Gulf Times - 1MDB
Former Malaysian PM Najib to go on trial next year

Former Malaysian PM Najib to go on trial next year

Najib Razak and his wife, Rosmah Mansor, have been barred from leaving the country after his decade in power ended in a shock election defeat in May.

Indonesia to hand over yacht linked to 1MDB to Malaysia

Indonesia to hand over yacht linked to 1MDB to Malaysia

Indonesia has agreed to hand over to Malaysia a $250 million luxury yacht it impounded in Bali earlier this year in connection with a corruption scandal at a Malaysian state fund, Indonesian authorities said on Saturday.

Switzerland investigates six for suspected bribery: 1MDB probe

Switzerland investigates six for suspected bribery: 1MDB probe

1Malaysia Development Berhad, or 1MDB as it is known, is at the centre of money laundering investigations in at least six countries.

Malaysia's Najib pleads not guilty to charges in 1MDB graft probe

Malaysia's Najib pleads not guilty to charges in 1MDB graft probe

Malaysia's former prime minister, Najib Razak, on Wednesday pleaded not guilty to abuse of power and other charges arising from an investigation into a scandal-plagued state fund ...

Bank accounts of Najib's party frozen in 1MDB probe

Bank accounts of Najib's party frozen in 1MDB probe

The United Malays National Organisation (Umno) has governed the country for more than 60 years.

Nearly $275mn in luxury items seized from homes of Najib, wife

Nearly $275mn in luxury items seized from homes of Najib, wife

Authorities are investigating Najib as part of their probe into how billions of dollars went missing from state fund 1Malaysia Development Berhad (1MDB), which was founded by the former premier.

Malaysia seeks to lay charges against Najib, says Mahathir

Malaysia seeks to lay charges against Najib, says Mahathir

Mahathir Mohamad told Reuters in an interview that Malaysian investigators already "have an almost perfect case" against the principal suspects who had defrauded 1MDB.

Singapore, Malaysia working to retrieve 1MDB funds

Singapore, Malaysia working to retrieve 1MDB funds

At least six countries, including the United States and Switzerland, are investigating claims that $4.5bn was siphoned out of the fund.

Malaysia police say found $28.6 mn, over 400 handbags in 1MDB-linked raids

Malaysia police say found $28.6 mn, over 400 handbags in 1MDB-linked raids

Malaysian police said on Friday that cash worth 114 million ringgit ($28.6 million) and over 400 luxury handbags were seized from several apartments as part of an anti-graft probe ...

Malaysia sets up task force to probe 1MDB scandal

Malaysia sets up task force to probe 1MDB scandal

Malaysia on Monday set up a task force to probe allegations that billions of dollars were looted from sovereign wealth fund 1MDB in an audacious fraud overseen by ousted ex-leader Najib Razak.

Malaysian PM says he'll stay in office for 1-2 years

Malaysian PM says he'll stay in office for 1-2 years

A four-party alliance driven by Mahathir and Anwar won the general election last week, ousting the ruling Barisan Nasional coalition for the first time in the history of the Southeast Asian nation.

Malaysia's scandal-hit PM faces tough fight as poll battle starts

Malaysia's scandal-hit PM faces tough fight as poll battle starts

Campaigning for Malaysia's general election began Saturday with flag-waving supporters hitting the streets, as the scandal-hit government fights to retain power in one of the toughest poll battles ...