Bank expresses relief at having 'resolved matters', says controls have been enhanced since then

American bank’s sum brings total funds recovered from scandal to RM29.7b

Finance Ministry tells Parliament the amount is for debt repayments, interest payments and company commitments

Ex-PM seeks to serve rest of jail term at home after being found guilty for misappropriating RM42m in 1MDB case

By Sofia Nasir SHAH ALAM, July 20 — Ten years ago today, the 1Malaysia Development Bhd (1MDB) scandal shook the nation with a four-page exposé published by The Edge. Although rumours of irregularities had circulated before, the four-page report on July 20, 2015, marked a turning point.  What...

By Sofia Nasir SHAH ALAM, July 20 — The infamous 1Malaysia Development Bhd (1MDB) scandal not only reshaped the country’s legal landscape but also propelled the media industry towards greater democracy and progressiveness. However, these changes did not come easily. Under the previous...

KUALA LUMPUR, July 2 — Liquidators trying to recover money from sovereign wealth fund 1Malaysia Development Bhd (1MDB) have sued Standard Chartered Bank in Singapore, alleging it enabled fraud that led to more than US$2.7 billion in financial losses over 10 years ago.

NEW YORK, May 30 — Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB.

KUALA LUMPUR, Oct 30 — The High Court here today ordered Datuk Seri Najib Razak to enter his defence on four charges of using his position to obtain gratification totalling RM2.3 billion in 1Malaysia Development Berhad (1MDB) funds and 21 money laundering charges involving the same amount.

BELLINZONA, Aug 28 — The Swiss Federal Criminal Court today convicted of fraud two executives at an oil exploration company who had been accused of embezzling over US$1.8 billion from 1Malaysia Development Bhd (1MDB).

PUTRAJAYA, July 6 — The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets following the settlement between the United States Justice Department (DOJ) and Low Taek Jho, also known as Jho Low, said Home Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

KUALA LUMPUR, July 3 — The High Court here has dismissed former Prime Minister Datuk Seri Najib Razak’s legal bid to obtain a document that he said would allow him to serve his remaining prison sentence under house arrest.

WASHINGTON, June 27 — The United States Justice Department (DOJ) said today an agreement was reached in the alleged embezzlement of US$4.5 billion from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR, June 13 — The United States has returned about US$156 million (RM721.4 million) to Malaysia; the fourth instalment of funds recovered from asset seizures related to 1Malaysia Development Bhd (1MDB).

NEW YORK, May 7 — A US judge on Monday formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1MDB after it met its obligations and paid US$2.9 billion (RM13.6 billion) in penalties.

KUALA LUMPUR, March 1 — The agreement signed between the Malaysian government and Goldman Sachs Group Inc (Goldman Sachs), regarding the recovery of 1Malaysia Development Bhd (1MDB) assets in 2020, was vague and not detailed, said 1MDB Asset Recovery Taskforce chairman, Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR, Jan 23 — The 1MDB Asset Recovery Taskforce is considering initiating legal proceedings against several foreign banks which facilitated the fund transfers related to 1Malaysia Development Bhd (1MDB) without conducting proper know your client (KYC) processes at that material time.

PETALING JAYA, Jan 13 — Communications Minister Fahmi Fadzil will meet with the Malaysian Communications and Multimedia Commission (MCMC) to scrutinise the demand of former prime minister Datuk Seri Najib Razak's lawyer for the government to instruct streaming service Netflix to take down and...

KUALA LUMPUR, Oct 12 — The government will respond to Goldman Sachs’ filing for arbitration against Malaysia in the 1Malaysia Development Bhd (1MDB) settlement dispute in accordance with the established legal frameworks, while safeguarding the interests of Malaysians.

by Reuters LONDON, Oct 12 — Goldman Sachs Group sued Malaysia in a UK court on Wednesday, as tensions escalate over a settlement agreement on the bank's role in the multi-billion dollar 1MDB corruption scandal. "Today, we filed for arbitration against the Government of Malaysia for...