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Dramatic rise in fight against money laundering

PETALING JAYA: It is not easy to totally fight money laundering (ML) and counter-terrorist financing (CTF) activities simply because there is always someone willing to give in or take a bribe to let it happen.

US charges Jho Low, ex-Fugees rapper, over funding in 2012 election

The U.S. Justice Department announced on Friday it had charged former Fugees rapper Prakazrel “Pras” Michel and wealthy Malaysian businessman Low Taek Jho, popularly known as "Jho Low," for conspiring to steer illegal foreign campaign funds into the 2012 presidential election

According to the unsealed indictment, between June 2012 and November 2012, Jho Low(file pic) directed the transfer of approximately $21.6 million from foreign entities and accounts to Michel to be funneled into the U.S. election while disguising it as legitimate campaign contributions.  The indictment did not reveal the identity of the presidential candidate.

After the change: Business as usual?

Comment by Terence Gomez
PAKATAN Harapan’s unexpected victory in Malaysia’s 14th General Elections (GE14) was one of monumental proportions as the ruling Barisan Nasional, under Umno’s control, had instituted a series of unscrupulous methods to retain power. Pakatan, led by Tun Dr Mahathir Mohamad, had achieved a colossal feat, unseating a powerful Umno that had never lost power.

Malaysians forget easily

Critics are entitled to find fault with Pakatan Harapan for not fulfilling its promises. However, it has been a good year for the country as a whole, with the government taking criticism in its stride and continuing to uncover scams left by the previous regime.

Officials meet to coordinate Goldman approach over 1MDB

SINGAPORE: Law enforcement officials from the U.S., Malaysia and Singapore are meeting near Kuala Lumpur this week to coordinate their legal approaches toward Goldman Sachs Group Inc. over its work raising money for scandal-plagued state fund 1MDB, people with knowledge of the matter said.

Law enforcement officials from the U.S., Malaysia and Singapore are meeting near Kuala Lumpur this week to coordinate their legal approaches toward Goldman Sachs Group Inc. over its work raising money for scandal-plagued state fund 1MDB.

Ex-Goldman Sachs banker Ng pleads not guilty to 1MDB charges

NEW YORK: Former Goldman Sachs Group Inc banker Roger Ng pleaded not guilty to criminal charges linked to a multibillion-dollar scandal at the Malaysian state investment fund 1MDB in an appearance at federal court in New York on Monday.