23rd March 2016
Hundreds of millions of dollars that ended up in the personal bank accounts of Malaysia's prime minister must be handed to the government, a lawsuit filed by his predecessor demanded Wednesday. Read More
10th March 2016
The daughter of Malaysian Prime Minister Najib Razak’s close ally was employed by Goldman Sachs Group Inc. during the time when the investment bank worked for the Malaysian state-run fund 1Malaysia Development Bhd, the Wall Street Journal reported Thursday, citing sources. The 1MDB has been the center of scandal since last July, when hundreds of millions of dollars were traced to the personal bank accounts of Razak. Read More
9th March 2016
In most countries, reports of US$1 billion of unknown providence landing in a prime minister's personal bank account would likely herald a change at the top. But Malaysia's Prime Minister Najib Razak looks set to keep his grip on power despite unprecedented political opposition, analysts said. Read More
8th March 2016
U.S. investigators probing a troubled Malaysian state investment fund have subpoenaed Goldman Sachs' former chairman for Southeast Asia, the Wall Street Journal reported, citing a person familiar with the matter. Read More
23rd February 2016
KUALA LUMPUR — The Swiss private bank involved in a money laundering scandal related to 1Malaysia Development Berhad has been sold for US$1.34 billion (S$1.88 billion), says Reuters. Read More
19th February 2016
Bank Negara governor Zeti Akhtar Aziz has confirmed that she will step down in April when her term in office expires. The 68-year-old has been the head of the central bank for the past 16 years. Read More
17th February 2016
1MDB stands for 1 Malaysia Development Berhad. "Berhad" is a Malay word meaning "private" and is used to describe a limited company in Malaysia. Read More
17th February 2016
KUALA LUMPUR: Malaysian logging firm Rimbunan Hijau Group appears to be complicit in “massive tax evasion and financial misreporting” in Papua New Guinea, a US-based think tank says. Read More
16th February 2016
Weak mining exports, slowing agriculture output and the ongoing slump in commodity prices will likely drag Malaysia's fourth-quarter economic growth to its slowest in nearly three years. Read More
15th February 2016
The FBI are reportedly investigating Goldman Sachs regional chairman Tim Leissner's connections to Malaysian Prime Minister Najib Razak, who is allegedly involved in a massive multi-million dollar scandal. Leissner, the Singapore-based chairman of Goldman's Southeast Asia operations, has returned to the US and is thought to be taking time off from his role as pressure for the Malaysian PM increased. Read More