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1MDB


Dr M instructed me to expose financial scandals, says Guan Eng

PETALING JAYA: Finance Minister Lim Guan Eng has explained that his actions in revealing the financial scandals from the previous administration were done on the instruction of Tun Dr Mahathir Mohamad.

Report: Malaysia seeks to lay multiple charges against Najib over 1MDB, says Dr M (updated)

KUALA LUMPUR: Embezzlement and bribery with government money are among the charges that Malaysia is looking to bring against former prime minister Datuk Seri Najib Tun Razak following a probe into funds allegedly looted from the state-run fund 1MDB, Tun Dr Mahathir Mohamad said on Tuesday.

Funds turn cool on Malaysia due to 1MDB debt

KUALA LUMPUR: The escalating scandal around troubled state-investment-fund 1MDB is turning bond funds against Malaysia.

A one-off crystallising of 1MDB’s debt and writing off its assets may cost almost 3% of gross domestic product, Wee said.

Asian markets, KLCI battered by US-China trade war tensions

KUALA LUMPUR: Key Asian markets closed markedly lower on Monday as giants US and China upped their trade war threats while at Bursa Malaysia, the key FBM KLCI fell more than 1%.

Indications point to multi-jurisdiction legal battle ahead

PETALING JAYA: The decision by those implicated in the 1Malaysia Development Bhd (1MDB) scandal to rope in foreign top-notch legal eagles could indicate a multi-jurisdiction legal battle ahead, say local legal experts.

Legal eagles hired for 1MDB case

KUALA LUMPUR: The next spotlight for the 1Malaysia Development Bhd (1MDB) saga will be the intense battle of the legal eagles.

Guan Eng: Finance Ministry to lift the lid on another major scandal soon

PETALING JAYA: Lim Guan Eng says that another major scandal involving the Finance Ministry will be revealed soon.

Najib may face charges of money laundering, misappropriation of property, says source

KUALA LUMPUR: Authorities investigating scandal-hit state fund 1Malaysia Development Berhad (1MDB) are considering charging former prime minister Datuk Seri Najib Tun Razak with money laundering and misappropriation of property, a source familiar with the matter said.

A file picture of Najib Razak gesturing as he left the MACC office in Putrajaya, Malaysia after an interview on May 24, 2018. - AFP

WSJ: Jho Low felt safe before May 9 because he had Najib's protection


PETALING JAYA: Alleged 1Malaysia Development Berhad (1MDB) mastermind Jho Low told his friends he felt safe before the elections because former Prime Minister Datuk Seri Najib Razak was protecting him, the Wall Street Journal (WSJ) reports.

Govt plan 'on the table' to demand return of 1MDB money from banks, political parties

KUALA LUMPUR: Malaysia intends to recover all funds illicitly taken from 1Malaysia Development Berhad (1MDB), and determine whether there are grounds for claims against companies, including Goldman Sachs, that profited from dealing with the beleaguered state fund

Lim said the government would also scrutinize the $600 million paid in fees to Goldman Sachs for raising nearly $6.5 billion in three bond sales between 2012 and 2013 for 1MDB. Critics said the fees earned from those bond issues were far in excess of the normal 1-2 percent fees a bank could expect.

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