Clear, modern coverage of Malaysian news and analysis.
1MDB has initiated a civil lawsuit seeking US$5.64 billion from former Prime Minister Najib Razak, alleging he orchestrated fraudulent transactions that depleted the sovereign fund of RM51.4 billion with assistance from fugitive financier Jho Low.
The High Court is hearing evidence in a major fraud trial involving former Prime Minister Najib Razak and the collapse of 1MDB, a state investment fund. The case centres on allegations of massive financial mismanagement affecting billions in public money.
Deputy Prime Minister Zahid Hamidi has signalled plans to engage with DAP politician Nga Kor Ming regarding the latter's public commitment to step down should Najib Razak secure release from conviction.
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Malaysia's High Court has scheduled a hearing to consider 1MDB's request to freeze former Prime Minister Najib Razak's wife Rosmah Mansor's assets as part of a RM1.41 billion civil suit alleging illegal luxury goods acquisitions.
Prime Minister Anwar Ibrahim has appealed to all political candidates in the Johor state election to discontinue using Datuk Seri Najib Razak's imprisonment as campaign material, emphasising instead the need to concentrate on managing Malaysia's RM51 billion 1MDB debt burden.
Malaysia faces escalating political tensions ahead of Johor elections, with major 1MDB cases advancing through courts and anti-corruption authorities investigating fraud across multiple agencies and individuals.
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The Malaysian Anti-Corruption Commission has initiated a fresh probe into a US$13 million overseas property acquisition suspected of involving funds diverted from the troubled 1MDB development initiative.
Malaysia's anti-corruption agency has opened a formal investigation into overseas properties valued at RM59 million with suspected ties to the 1MDB scandal, examining allegations of corruption, money laundering and improper asset transfers.
The Malaysian government is implementing sweeping governance reforms under Prime Minister Anwar Ibrahim to prevent another 1MDB-style scandal and restore investor confidence, Deputy Finance Minister Liew Chin Tong announced.
The Malaysian Anti-Corruption Commission will interview multiple individuals, including a former prime minister's wife, regarding a luxury US property allegedly financed through misappropriated 1MDB funds.
Malaysia's Deputy Finance Minister has flatly rejected claims that fugitive businessman Jho Low secretly returned to the country last year as part of a Chinese delegation to discuss a settlement over the 1MDB scandal.
PAS deputy president Tuan Ibrahim has called for fugitive businessman Jho Low to be tried in Malaysia for his role in the 1MDB scandal, asserting that the country should not depend on US judicial outcomes.
Prime Minister Anwar Ibrahim has declared that Malaysia's pursuit of fugitive financier Jho Low will remain unchanged regardless of any potential pardon from US President Trump, emphasizing Kuala Lumpur's commitment to the legal process.
Singapore's High Court has rejected Standard Chartered's bid to dismiss a US$2.7 billion lawsuit tied to the 1MDB scandal, allowing the case to proceed to trial on allegations of dishonest assistance and anti-money laundering breaches.
The 1MDB fund's civil lawsuit against Rosmah Mansor has reached a standstill, with the court system unable to progress the matter until a fresh judicial appointment is confirmed. A management hearing scheduled for next week will address procedural directions.