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1MDB Watch

1MDB Watch

Ex-Coutts banker on trial after failing to stop S$997.4 mil transfer from 1MDB to Jho Low

Switzerland is holding its first trial into whether a local banker failed to stop a US$700 million (S$997.4 million) transfer into an account controlled by Low Taek Jho, the alleged mastermind behind the 1MDB scandal.

1MDB Watch

Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal

Goldman Sachs is in ongoing discussions with U.S. and Malaysian authorities over their investigations into what the bank knew about the transactions at the time.

1MDB Watch

Jho Low remains a wanted man: Singapore police

The charges, warrants of arrest and INTERPOL Red Notices against Low remain in force, a Singapore Police Force spokesman has confirmed.

1MDB Watch

Goldman officers may see trial as Malaysia pursues 1MDB case

KUALA LUMPUR (Dec 22): Malaysia’s top prosecutor said he’s ready to ratchet up a criminal case against Goldman Sachs Group Inc. for its role in the 1MDB affair by bringing executives of the U.S. bank to court, as the two sides remain far apart followi

1MDB Watch

Goldman Sachs 1MDB case moved to higher court in Malaysia

KUALA LUMPUR (Dec 16): Two Goldman Sachs Group Inc. units facing criminal charges for their alleged role in the 1MDB scandal had their cases moved to a higher court in Malaysia.

1MDB Watch

Malaysia's Mahathir hopeful of 1MDB settlement with Goldman soon

KUALA LUMPUR (Dec 10): Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs  over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was

1MDB Watch

Najib takes stand, denies everything

SINGAPORE (Dec 9): On Dec 3, former Malaysian prime minister Najib Abdul Razak took the stand as the first witness in his trial for seven counts of abuse of power, criminal breach of trust and money-laundering of RM42 million from SRC International, a sub

1MDB Watch

BSI’s $131 mil penalty 'incomprehensible' as Finma rebuked

(Dec 3): A Swiss court threw out a 95 million Swiss franc ($131.3 million) penalty imposed on BSI Bank over its ties to the 1MDB scandal, calling the financial regulator’s calculation of the fine “incomprehensible.”

1MDB Watch

Najib to testify in 1MDB trial to fight corruption charges

KUALA LUMPUR (Dec 3): Malaysia’s former leader Najib Razak is set to give his testimony to defend himself against charges of corruption involving a former 1MDB unit.

1MDB Watch

Judge says Najib has case to answer in corruption trial

KUALA LUMPUR (Nov 11): A Malaysian judge ordered former Malaysian premier Najib Razak to defend himself against a charge of abuse of power in the trial involving a former unit of troubled state-owned investment firm 1Malaysia Development Berhad (1MDB).
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