1MDB

Najib Razak’s court rulings to seal ex-premier’s political fate

FORMER Malaysian Prime Minister Najib Razak heads into a pivotal week in court, with two rulings that could reopen his path back to power.

The FBI and DOJ reaffirm cooperation with Malaysia to trace, seize and recover remaining overseas assets linked to the 1MDB scandal.

Malaysia to get Picasso, Matisse artworks linked to 1MDB lawyer

The works are held by Christie’s and Sotheby’s in the US and are worth over US$30 million combined

Roger Ng, the only Goldman banker to face US trial for the fraud, was sentenced to 10 years in prison after being convicted by a federal jury.

Ex-Goldman banker Roger Ng loses bid to overturn 1MDB conviction

US appeals judge says none of his arguments are persuasive

Jho Low (left) and Chen Zhi pulled off colossal financial crimes because the system was flawed.
THINKING ALOUD

Jho Low, Chen Zhi: Two fugitives, two ecosystems

These high-profile frauds expose an uneasy truth about financial oversight in South-east Asia

The claimaints against Standard Chartered are Alsen Chance Holdings, Blackstone Asia Real Estate Partners and Brightstone Jewellery.

Singapore court clears way for US$2.7 billion suit against StanChart in 1MDB scandal-linked claim

Claims involve an alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah Mansor’s bags and jewellery

1MDB collapsed in 2016, spawning multiple lawsuits against banks across Asia, Europe and the US.

Malaysia enters mediation with Julius Baer on US$112 million 1MDB lawsuit

MALAYSIA said it’s entered mediation talks with Julius Baer Group in a bid to settle a US$112 million lawsuit filed against the Swiss bank by a unit of the failed 1MDB development fund.

JPMorgan in August agreed to pay US$338.8 million to Malaysia to resolve all existing and potential claims relating to 1MDB.

1MDB drops JPMorgan, Coutts from US$1.1b lawsuit

[KUALA LUMPUR] Malaysia state firm 1MDB dropped its court action against JPMorgan and Coutts, The Edge reported.

More than a decade since 1MDB exploded, the trial may yet reveal snippets about who knew what about Jho Low and his money.

Ex-Goldman, Rothschild banker stands trial to appeal 1MDB fine

The man, who can only be identified as L, was found guilty in 2022 of violating reporting obligations.

The judge notes that Singapore’s Parliament had deliberately included the 2018 cut-off when enacting the Model Law on Cross-Border Insolvency.

1MDB liquidators lose Singapore court bid to sue StanChart, BSI due to transactions predating insolvency law

The liquidators are exploring other possible workarounds, including the option of appealing

The latest recovery, along with the recent US$330 million settlement with JPMorgan Chase, brings the total amount of assets recovered by Malaysia in the 1MDB case to RM31.19 billion.

Malaysia recovers RM36.2 million in assets linked to Jho Low in 1MDB case

[KUALA LUMPUR] Malaysia has recovered RM36.2 million (S$11 million) in assets linked to fugitive financier Low Taek Jho, also known as Jho Low, and his family in the multi-billion US dollar 1MDB scand...