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1Malaysia Development Berhad (1MDB)

1Malaysia Development Berhad (1MDB)
1Malaysia Development Berhad (1MDB): A Malaysia-based sovereign wealth fund, 1MDB was established by the Malaysian government to drive strategic initiatives for the country’s long-term economic development. Headquartered in Kuala Lumpur, its primary focus areas included energy, real estate, tourism, and agribusiness, aiming to attract foreign investment and fund infrastructure projects. However, 1MDB gained international notoriety for a massive corruption scandal involving the alleged embezzlement of billions of dollars, leading to global investigations and its current liquidation.
A supporter of former Malaysian Prime Minister Najib Razak gesture as she gathers outside his residence in Kuala Lumpur last Friday. Photo: AP
Former Malaysian prime minister Najib Razak looks on as he is escorted during an appeal hearing at the Kuala Lumpur High Court in 2024. Photo: AFP
Malaysia

Malaysia’s Najib ‘has no money’ to pay fine for house arrest, lawyer says

The ex-prime minister’s legal team also dismisses a ‘stupid question’ about ‘the billions’ donated by the Saudi royal family.

Malaysia

Najib Razak’s fundraising in Malaysia draws 1 sen donations, mockery

Malaysia

Home at last? Why house arrest for Malaysia’s Najib is no done deal

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Malaysia

Pending US$12.3 million house arrest fine keeps Malaysia’s Najib in prison

The former prime minister mulls how to pay the penalty as significant part of his assets and bank accounts remain frozen.

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Former Malaysian prime minister Najib Razak (centre) arrives at the Kuala Lumpur High Court last year. Photo: AFP
Malaysia

Malaysia’s Najib Razak allowed to serve rest of jail term under house arrest

Given a ‘conditional pardon’, Najib has to settle his US$12.3 million fine before he can be transferred home to complete his sentence.

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Malaysia

Malaysian court acquits BN politician’s widow Zizie Izette after 7-year legal battle

The former actress had been accused of abetting her late husband, BN politician Bung Moktar Radin, in an alleged US$685,000 bribery case.

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Malaysia

Threat of Najib pardon gives Malaysian coalition new battle cry in Johor poll

A win for BN is a sign that Johoreans still love Najib, his son says, in a remark that has stirred up the spectre of 1MDB again.

Malaysia’s former prime minister Najib Razak, jailed for corruption in the multibillion-dollar 1MDB scandal, is escorted by prison guards at Kuala Lumpur Courts Complex in 2025. Photo: Reuters
Malaysia

Anwar vows Malaysia to pursue Jho Low over 1MDB despite potential US pardon

Low is among 250 people that US President Donald Trump may pardon as part of celebrations to mark America’s 250th Independence Day.

Malaysia

Najib’s 1MDB plunder made Attila the Hun ‘look like a choirboy’: Malaysian judge

In his 809-page grounds of judgment, the judge who convicted the former prime minister said he was no ‘ignoramus’ misled by Jho Low.

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Singapore

Singapore says Jho Low arrest warrants still in force despite US clemency bid

Several 1MDB-linked assets remain seized in Singapore, including those worth about US$78 million tied to Low and his family.

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Jho Low is photographed at his Jynwel office in Hong Kong in March 2015. Photo: SCMP
Malaysia 1MDB scandal

Malaysian police probe reports of Jho Low’s secret 1MDB meetings in Kuala Lumpur

An online portal news portal quoted sources as claiming that Low attended the meetings under the protection of the Chinese delegation.

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A protester holds a poster of Jho Low as a pirate during a rally in Kuala Lumpur on April 14, 2018. Photo: AP
Malaysia

Anwar says Malaysia won’t support Jho Low’s Trump pardon bid

The Malaysian businessman, indicted in the US, has denied wrongdoing but remains at large.

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Malaysia

High stakes, low odds: why Trump pardon is unlikely for 1MDB’s Jho Low

The request appears unlikely to succeed because Low has never appeared in a US court, stood trial or accepted responsibility, analysts say.

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Malaysia 1MDB scandal

Malaysia’s Jho Low seeking Trump pardon for 1MDB fraud

The fugitive financier is accused of being the architect of a scheme to siphon at least US$4.5 billion from Malaysia’s sovereign wealth fund.

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Jho Low poses at an event in Washington in April 2015. Photo: AP
Malaysia

Malaysia’s Najib ends house-arrest appeal over 1MDB-linked prison sentence

The withdrawal ends the former prime minister’s attempt to serve out his SRC sentence at home after his jail term was halved in 2024.

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Former Malaysian Prime Minister Najib Razak, center, is escorted by prison officers on his arrival at the Kuala Lumpur High Court Complex, in Kuala Lumpur on December 22, 2025. Photo: AP
Malaysia

Malaysia court orders ex-PM Najib to pay US$1.3 billion to 1MDB unit

Kuala Lumpur High Court ruled that Najib was liable for losses incurred by ‌SRC International, a former subsidiary of 1MDB.

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Malaysia

Malaysia’s Umno chief denies he ‘sidelined’ Najib to save himself

Ahmad Zahid, who has been cleared of corruption charges, says the party has ‘never wavered’ from its position of supporting its ex-leader.

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Malaysia

Malaysia’s Umno seeks Najib’s pardon amid 1MDB scandal, but stay in coalition

Umno divisions demand justice for the jailed ex-PM, yet leadership rejects calls to exit unity government ahead of the annual assembly.

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Former prime minister of Malaysia Najib Razak appears at his Kuala Lumpur appeal hearing on April 17, 2024. Photo: AFP
Najib Razak

Video | Disgraced ex-Malaysian PM Najib guilty in final 1MDB case

The disgraced former prime minister was found guilty in the final criminal trial stemming from the corrupt 1MDB fund.

Malaysia

With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?

The High Court will rule on abuse of power and money laundering charges, with Najib facing the prospect of lengthy prison terms if found guilty.

Malaysia

Najib’s children lament Malaysian court ruling – ‘we thought he was coming home’

The ex-prime minister has lost his case to have his imprisonment commuted to house arrest based on a supposed royal decree.

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A supporter of former Malaysian prime minister Najib Razak wears a t-shirt displaying Razak’s face at the Federal Court in Putrajaya, Malaysia, in August. Photo: EPA
Malaysia 1MDB scandal

Malaysia to get back US$30 million worth of fine art linked to 1MDB scandal

The 12 artworks, including pieces by Picasso and Matisse, were bought by a former lawyer for the state investment fund.

The works are being held by Christie’s and Sotheby’s auction houses in the United States. Photo: Shutterstock
Malaysia

Najib’s wife cleared as Malaysia drops money laundering, tax evasion appeal

The prosecution said it could not definitively prove that Rosmah Mansor committed the offences.

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Malaysia 1MDB scandal

Fugitive Jho Low’s sister and associate ordered to pay US$2.8 billion to 1MDB

The judge noted that May Lin and associate Eric Tan failed to appear in court, resulting in a massive default judgment in the ongoing 1MDB suit.

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Singapore

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

The lawsuit alleges Standard Chartered enabled acts of fraud leading to US$2.7 billion in losses over a decade. The bank plans to appeal.

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The Standard Chartered logo on tower one of the Marina Bay Financial Centre in Singapore. Photo: Harvey Kong
Malaysia

From Malaysia to Bangladesh, Asia’s dirty money finds a home in UK property

Investigators from Kuala Lumpur to Dhaka are once again focusing on Britain’s role as a global laundromat for kleptocrats.

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The City of London financial district in London, Britain. Photo: EPA
Malaysia

Najib-linked murder case that gripped Malaysia for 19 years takes fresh twist

The father of the Mongolian woman has sought a new investigation into her 2006 killing, alleging the ex-PM’s involvement.

Malaysia 1MDB scandal

JPMorgan settles 1MDB scandal claims with Malaysia for US$330 million

The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated money laundering.

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