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Malaysia 1MDB scandal

1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 million wired into Prime Minister Najib’s bank accounts. Both the fund and the premier denied wrongdoing, but the attorney general launched an investigation into alleged graft. 1MDB was 42 billion ringgit (HK$86 billion) in debt at the time of the scandal.

last updated:

9 September, 2024

Malaysia 1MDB scandal

Malaysia’s 1MDB sues ‘dishonest’ Amicorp for US$1 billion for alleged fraud

The claim alleges Hong Kong-headquartered Amicorp of creating shell companies and enabling the misappropriation of funds between 2009 and 2014.

My Take | Is Anwar’s anti-corruption pledge in Malaysia facing a reality check after 2 years?

‘This is what I call justice’: Najib’s wife cleared of money-laundering charges

Najib’s house arrest at ‘discretion’ of Malaysia’s king, Anwar says

Sultan Ibrahim of Johor will make the decision on Najib Razak’s fate, Malaysia’s current prime minister told parliament.

Malaysia’s Najib accuses US of sabotaging his 1MDB defence

In a bombshell courtroom revelation, the ex-PM claims US collusion with Malaysia’s political opposition to undermine his defence.

Malaysian celebrity couple deny embezzlement over failed e-commerce venture

The case involving Vivy Yusof and Fadzarudin has stirred outrage over beneficiaries of state funding in a country still reeling from the 1MDB scandal.

Malaysia’s ex-PM Najib says 1MDB-linked charges ‘politically motivated’

The former PM is serving a six-year prison sentence for stealing from sovereign wealth fund 1MDB and faces more cases related to the 2018 election scandal.

Jailed ex-Malaysian PM Najib to appeal for house arrest

Malaysia’s Court of Appeal will hear Najib’s challenge on Thursday against a lower court’s refusal to hear his request for house arrest.

Malaysia drops Najib’s 6 charges over 1MDB as house arrest rumours swirl

Najib Razak has been seeking to be released from jail and serve the remaining four years of his jail term at home.

US$10 million fashion fail prompts Anwar to probe Malaysia sovereign fund picks

The loss of Khazanah’s investment in an online fashion retailer has sparked outrage among a public still sensitive after the 1MDB scandal.

Malaysian ex-PM Najib fails to end 5-year trial over 1MDB scandal

Court orders former leader to enter a defence over allegations that he took more than US$500 million in bribes linked to state fund 1MDB.

Malaysia PM Anwar responds to Najib’s 1MDB apology

The 71-year-old Najib apologised last week for mishandling the scandal that saw US$4.5 billion stolen from state coffers during his time in office.

Malaysians left incredulous by apology from disgraced ex-PM Najib

Malaysians slam ‘disingenuous apology’ for 1MDB scandal, scoff at former leader’s claim he was misled by associates.

Najib apologises, without accepting full blame, for Malaysia’s 1MDB scandal

The jailed former prime minister’s partial apology comes as the government considers sentencing reforms that may enable his early release.

‘No end to the betrayal’: Malaysians see Najib in Anwar’s house arrest proposal

Critics accuse Anwar Ibrahim’s government of slipping plans for a new law into Friday’s budget that could benefit jailed ex-PM Najib Razak.

Malaysia nepotism outrage over role for Najib’s daughter

Nooryana Najwa Najib, the daughter of Malaysia’s jailed ex-PM Najib Razak, has landed a key role at Malaysia External Trade Development Corporation.

Malaysia commutes death sentence of Najib’s bodyguard for Mongolian model’s murder

The country’s apex court reduced Azilah Hadri’s sentence to 40 years in prison after the victim’s father pleased for clemency.

‘Vendetta’: Daim Zainuddin’s wife files police report against Malaysia PM Anwar

Daim’s wife filed a police report against Anwar and said he is targeting her husband as part of a ‘conspiracy’ against his political rivals.

Hong Kong to host auction of Mark Rothko piece once owned by fugitive Jho Low

Sotheby’s says sale of Untitled (Yellow and Blue) represents Asia’s first auction of late artist’s major work.

Kim Kardashian, Pharrell got US$2.4 million of 1MDB funds via Jho Low: court

A Malaysian court heard that US$2.4 million from 1MDB was transferred to Kim Kardashian and Pharrell Williams via Jho Low’s shell company.

Swiss court jails 1MDB fraudsters over US$1.8 billion theft from Malaysian fund

The court emphasised the severity of the crimes, citing the high amounts of money involved and the defendants’ selfish motives.

How Tedy Teow, the fraudster dubbed ‘Jho Low 2’, allegedly swindled millions

Teow’s MBI Group duped thousands with fake high-return investments, leading to his extradition to China on massive fraud charges.

Swiss court convicts PetroSaudi executives over US$1.8 billion 1MDB scandal

The verdict marks the latest development in the complex international corruption scandal.

US judge orders Jho Low to surrender mother’s US$1.8 million in diamonds

The 1MDB fugitive was ordered to forfeit a trio of ‘flawless’ diamonds he bought for his mother from Beyoncé and Adele’s jeweller.

The View | Chinese investment won’t cure the cancer plaguing Malaysia’s economy

Malaysia’s woes stem from corruption and weak governance, linked to race-based privileges. Outsiders are not in a position to remedy this.

Malaysia’s Mahathir Mohamad in hospital for cough after London trip

It is the second time the 99-year-old former prime minister has been hospitalised this year.

Singapore refuses to give up pursuit of 1MDB fugitive mastermind Jho Low

A deal with the US Justice Department to settle civil actions against Low ‘has no bearing’ on Singapore’s investigation, police say.

Letters | Hong Kong must take responsibility for its own cybersecurity

Readers discuss cybersecurity legislation for the city, a former Malaysian prime minister’s house arrest plea, and dining options at Hong Kong airport.