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 …

A former Democrat spokesperson wants to overturn the prosecution ‘s decision not to appeal last year’s acquittal of Panthongtae “Wood” Shinawatra on money laundering charges. Last November, the Central Criminal Court for Graft and Bribery convicted the son of former prime minister Thaksin Shinawatra of plotting and colluding for money laundering. Current Deputy Speaker of the Democratic Party, Chao Meekuad, …

Police in Northern Thailand have arrested 61 people in connection with one of Thailand’s biggest money laundering cases this year. Valued at over Bt10 billion (US$323 Million) Provincial Police Region 5 reported. The suspects are thought to be part of a drug syndicate and money laundering network. Allegedly run by a Chinese man identified as Chien Ma, 45. He was caught …