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1MDB Watch

1MDB Watch

Judge to decide if 1MDB charges against Najib have merit

(Nov 11): A Malaysian court is set to decide if prosecutors have made a sufficient case against ex-premier Najib Razak in the trial involving a former unit of troubled state-owned investment firm 1MDB.

1MDB Watch

Ex-banker in 1MDB scandal Roger Ng to return to Malaysia for April trial

KUALA LUMPUR (Nov 6): Ex-Goldman Sachs Group Inc banker Roger Ng Chong Hwa will return to Malaysia next March, in time for his trial for abetting the sale of 1Malaysia Development Bhd (1MDB) bonds totalling US$6.5 billion.

1MDB Watch

Malaysia aims to locate further US$4.3 billion in 1MDB-linked assets

(Nov 5): Malaysia is working to locate at least US$4.3 billion ($5.8 billion) in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.

1MDB Watch

US DOJ reaches civil settlement with Jho Low but key 1MDB figure remains a fugitive

SINGAPORE (Nov 4): The United States Department of Justice (DOJ) has recovered the assets acquired by Low Taek Jho, aka Jho Low, the fugitive businessman wanted in relation to the 1Malaysia Development Bhd (1MDB) scandal.

1MDB Watch

Jho Low reaches settlement with US DoJ, to forfeit US assets worth US$670 mil

SINGAPORE (Oct 30): Low Taek Jho, the alleged mastermind behind the 1MDB saga, has reached a settlement with the US Department of Justice in respect of the civil forfeiture proceedings brought against him, The Edge Singapore understands.

1MDB Watch

Malaysia could settle for fraction of US$7.5 bil demanded from Goldman Sachs for role in 1MDB, sources say

(Oct 23): Again and again, Malaysia has publicly demanded Goldman Sachs pay an eye-popping US$7.5 billion ($10.2 billion) for its role in the 1MDB scandal. But privately, Malaysian negotiators are considering settling for a fraction of that.

1MDB Watch

Malaysia seeks 1MDB funds from Najib's brother, ex-minister

(Oct 7): Malaysia is asking the brother of ex-premier Najib Razak and former cabinet ministers to return funds believed to have come from 1MDB or risk being prosecuted.

1MDB Watch

1MDB loans needed Najib's approval: former CEO Shahrol

KUALA LUMPUR (Oct 2): 1Malaysia Development Bhd’s (1MDB) loans needed former prime minister Datuk Seri Najib Razak’s approval, ex-1MDB chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi told the High Court here yesterday.

1MDB Watch

Goldman's 1MDB case in Malaysia to be moved to higher court

(Sept 30): Malaysia is seeking to move the 1MDB-linked case against Goldman Sachs Group Inc. to a higher court.

1MDB Watch

Goldman Sachs wants 1MDB money returned to Malaysians

SINGAPORE (Sept 30): Amid what has turned out to be a week of explosive revelations from a former CEO of the troubled 1Malaysia Development Berhad (1MDB), investment bank Goldman Sachs Group now wants to make amends for its role in the scandal that saw RM
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