Mr. Najib was sentenced to up to 12 years in prison and faces fines of nearly $50 million on charges of abuse of power, breach of trust and money laundering.
Tag: 1Malaysia Development Berhad (1MDB)
Democracy Fades in Malaysia as Old Order Returns to Power
Malaysia’s new government looks much like its scandal-stained old government. And under cover of the coronavirus, its opponents have been muzzled.
Malaysia Drops Charges Against ‘Wolf of Wall Street’ Producer in 1MDB Case
Riza Aziz was accused of laundering money from a government investment fund and using it to finance his films. He agreed to return assets worth more than $107 million.
Malaysia’s Premier, Mahathir Mohamad, Is Ousted in a Surprising Turn
Mr. Mahathir, 94, who has towered over the country’s politics for decades, was replaced by Muhyiddin Yassin, a onetime ally whom he accused of betrayal.
Mahathir Mohamad, Malaysia’s Prime Minister, Resigns
The move appears to be an attempt to suddenly remake a government — possibly with Mr. Mahathir, 94, still at the helm.
Goldman Is in Talks to Settle Malaysia Fund Scandal
A settlement with federal prosecutors could be reached by the end of next month.
‘Wolf of Wall Street’ Producer, Riza Aziz, Is Charged in Malaysia Fund Scandal
Mr. Riza, whose stepfather is a former prime minister of Malaysia, pleaded not guilty to money-laundering charges in the disappearance of billions from a government fund.
Najib Razak, Malaysian Leader Toppled in 1MDB Scandal, Faces First Graft Trial
Mr. Najib’s trial, which began on Wednesday, is part of one of the biggest corruption cases ever to go to court. Some $4.5 billion was diverted from Malaysia’s public coffers.
Ousted Leader’s R&B Lament: A Malay Version of ‘Kiss and Say Goodbye’
Najib Razak, who faces dozens of corruption-related charges, sang in a recording released online that he was a victim of “slander and revenge.”
Malaysia Files Criminal Charges Against Goldman Sachs Over 1MDB Scandal
In the wake of a scandal that brought down the country’s former prime minister, the Malaysian government is seeking fines in excess of $2.7 billion.