conviction over plunder of state fund substantially increases six-year term in separate case

The Guardian - UK

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Malaysian court rejects ex-Prime Minister’s bid to serve remainder of sentence under house arrest

A Malaysian court has rejected former Prime Minister Najib Razak’s bid to serve the rest of his graft sentence under house arrest

The Independent UK

From Fugee to felon: how Pras ‘betrayed his country’

Ex-member of the hip-hop group was convicted of money laundering and campaign finance violations after funneling money from a rich Malaysian

The Guardian - US

Fugees Michel Pras 'Betrayed His Country for Money,' Sentenced to 14 Years for $100M Foreign Lobbying Plot

Fugees' Michel Pras was accused of taking millions from fugitive Malaysian financier Jho Low and funnelling them through straw donors to Barack Obama's 2012 reelection campaign.

International Business Times UK

Malaysian court drops money laundering charges against jailed ex-leader Najib Razak

A Malaysian court has dropped three money laundering charges against jailed former Prime Minister Najib Razak in a case linked to the multibillion-dollar looting of a state fund

The Independent UK

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Sentence for ex-Goldman banker in 1MDB case ‘too short’: Malaysian minister

Former Goldman Sachs banker Tim Leissner was sentenced on Thursday to two years in prison for role in 1MDB scandal.

Al Jazeera

Ex-Goldman Sachs banker gets 2 years in prison for plot to fleece billions from Malaysia's 1MDB fund

A former Goldman Sachs banker has been sentenced to two years in federal prison for his role in a $4.5 billion scheme to ransack a Malaysian state investment fund

The Independent UK

US Judge Sentences Ex-Goldman Sachs Banker To Two Years Over 1MDB Scandal

A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation.

International Business Times

Jailed Ex-Malaysian Leader Najib Moves Closer To House Arrest

Jailed former Malaysian leader Najib Razak moved closer on Monday to serving the rest of his sentence at home after an appeal court ruled he could use a royal decree supporting his claim.

International Business Times

Najib Says Bribery, Power Abuse Charges 'Politically Motivated'

Malaysia's jailed ex-leader Najib Razak began his defence Monday against graft charges tied to more than $500 million in alleged bribes and several counts of money laundering, saying they were "politically motivated".

International Business Times

Malaysia's Jailed Ex-PM Najib To Argue Appeal For House Arrest

Malaysia's jailed ex-leader Najib Razak will begin his defence this week against graft charges tied to more than $500 million in alleged bribes, and argue to serve the rest of his sentence under house arrest.

International Business Times

Malaysian court drops one of the graft cases against jailed former premier Najib Razak

A Malaysian court dropped charges against jailed former Prime Minister Najib Razak over criminal breach of trust linked to the multibillion-dollar looting of a state fund

The Independent UK

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Top News

Swiss Court Convicts Petrosaudi Executives In Swiss Court Convicts Petrosaudi Executives In Top News.8B Scam.8B Scam

Swiss court convicts Saudi oil company managers in Swiss Court Convicts Petrosaudi Executives In Top News.8B Scam.8B 1MDB fraud scandal, leading to significant repercussions.

International Business Times

PetroSaudi Execs Get Swiss Jail Terms Over $1.8 Bn 1MDB Fraud

A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after finding them guilty over the embezzlement of $1.8 billion from the Malaysian sovereign wealth fund 1MDB. Tarek Obaid, the Swiss-Saudi chief executive of the oil exploration and production company, was sentenced to seven years in prison…

Reason

No Sealing of Goldman Sachs Employees' Names in Securities Fraud Lawsuit

From Magistrate Judge Katharine Parker (S.D.N.Y.) Thursday in Ap-Fonden v. Goldman Sachs Group, Inc.: This securities fraud litigation, filed in 2018 arises out of the 1Malaysia Development Berhad ("1MDB") scandal. Plaintiffs were investors in Defendant the Goldman Sachs Group Inc. ("Goldman"). The parties have moved to seal materials submitted in…

Al Jazeera

Malaysia’s Najib loses bid to serve corruption sentence under house arrest

Jailed former leader claimed the Malaysian king issued a royal order authorising his transfer to house arrest.

Al Jazeera

Malaysia handed back $156m in stolen 1MDB funds, US embassy says

US ambassador says returned assets can be used for original purpose of bettering the lives of everyday Malaysians.

Al Jazeera

Malaysia’s Mahathir denies corruption, says most of his money ‘now gone’

Elder statesman challenges Prime Minister Anwar Ibrahim to prove that he used time in office for personal enrichment.

International Business Times

Trial Over $1.8 Bn Fraud At Malaysia's 1MDB Opens In Switzerland

Two men accused of embezzling $1.8 billion from the Malaysian sovereign wealth fund 1MDB went on trial in Switzerland on Tuesday, the latest hearings stemming from the vast multi-billion-dollar financial scandal.

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