18th June 2020
Signed cheques that combined totalled over RM1.3 million were given to a moneychanger with the name of the recipient left blank, several prosecution witnesses testified today in the money-laundering trial of former deputy prime minister Datuk Seri Ahmad Zahid Hamidi. The witnesses named the moneychanger as one “Omar Ali”, whose… Read More
16th June 2020
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas… Read More
12th June 2020
Goldman Sachs is trying to get federal prosecutors to ease up on the bank for its role in a brazen scheme to loot billions of dollars from a Malaysian sovereign wealth fund. Lawyers for the bank have asked Deputy Attorney General Jeffrey Rosen to review demands by some federal… Read More
11th June 2020
Two retired Navy officials admitted Tuesday to corrupt conduct in the “Fat Leonard” bribery scandal, adding to the nearly two-dozen guilty pleas already entered in the long-running San Diego-based prosecution. Retired Capt. David Williams Haas and retired Chief Petty Officer Brooks Alonzo Parks were indicted separately on the same day… Read More
9th June 2020
Malaysian prosecutors on Tuesday dropped multiple corruption and money laundering charges against Musa Aman – previous chief minister of the state of Sabah and an ally of former prime minister Najib Razak – in the second high-profile discharge since the new government took office in March. Musa, 69,… Read More
2nd June 2020
Former finance minister Lim Guan Eng asked the Attorney-General’s Chambers (AGC) to lift the restrictions on the bank accounts of a prominent property tycoon, frozen over some RM4 million worth of transactions in 1MDB-linked funds, despite failing to recover the bulk of the money, a revelation that comes less than… Read More
27th May 2020
A decade after billions of dollars were wired to Swiss banks, the country is holding its first trial into whether a local banker failed to stop a $700 million transfer into an account controlled by Low Taek Jho, the alleged mastermind behind the 1MDB scandal. The compliance officer, who can… Read More
20th May 2020
Riza Aziz, the stepson of former Malaysian prime minister Najib Razak, has agreed to testify against the ex-premier in a trial linked to a multibillion-dollar fraud at state fund 1Malaysia Development Berhad (1MDB), prosecutors said on Tuesday. The announcement comes days after a Malaysian court agreed to drop a $248-million… Read More
18th May 2020
AP — Malaysia’s former attorney-general said Monday that when prosecutors dropped money-laundering charges against “The Wolf of Wall Street” producer and stepson of ex-Prime Minister Najib Razak they gave him a “sweetheart deal” that is “terrible for Malaysia.” Former Attorney-General Tommy Thomas disputed statements by his successor and the country’s… Read More
14th May 2020
Riza Aziz, one of the producers of “The Wolf of Wall Street” movie and stepson to Malaysia’s former leader Najib Razak, reached a settlement on Malaysia charges linked to 1MDB. He was discharged not amounting to acquittal on Thursday after reaching an agreement with the government, said Deputy Public Prosecutor… Read More