Najib, 72, was found guilty of illegally transferring 2.2 billion Malaysian ringgit (about USD 543 million) from the state investment fund 1Malaysia Development Berhad (1MDB) into his personal bank accounts. The court convicted him on four charges of abuse of power and 21 charges of money la
Kuala Lumpur [Malaysia], August 23 (ANI): Malaysian ex-Prime Minister Najib Razak has lost his final appeal in a graft case linked to the looting of the 1Malaysia Development Berhad (1MDB) state fund, paving way for a 12-year jail sentence for corruption.
Kuala Lumpur [Malaysia], July 28 (ANI): Former Malaysian Prime Minister Datuk Seri Najib Razak was found guilty on Tuesday of charges related to misappropriation of 42 million Malaysian Ringgit (RM) from at the state fund 1Malaysia Development Berhad(1MDB).
Washington DC [USA], April 15 (ANI): The US Department of Justice on Tuesday (local time) said it has repatriated approximately USD 300 million (RM 1.292 billion) to Malaysia in additional funds misappropriated from 1Malaysia Development Berhad (MDB), the Asian country's investment developme
Washington D.C. [USA], Dec 17 (ANI): In an interesting turn of events in the 1Malaysia Development Berhad (1MDB) case, Malaysia has now filed criminal charges against the United States-based investment bank Goldman Sachs over its dealings with a state investment fund.
Kuala Lumpur [Malaysia], Oct 28 (ANI): Former Malaysian Prime Minister Najib Razak on Saturday insisted that he was not associated with any wrongdoings in connection with the 1Malaysia Development Berhad (1MDB) scandal that has gripped the country.