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.
Malaysian asset managers say the MY Value Up initiative shows promise in encouraging corporate transparency, but investors remain unconvinced until companies demonstrate consistent delivery on strategic commitments and capital allocation discipline.
Malaysia's Attorney General's Chambers will immediately review the Tabung Haji Royal Commission of Inquiry report covering 2014-2020, assessing whether findings warrant criminal prosecution over alleged misconduct and suspicious investments.
Malaysia's Royal Commission of Inquiry into Tabung Haji has urged authorities to act decisively on multiple police reports filed between 2018 and 2019, covering alleged financial misconduct, property deals, and governance breaches spanning the 2014-2020 period.
A company director testified in the High Court that he would never have donated to Bersatu without pressure from a politically connected businessman, claiming he was asked to contribute RM19.5 million tied to a Jana Wibawa development project.
Maybank testimony in court proceedings confirms that Permodalan Nasional Berhad transferred RM20.3 million to Fashion Valet during 2018, with funds integrated into the company's working capital and cash reserves.
A Sessions Court in Kuala Lumpur heard testimony about two fund transfers amounting to RM20.3 million from Permodalan Nasional Bhd to FashionValet, marking a significant moment in the ongoing legal proceedings.
Bursa Malaysia has publicly reprimanded Meridian and fined its sole executive director for repeatedly missing deadlines in submitting audited financial statements, depriving investors of critical information for extended periods.
KPMG Australia has appointed John Sams as chief executive, replacing interim leader Stan Stavros. The move follows the exit of former CEO Andrew Yates, who resigned after allegations emerged regarding unauthorised access to confidential client data.
The Selangor Zakat Board has unveiled IKTIRAF, Malaysia's inaugural certification scheme recognising companies that consistently pay business zakat. The initiative aims to encourage corporate adoption of Islamic financial principles through public recognition and verification systems.
Malaysia's government remains willing to establish a Royal Commission of Inquiry into alleged 'corporate mafia' activities if current investigations deem it necessary, says Minister Azalina Othman Said.
Cropmate Bhd has secured the release of all bank accounts frozen by the MACC during an anti-money laundering investigation. The company confirmed no directors, officers, or employees face charges.
Padini Holdings Berhad announced that the Malaysian Anti-Corruption Commission has restored access to all frozen bank accounts connected to its corruption investigation, marking a significant development in the case.
Bersih claims 34 MPs from four major political parties back a Royal Commission of Inquiry to investigate alleged 'corporate mafia' operations, signalling rare cross-party consensus on accountability measures.
Finance Minister Anwar Ibrahim has disclosed that the Employees Provident Fund (KWAP) was deliberately defrauded in a RM200 million investment in eFishery, with the company's management accused of manipulating financial reports.
A Malaysian businessman testified in court that his brother donated part of their company's RM13.7 million to Bersatu without his knowledge or consent, shedding light on corporate financing of the political party.
Two co-founders of Fullerton Healthcare Corporation have been fined S$160,000 combined for falsifying expense claims. The scheme involved inflated KTV receipts from Hong Kong business trips.
Australia's corporate regulator ASIC is reviewing audit complaints across the Big Four accounting firms following a formal investigation into KPMG over alleged misuse of client data to secure contracts.
A US federal judge has approved a settlement between Elon Musk and the Securities and Exchange Commission over his Twitter share purchases, but not before voicing substantial reservations about whether the deal adequately holds the world's richest person accountable.
An Abu Dhabi-based AI startup founder has admitted guilt in a major insider trading case involving lawyers at top US law firms. The scheme saw confidential merger information sold to traders for profit.
Richard White, co-founder of Australian logistics software company WiseTech Global, has resigned as executive chair effective immediately. Raelene Murphy takes over as independent chair as the company faces scrutiny following media reports of a federal police investigation.
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Malaysia's anti-corruption authority has concluded its investigation into HG Power Transmission, a subsidiary of listed company Rohas Tecnic Bhd, finding no breaches of anti-money laundering legislation.
The Federal Court has rejected a final appeal by Ng Back Heang, former director of Patimas, in a RM1.2 million insider trading case, ruling that his application raises no novel legal issues.
KPMG Australia has appointed Michael Ebeid as its first independent chairman following a major audit leak scandal. However, parliamentarians are questioning whether his prior involvement with the firm undermines his ability to drive necessary reforms.
KPMG Australia has appointed Michael Ebeid, former head of public broadcaster SBS, as its inaugural independent chairman amid serious allegations that staff improperly accessed confidential information to secure audit contracts.
The Bhirombhakdi family, owners of Singha beer, has reaffirmed its opposition to domestic violence while clarifying that an internal family agreement in a case involving two family members was not endorsed by other branches.
Australia is considering breaking up the Big Four accounting firms and placing them under stricter federal oversight following multiple conduct scandals that have eroded public confidence in the sector.
The Kangar Umno division chief and two other former company directors have lost their legal bid to delay repayment of RM492,480 to a hajj and umrah service provider after the High Court dismissed their application.
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A court hearing revealed that a former Petronas manager's alleged disclosure of sensitive documents to Petros may undermine confidential negotiations between Malaysia's two major energy entities.
The Malaysian Anti-Corruption Commission has revoked seizure orders against Rohas Tecnic's subsidiary HGPT and its officers' personal accounts, restoring full banking access after a six-week freeze.