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The Latest Breaking News from 1MDB

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 '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

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.

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

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Najib Says Bribery, Power Abuse Charges 'Politically Motivated'

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-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

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

Malaysia's High Court Orders Najib Razak To Enter Defense

Malaysia's High Court Orders Najib Razak To Enter Defense

Former Malaysian Prime Minister Najib Razak faces trial for corruption in 1MDB scandal. Court orders defense entry, alleging siphoning of funds into person...

Malaysian court orders Najib to enter defense in his 2nd graft trial linked to 1MDB scandal

Malaysian court orders Najib to enter defense in his 2nd graft trial linked to 1MDB scandal

Malaysia's High Court has ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund

The Independent UK

Jailed former Malaysian leader apologizes for fund embezzlement scandal, reiterates his innocence

Jailed former Malaysian leader apologizes for fund embezzlement scandal, reiterates his innocence

Imprisoned former Malaysian Prime Minister Najib Razak issued a rare apology over the looting of a state investment fund worth billions of dollars “under my watch” while reiterating his innocence

The Independent UK

Swiss court convicts two executives for embezzling $1.8bn from 1MDB

Swiss court convicts two executives for embezzling $1.8bn from 1MDB

Court sentences PetroSaudi executives to six and seven years in Malaysia investment fund fraud case.

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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…

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…

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.

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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.

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.

International Business Times UK

British Journalist Sentenced To Prison In Malaysia For Defaming Queen

The journalist has alleged that she is being targeted because of her reports that exposed the 1MDB scandal.

Malaysia says it recovered $5m of stolen 1MDB assets over last 13 months

The Southeast Asian nation is trying to recover billions of dollars investigators say were stolen from the state fund.

Najib Razak's Jail Sentence Cut, Fine Reduced in Corruption Case

The Pardons Board in Malaysia has reduced former Prime Minister Najib Razak's prison sentence and fine related to a corruption case involving billions of d...

Malaysia halves ex-PM Najib Razak’s jail term in 1MDB corruption scandal

Najib, the first premier in the country’s history to be jailed, remains on trial in multiple cases related to the fund.

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