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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.
Jho Low is the alleged mastermind behind the 1MDB scandal in Malaysia. Photo: Sam Tsang
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

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Singapore

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

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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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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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Umno President Ahmad Zahid Hamidi reacts after being acquitted of corruption on September 4, 2023. Photo: EPA-EFE
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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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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A sign outside the headquarters of JPMorgan Chase & Co in New York. Photo: Reuters
Malaysia

Malaysia’s Najib gets legal lifeline in house arrest bid over 1MDB sentence

The ruling has revived the ex-PM’s controversial claim that an ‘addendum’ from the former king would let him serve his sentence at home.

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A supporter of Najib Razak wears a T-shirt displaying the former prime minister’s face outside the Federal Court in Putrajaya, Malaysia, on Wednesday. Photo: EPA
Malaysia

Anwar’s chief justice pick tests Malaysia’s faith in the courts

As ex-Umno insider Wan Ahmad Farid Wan Salleh takes his seat at the apex of the judiciary, he inherits not merely a bench but a burden.

Singapore

Standard Chartered in Singapore faces US$2.7 billion lawsuit linked to 1MDB

Malaysian liquidators are suing Standard Chartered in Singapore, claiming the bank ignored red flags and suspicious transfers, a claim the bank strongly denies.

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