August 8th, 2018Former Malaysian Prime Minister Najib Razak will face a new charge of money laundering on Wednesday over a multibillion-dollar graft scandal at a state investment fund, the anti-corruption agency said.
Najib in July pleaded not guilty to abuse of power and three counts of criminal breach of trust, just two months after the scandal led...
August 6th, 2018Indonesia is to hand over to the Malaysian government one of the world’s most opulent superyachts, which is linked to the multi-billion-dollar 1MDB financial scandal, a Malaysian government spokesman confirmed yesterday.
The $US250 million ($338m), Equanimity was seized by Indonesian authorities in February at the request of...
August 3rd, 2018China Petroleum Pipeline Engineering (CPP), a unit of China’s state-owned oil and gas giant China National Petroleum Corp, had refuted a media report that money paid for its pipeline projects in Malaysia was diverted to third-party Cayman Islands companies involved in money laundering.
“Over US$2 billion” that Malaysia’s...
August 3rd, 2018Malaysian Attorney General Tommy Thomas will recuse himself from decisions in which he was personally involved, including the graft case of Finance Minister Lim Guan Eng, the Attorney General's Chambers (AGC) said on Thursday.
"We wish to report that the AG recused himself in all deliberations (regarding the Lim Guan Eng case), and...
August 2nd, 2018Malaysia's anti-graft agency has raided offices of logging companies in Sabah as it probes logging deals awarded by the previous Barisan Nasional state government.
Sources told The Star the Malaysian Anti-Corruption Commission (MACC) carried out simultaneous raids at the "big three" logging companies in Sandakan and Tawau who have...
July 20th, 2018Malaysian authorities have issued arrest warrants for two former senior 1MDB officials as investigators step up the probe into the scandal-hit state investment fund.
The Malaysian Anti-Corruption Commission issued the warrants for Jasmine Loo Ai Swan, ex-general counsel at 1MDB, and Casey Tang Keng Chee, the fund’s former executive...
July 19th, 2018The Malaysian Anti-Corruption Commission (MACC) has seized various documents related to three mega projects - the Multi Product Pipeline (MPP), Trans-Sabah Gas Pipeline (TGSP) and the East Coast Rail Line (ECRL).
More than 50 officers from the anti-graft agency raided 13 locations in the Klang Valley.
On July 6, the Finance...
July 10th, 2018Malaysian Prime Minister Mahathir Mohamad on Monday (Jul 9) said his government plans to amend anti-graft laws so that even the prime minister and deputy prime minister must declare the receipt of gifts to the nation's anti-graft body.
This comes as millions of dollars worth of luxury goods were seized from residences linked to former...
July 4th, 2018Najib Razak, the former prime minister of Malaysia who was ousted in an election two months ago, was arrested by anticorruption officials on Tuesday, amid an investigation involving billions of dollars diverted from a state investment fund.
Atop a political machine that had governed Malaysia since its independence in 1957, Mr. Najib...
July 3rd, 2018Malaysia has frozen hundreds of bank accounts believed to be linked to sovereign wealth fund 1MDB, officials said on Monday, as they stepped up an anti-graft probe that could engulf former prime minister Najib Razak.
A special government task force investigating a corruption scandal involving 1MDB said it froze 408 bank accounts...
