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.
The 1Malaysia Development Bhd has initiated civil proceedings against former prime minister Datuk Seri Najib Razak, contending he masterminded a systematic fraud resulting in approximately RM51.4 billion in losses through deliberate misuse of authority.
South Korean prosecutors have charged six journalists working for a business daily newspaper alongside two others for orchestrating an elaborate stock price manipulation scheme that netted them over 9 billion won in unlawful gains between 2020 and 2024.
Laos has sentenced 15 provincial officials to various terms in a major corruption case, with 10 receiving life imprisonment. The scheme involved roughly USD 4.8 million flowing through defendants' hands between 2021 and 2024.
Three company directors have been charged in Shah Alam with laundering millions of ringgit allegedly diverted from non-profit organisations, marking another significant enforcement action against financial crime.
Malaysia will lead a new ASEAN training course on recovering criminal assets from corruption cases, drawing on its experience with 1MDB. The Malaysian Anti-Corruption Commission aims to strengthen regional cooperation against graft.
A former unit trust consultant has been handed an 18-month prison term and RM2 million fine for perpetrating an investment fraud scheme that deceived multiple clients through misrepresentations.
Authorities have charged 159 Chinese nationals in connection with a fraud operation linked to the Forest City development project in Johor, with additional charges for unauthorised entry.
Police have bust a sprawling fraud operation centred in Forest City, Johor, detaining 335 suspects who ran fake cryptocurrency investment and romance scam schemes from concealed urban bases targeting overseas victims.
Terengganu's anti-corruption body has detained three individuals, including a former manager at a frozen food company, over allegations of submitting fabricated invoices totalling RM51,000 for wedding catering.
Investigators have secured a six-day remand of a suspect connected to an attempted armed robbery targeting a cash-in-transit van at a Bukit Tinggi bank branch in Klang earlier this week.
A former bank analyst has been sentenced to three years jail by Kuala Lumpur Sessions Court for conducting unlicensed securities activities and falsely claiming the Unit Trust Consultant title, marking a significant enforcement action by the Securities Commission Malaysia.
The Malaysian Anti-Corruption Commission has arrested a non-governmental organisation's secretary and treasurer in connection with allegations involving RM5 million in illicit fund transfers.
Malaysia has received USD1.37 billion in assets linked to 1MDB fund misappropriation from the United States, with substantial additional funds and assets remaining frozen or under forfeiture proceedings in America and other countries.
India's Securities and Exchange Board has warned of a growing cyber fraud scheme where scammers impersonate senior executives to trick employees into transferring company funds to fraudulent accounts.
Law enforcement authorities in Melaka have arrested 21 Chinese nationals accused of orchestrating a fraudulent investment scheme. The operation targeted victims through deceptive promises of financial returns.
Japanese authorities have arrested nine people for running a payment system that facilitated illegal online gambling from within Japan. The network allegedly processed 340 billion yen in wagers to overseas casinos between January and April 2025.
The Securities Commission Malaysia has brought charges against three brothers for conducting unlicensed securities dealing activities across multiple states. All three have been granted bail and claim trial.
A former company director has been sentenced to five years in prison by the Kuala Lumpur Sessions Court for operating an unlicensed fund management business and laundering money, following a case involving 23 witnesses and RM1.263 million in losses.
Malaysia's Court of Appeal has upheld a RM28 million judgment against Singaporean businessman Chan Cheh Shin, finding he actively promoted investment fraud through seminars and roadshows across the region.
Indonesia has intensified its war on online gambling by blocking approximately 3.7 million websites and shutting down thousands of bank accounts since late 2024. The multi-agency approach targets the entire illegal gambling ecosystem, not just individual websites.
A convicted member of organised crime syndicate Geng Upik has been charged with nine counts of money laundering totalling more than RM800,000 in Kota Kinabalu Sessions Court.
Indonesian authorities seized $26.3 million in gold and multi-currency cash from locations linked to Febrie Adriansyah, the former deputy attorney general for special crimes. The dramatic raids have triggered debate about the independence of anti-corruption investigations.
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.
The Dutch central bank has fined ABN AMRO €8.5 million for serious deficiencies in its anti-money laundering framework, citing failures in customer monitoring between September 2023 and 2024.
A Singapore businessman already serving time for bribery offences has been slapped with more than 100 fresh charges related to a massive fraudulent investment scheme worth over S$50 million, with authorities alleging the companies involved had no legitimate business operations.
Brunei has imprisoned an Indian national for two years and four months for handling BND230,000 in criminal proceeds without verifying their source. The case involved a cross-border scheme and highlights enforcement against money couriers.
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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 Anti-Corruption Commission has frozen RM3.4 million held in company accounts while investigating allegations that falsified paperwork was used to fraudulently obtain approximately RM20 million in development financing.
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.
Three individuals have been detained in connection with a RM20 million fraud scheme involving falsified documents submitted to obtain bank loans, marking another significant financial crime case.
The Malaysian Anti-Corruption Commission has arrested three people, including two directors from rice and padi companies, suspected of submitting forged documents to secure approximately RM20 million in trade financing.
The Malaysian Anti-Corruption Commission has detained three individuals, including two company directors operating in Malaysia's rice and padi sector, suspected of filing fraudulent documents to obtain approximately RM20 million in trade working capital financing.
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Police in Perak have arrested a woman and her two adult children on suspicion of swindling a 67-year-old hospital patient of jewellery valued at RM8,000. The trio allegedly posed as financial aid officers to gain the victim's trust.
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 Malaysia will not alter its stance towards fugitive businessman Jho Low, even if the United States grants him a presidential pardon. The firm position underscores Malaysia's independent pursuit of accountability.
The owner of Singapore's popular Eminent Frog Porridge restaurant faces 30 charges including tax evasion and money laundering, with authorities alleging concealment of nearly S$3.8 million in tax liabilities across multiple years.
The Malaysian Anti-Corruption Commission is investing in artificial intelligence and data analytics to tackle increasingly sophisticated corruption schemes, recognising that traditional investigative methods must evolve.
Opposition Leader Datuk Seri Hamzah Zainudin has demanded government clarification on the appointment of former MACC chief Tan Sri Azam Baki as adviser to the National Financial Crime Prevention Centre, citing past controversies.
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.
Prime Minister Anwar Ibrahim has mandated that e-wallet issuers must fully reimburse fraud victims within seven working days if they fail to meet Bank Negara Malaysia's fraud prevention requirements, regardless of user negligence.
A 65-year-old former bank manager in Singapore faces multiple charges for allegedly stealing S$1.8 million from her employer's vault over 16 months, using the money for personal loans and gambling activities.
American film director Carl Rinsch has been sentenced to prison after being convicted of defrauding Netflix of US$11 million earmarked for a science fiction television series. Instead of producing the show, he spent the funds on luxury items and speculative investments.
Thai customs officials at the Mae Sai border crossing in Chiang Rai have confiscated more than 23 million baht discovered concealed in cardboard boxes marked as food products inside a Myanmar-bound vehicle, with the driver arrested on currency smuggling charges.
A former Ikram officer has been charged with laundering RM18 million, allegedly using company accounts to purchase high-end vehicles including a Mercedes-Benz AMG S63 and Porsche 911 Turbo S.
Police have dismantled a perfume investment scam syndicate, arresting six suspects in a raid at KL Eco City. The operation marks another blow against increasingly sophisticated investment fraud schemes targeting Malaysians.