Malaysia – The wife of former Goldman Sachs banker Roger Ng, who is accused of conspiring to steal and launder money from 1MDB and is on trial in the United States, is certain that “truth” will prevail and save her husband. Lim Hwee Bin, the last defense witness, asserted that the US$35 million (RM147 million) the US government claimed was …

Malaysia – A former Goldman Sachs banker testified on Tuesday that a fugitive Malaysian financier received backing from associates of former US President Donald Trump for a potential settlement of an inquiry into the misappropriation of funds from the 1MDB investment fund. On the sixth day of his evidence in the trial of Roger Ng, another former Goldman banker, Tim …

Malaysia – Former Bank Negara Malaysia (BNM) governor Tan Sri Zeti Akhtar Aziz and other individuals were revealed in the recent 1MDB trial, and DAP secretary general Lim Guan Eng requested Malaysian authorities to undertake a complete probe against them. According to a report by news portal Free Malaysia Today, this came after former banker and prosecution star witness Tim …

Malaysia – On Wednesday, a former Goldman Sachs associate testified that his participation in a bribery scheme that robbed billions of dollars from Malaysia’s 1MDB sovereign wealth fund was motivated by “greed and ambition.” In the criminal prosecution of Roger Ng, the bank’s former head of investment banking in Malaysia, Tim Leissner, the former leader of Goldman’s South-east Asia unit, …

The police’s investigation on the alleged receipt of 1MDB funds involving the husband of Bank Negara Malaysia (BNM) ex-governor Tan Sri Zeti Akhtar Aziz is about to be concluded. Reports say that according to Bukit Aman Criminal Investigation Department director Kamaruddin Md Din, only a few more documents are needed by the police before concluding their investigations. Related Posts1MDB trial …

Lead prosecutor Datuk Seri Gopal Sri Ram pointed out today in court that the former prime minister of Malaysia, Datuk Seri Najib Razak, is the accused who is facing criminal charges in the trial involving over more than RM2 billion belonging to 1Malaysia Development Berhad (1MDB). Sri Ram, arguing on behalf of the prosecution, was objecting to Najib’s two applications …

Ad hoc prosecutor Datuk V. Sithambaram said that Datuk Seri Najib Razak was playing tricks in order to cover the fact of the matter after Najib claimed during the prosecution’s rebuttal in his appeal hearing against conviction of misappropriating RM42 million of SRC’s funds that it was the fugitive businessman Low Taek Jho who manipulated his account tricking him into …

Malaysia’s most wanted man claimed in the first audio recordings of Jho Low released that more than US$1 billion (RM4.11 billion at today’s exchange rate) that ended up in Datuk Seri Najib Razak’s private bank accounts came from 1MDB and was not part of the generous contributions from the royal family of Saudi Arabia. The fugitive said King Abdullah of …

KUALA LUMPUR – The Malaysian Police has reached out to the Hong Kong autorities in its 1MDB investigation including the hunt for Jho Low, the alleged brains behind the billion-dollar scandal. According to the Malaysian Police, they have sent the letter and other information to their Hong Kong counterparts to assist with the probe. Inspector-General of Police Abdul Hamid Bador …

KUALA LUMPUR – Malaysian Anti-Corruption Commission (MACC) has reportedly informed the Interpol of its arrest warrants for three individuals wanted for engaging in a criminal conspiracy with former prime minister Najib Razak into the 1Malaysia Development Berhad (1MDB) scandal. Malaysian Anti-Corruption Commission Chief (MACC) commissioner Latheefa Koya said the interpol was notified on the three suspects: Low Taek Jho, PetroSaudi …