1MDB scandal

International corruption scandal that began in Malaysia December 2016 June 2026 thumb|Logo of 1Malaysia Development Berhad The 1Malaysia Development Berhad scandal (1MDB scandal) is a corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad was systematically embezzled, with assets diverted globally by the perpetrators of the scheme.Kelleher Dennis 14 May 2019 Goldman Sachs and the 1MDB Scandal https://corpgov.law.harvard.edu/2019/05/14/goldman-sachs-and-the-1mdb-scandal/ 24 April 2022 The Harvard Law School Forum on Corporate Governance English 23 August 2024 https://web.archive.org/web/20240823190745/https://corpgov.law.harvard.edu/2019/05/14/goldman-sachs-and-the-1mdb-scandal/ live As of 2026, legal proceedings and asset recovery efforts are still ongoing. Although it began in 2009 in Malaysia, the scandal's global scope implicated institutions and individuals in politics, banking, and entertainment, and led to criminal investigations in a number of nations. The 1MDB scandal has been described as "one of the world's greatest financial scandals"Chen Heather Ponniah Kevin Mei Lin Mayuri 9 August 2019 1MDB: The playboys, PMs and partygoers around a global financial scandal. It has been one of the world's greatest financial scandals. BBC https://www.bbc.com/news/world-asia-46341603 24 August 2021 21 July 2020 https://web.archive.org/web/20200721081321/https://www.bbc.com/news/world-asia-46341603 live 6 November 2020 Shorenstein Journalism Award Winner Tom Wright Recounts Story of Global Financial Scandal https://fsi.stanford.edu/news/shorenstein-journalism-award-winner-tom-wright-recounts-story-global-financial-scandal 24 August 2021 The Freeman Spogli Institute For International Studies, Stanford University and declared by the United States Department of Justice (DOJ) as the "largest kleptocracy case to date" in 2016.20 June 2016 International Corruption – U.S. Seeks to Recover $1 Billion in Largest Kleptocracy Case to Date https://www.fbi.gov/news/stories/us-seeks-to-recover-1-billion-in-largest-kleptocracy-case-to-date 24 August 2021 Federal Bureau of Investigation 2 August 2019 https://web.archive.org/web/20190802134941/https://www.fbi.gov/news/stories/us-seeks-to-recover-1-billion-in-largest-kleptocracy-case-to-date live. A 2015 document leak reported in The Edge, Sarawak Report, and The Wall Street Journal showed that Malaysia's then-Prime Minister Najib Razak had channeled over RM 2672000000 (about US$700000000) into his personal bank accounts from 1MDB, a government-run strategic development company.6 July 2015 Malaysian taskforce investigates allegations $700m paid to Najib The Guardian https://www.theguardian.com/world/2015/jul/06/malaysian-task-force-investigates-allegations-700m-paid-to-pm-najib 24 March 2018 22 April 2020 https://web.archive.org/web/20200422204302/https://www.theguardian.com/world/2015/jul/06/malaysian-task-force-investigates-allegations-700m-paid-to-pm-najib live The alleged mastermind of the scheme, Jho Low, was central in the movement of 1MDB funds internationally through shell companies and offshore bank accounts. As of 2018, the DOJ found that Low and other conspirators including officials from Malaysia, Saudi Arabia and the United Arab Emirates diverted more than US$4.5 billion from 1MDB.US DOJ says pursuing investigations related to Malaysia's 1MDB https://www.thestar.com.my/business/business-news/2018/05/22/us-doj-says-pursuing-investigations-related-to-malaysias-1mdb/ 22 May 2018 The Star 22 May 2018 7 July 2018 https://web.archive.org/web/20180707011004/https://www.thestar.com.my/business/business-news/2018/05/22/us-doj-says-pursuing-investigations-related-to-malaysias-1mdb/ live In September 2020, the alleged amount stolen from 1MDB was estimated to be US$4.5 billion and a Malaysian government report listed 1MDB's outstanding debts to be at US$7.8 billion.Latiff Rozanna 6 November 2020 Davies Ed Malaysia's 1MDB state fund still $7.8 billion in debt – government report https://www.reuters.com/article/malaysia-politics-1mdb-idUSKBN27M0VQ 11 July 2021 Reuters The government has assumed 1MDB's debts, which include 30-year bonds due in 2039.Chew Elffie 6 November 2020 How 'Insolvent' 1MDB's Debt Stacks Up and Who's Saddled With It Bloomberg News https://www.bnnbloomberg.ca/how-insolvent-1mdb-s-debt-stacks-up-and-who-s-saddled-with-it-1.1084733 26 August 2021 26 August 2021 https://web.archive.org/web/20210826100535/https://www.bnnbloomberg.ca/how-insolvent-1mdb-s-debt-stacks-up-and-who-s-saddled-with-it-1.1084733 live In August 2021, the United States recovered and returned a total of US$1.2 billion of 1MDB funds misappropriated within its jurisdiction,6 August 2021 Over $1.6 billion in misappropriated 1MDB funds repatriated to Malaysia so far https://www.straitstimes.com/asia/se-asia/over-us1-billion-in-misappropriated-1mdb-funds-repatriated-to-malaysia 6 August 2021 Straits Times 6 August 2021 https://web.archive.org/web/20210806113954/https://www.straitstimes.com/asia/se-asia/over-us1-billion-in-misappropriated-1mdb-funds-repatriated-to-malaysia live joining countries such as Singapore and several others that have also initiated recovery or that have already repatriated smaller recovered amounts.10 September 2018 Singapore to return $11 million in 1MDB-linked funds to Malaysia https://sg.news.yahoo.com/singapore-return-11-million-1mdb-linked-funds-malaysia-055606976--sector.html 7 August 2021 Reuters 7 August 2021 https://web.archive.org/web/20210807142148/https://sg.news.yahoo.com/singapore-return-11-million-1mdb-linked-funds-malaysia-055606976--sector.html live Background and key perpetrators 1Malaysia Development Berhad Najib Razak became Prime Minister of Malaysia in 2009. In his first year in office, he established 1Malaysia Development Berhad (1MDB), a sovereign wealth fund, which sought to make strategic investments and alleviate poverty, as part of his economic liberalisation policy and trademark 1Malaysia program. The fund had a budget of $1 billion to invest, with Najib having the sole authority to sign off investments and manage the personnel on its board and management team. His wife is Rosmah Mansor, whose son is Riza Aziz from a previous relationship. Jho Low is a Malaysian businessman and financier from Penang. Despite not having a formal position at 1MDB, Low supported its establishment and was given extensive access to the fund due to high-profile political connections in Malaysia and the Middle East, and entertainment connections in the United States. Low joined high-level meetings and facilitated numerous deals. Tim Leissner is a German banker who was chairman of the American investment bank Goldman Sachs in its Southeast Asia ventures. Leissner was credited with making lucrative deals for Goldman in the region after the 2008 financial crisis. The head of Goldman Sachs in Malaysia, Roger Ng, introduced Leissner to Jho Low. Leissner and Ng worked with Low and used his political connections to establish deals and orchestrate the scheme. Scheme The US DOJ described the scheme as involving three phases. In August 2009, Najib and Low met with representatives of the private oil company PetroSaudi on a yacht in Monaco to discuss 1MDB's first investment. This included Saudi royal Turki bin Abdullah Al Saud and Saudi national Tarek Obaid. During a subsequent visit to Saudi Arabia, Najib signed a $2.5 billion joint venture between PetroSaudi and 1MDB. The DOJ later said this was used as a "pretence" to move $1 billion into a Swiss bank account. An additional $1.4 billion was then raised by Goldman Sachs in a bond issue and misappropriated into a bank account in Switzerland. An additional $1.3 billion from Goldman Sachs was also diverted into a bank account in Singapore. US authorities say that Goldman Sachs, particularly Roger Ng, were central in orchestrating the scheme, particularly the laundering of money from the fund, some of which was used to pay bribes to officials in Malaysia and the United Arab Emirates.8 April 2022 1MDB scandal: Ex-Goldman Malaysia boss found guilty en-GB BBC News https://www.bbc.com/news/business-61043609 23 June 2022 17 May 2022 https://web.archive.org/web/20220517102143/https://www.bbc.com/news/business-61043609 live Use of funds More than $4 billion was stolen from the 1MDB fund and spent by perpetrators on art, diamonds and property. Low allegedly used 1MDB funds to support a lavish lifestyle in the United States. The DOJ traced $100m from the PetroSaudi deal to the purchase of properties in Hollywood and $40m to apartments in New York. He established friendships with musicians Swizz Beats, Alicia Keys and Pras, was pictured partying with socialite Paris Hilton, and used funds to purchase luxury items for model Miranda Kerr and singer Elva Hsiao, with whom he was romantically involved. Hollywood film production company Red Granite Pictures, co-founded by Riza Aziz and Joey McFarland in 2010, also reportedly received misappropriated funds. The DOJ suggested these were put towards the production of The Wolf of Wall Street, Daddy's Home and Dumb and Dumber To, and by 2017 had seized royalties from all three films.Latiff Rozanna 26 July 2020 Birsel Robert EXPLAINER-Malaysia's mega 1MDB scandal that brought down a prime minister https://www.reuters.com/article/malaysia-politics-najib-idUSL3N2EU1O6 live https://web.archive.org/web/20220620094845/https://www.reuters.com/article/malaysia-politics-najib-idUSL3N2EU1O6 20 June 2022 20 June 2022 Reuters en19 June 2017 Leonardo DiCaprio turns over Marlon Brando Oscar, other gifts allegedly bought with 1MDB funds https://www.straitstimes.com/world/united-states/leonardo-dicaprio-turns-over-marlon-brando-oscar-other-gifts-allegedly-bought live https://web.archive.org/web/20180917105357/https://www.straitstimes.com/world/united-states/leonardo-dicaprio-turns-over-marlon-brando-oscar-other-gifts-allegedly-bought 17 September 2018 23 June 2022 The Straits Times en Agence France-Presse Jho Low was personally thanked in the credits of The Wolf of Wall Street. Malaysian investigations and actions Change of auditors and transparency The RM 425 million profit declared between 25 September 2009 and 31 March 2010 raised many criticisms and controversies about the lack of transparency in 1MDB's published accounts. Tony Pua, DAP Member of Parliament for Petaling Jaya Utara, questioned Najib, 1MDB's advisory board chairman, as to whether the figures were the result of an asset injection into 1MDB by the government such as the transfer of land rights to the company.Chooi Clara 9 October 2010 Pua says 1MDB profits suspect The Malaysian Insider http://www.themalaysianinsider.com/malaysia/article/pua-says-1mdb-profits-suspect/ 26 July 2015 https://web.archive.org/web/20101012151903/http://www.themalaysianinsider.com/malaysia/article/pua-says-1mdb-profits-suspect 12 October 20101Malaysia Development Berhad Malaysia Factbook http://malaysiafactbook.com/1Malaysia_Development_Berhad https://web.archive.org/web/20140316132016/http://malaysiafactbook.com/1Malaysia_Development_Berhad 16 March 2014 malaysiafactbook.com During the October 2010 parliamentary session, 1MDB explained that its accounts had been fully audited and signed off by KPMG, and closed as of 31 March 2010. Deloitte was involved in the valuation and analysis of the portfolio, while Ernst & Young provided tax advice for 1MDB. 1MDB eventually rang alarm bells by asking for a six-month extension on the filing of its annual report with the Companies Commission of Malaysia (CCM) due by 30 September 2013. At the same time, the change of three auditors since its inception in 2009 was considered suspicious.https://www.theedgemarkets.com/article/has-1mdb-filed-its-accounts Has 1MDB filed its accounts? 1 April 2014 The Edge Malaysia 26 July 2015 25 January 2021 https://web.archive.org/web/20210125075149/https://www.theedgemarkets.com/article/has-1mdb-filed-its-accounts live 22 April 2014 Auditors highlight several critical areas in 1MDB's books The Star http://www.thestar.com.my/Business/Business-News/2014/04/22/Auditors-highlight-several-critical-areas-in-its-books-and-reveal-more-funds/ 26 July 2015 24 April 2014 https://web.archive.org/web/20140424040457/http://www.thestar.com.my/Business/Business-News/2014/04/22/Auditors-highlight-several-critical-areas-in-its-books-and-reveal-more-funds/ live Responding to earlier criticism, CCM said that 1MDB had responded and lodged the necessary information, including registering an address, as required by law.The business address is also available on the company's website, www.1mdb.com.my The Sungai Besi airport land transfer took place in June 2011 as a precedent for the development known as Bandar Malaysia, a mixed integrated project of commercial, residential, and hi-tech green environment.15 June 2011 Agreements inked to develop Sungai Besi airport land into Bandar Malaysia The Star https://www.thestar.com.my/news/nation/2011/06/15/agreements-inked-to-develop-sungai-besi-airport-land-into-bandar-malaysia 29 July 2020 28 September 2020 https://web.archive.org/web/20200928201345/https://www.thestar.com.my/news/nation/2011/06/15/agreements-inked-to-develop-sungai-besi-airport-land-into-bandar-malaysia live Prior to this, there had been questions in parliament by the opposition regarding the lack of progress on Bandar Malaysia even though 1MDB had already raised RM 3.5 billion in loans and Islamic bonds to fund the project and take ownership of the land.Sipalan Joseph 12 May 2015 Amid lack of progress in Bandar Malaysia, Rafizi questions 1MDB's RM3.5b debt https://www.malaymail.com/news/malaysia/2015/05/12/amid-lack-of-progress-in-bandar-malaysia-rafizi-questions-1mdbs-rm3.5-bil-d/895229 27 September 2015 Malay Mail 30 April 2020 https://web.archive.org/web/20200430024416/https://www.malaymail.com/amp/news/malaysia/2015/05/12/amid-lack-of-progress-in-bandar-malaysia-rafizi-questions-1mdbs-rm3.5-bil-d/895229 live Pua Tony 19 February 2014 Why is 1MDB raising RM2.4bil in loans? http://www.malaysiakini.com/news/254822 27 September 2015 Malaysiakini 23 February 2023 https://web.archive.org/web/20230223201209/https://www.malaysiakini.com/news/254822 live In April 2013, 1MDB finally awarded a RM 2.1 billion contract to Perbadanan Perwira Harta Malaysia (PPHM), a subsidiary of Lembaga Tabung Angkatan Tentera (LTAT) to develop eight sites for the relocation of Pangkalan Udara Kuala Lumpur, the military base on the Sungai Besi land that was to be developed.1MDB awards RM2.1bil contract to Armed Forces Fund Board unit http://www.thestar.com.my/business/business-news/2013/04/03/1mdb-awards-rm21bil-contract-to-armed-forces-fund-board-unit/ 4 February 2016 The Star 3 April 2013 Malaysia 5 May 2022 https://web.archive.org/web/20220505181426/https://www.thestar.com.my/business/business-news/2013/04/03/1mdb-awards-rm21bil-contract-to-armed-forces-fund-board-unit live The construction of Bandar Malaysia was set to commence following the completion of this relocation. As part of its debt rationalisation plan, on 31 December 2015, 1MDB signed an agreement with a consortium comprising Iskandar Waterfront Holdings and China Railway Engineering Corporation to sell 60% of its stake in Bandar Malaysia Sdn Bhd.Ahmad Razak 31 December 2015 1MDB to sell 60% stake in Bandar Malaysia for RM7.41bil http://www.thestar.com.my/news/nation/2015/12/31/1mdb-to-sell-stake-in-bandar-malaysia-for-7_41bil/ 1 March 2016 The Star Online 21 January 2023 https://web.archive.org/web/20230121184113/https://www.thestar.com.my/news/nation/2015/12/31/1mdb-to-sell-stake-in-bandar-malaysia-for-7_41bil live However, this deal eventually fell through.Lee Liz 15 July 2021 Malaysia's $1.8 bln mega project with China Railway falls through Reuters Davies Ed https://www.reuters.com/world/asia-pacific/malaysias-18-bln-mega-project-with-china-railway-falls-through-2021-07-15/ live registration 26 August 2021 https://web.archive.org/web/20210814080140/https://www.reuters.com/world/asia-pacific/malaysias-18-bln-mega-project-with-china-railway-falls-through-2021-07-15/ 14 August 2021 On 7 September 2015, a member of the board of advisors to 1MDB, Abdul Samad Alias, resigned stating that he did so after many of his requests for information on 1MDB affairs were ignored.Liang Tan Yi 7 September 2015 1MDB accepts adviser's resignation http://www.thestar.com.my/News/Nation/2015/09/07/1MDB-adviser-quits/ 27 September 2015 The Star Online 22 July 2022 https://web.archive.org/web/20220722160608/https://www.thestar.com.my/news/nation/2015/09/07/1mdb-adviser-quits live 1MDB insists former adviser was not ignored https://www.malaysiakini.com/news/311540 27 September 2015 Malaysiakini 8 September 2015 23 February 2023 https://web.archive.org/web/20230223201206/https://www.malaysiakini.com/news/311540 live 1MDB subsequently denied receiving repeated requests from Abdul Samad, stating that its president, Arul Kanda, had personally met Abdul Samad in January and March of that year to "discuss the company's affairs".1MDB denies receiving 'repeated requests' for info from former advisor https://www.malaymail.com/news/malaysia/2015/09/08/1mdb-denies-receiving-repeated-requests-for-info-from-former-advisor/966193 4 February 2016 The Malay Mail 8 September 2015 14 November 2019 https://web.archive.org/web/20191114003844/https://www.malaymail.com/news/malaysia/2015/09/08/1mdb-denies-receiving-repeated-requests-for-info-from-former-advisor/966193 live 1MDB had not had a proper external accounts audit since 2013, partly as a result of Deloitte Malaysia, their auditors at the start of that period, issuing a statement in July 2016 saying that their audit reports of 1MDB financial statements, dated 28 March 2014 and 5 November 2014 covering financial years 2013 and 2014 respectively, should no longer be relied upon.27 July 2016 Deloitte Malaysia's statement on 1MDB accounts http://www.thesundaily.my/news/1915579 23 March 2018 The Sun Daily 24 March 2018 https://web.archive.org/web/20180324102358/http://www.thesundaily.my/news/1915579 live 21 November 2017 Lack of concern about 1MDB's unaudited accounts shows cover-up, says MP https://www.themalaysianinsight.com/s/23854/ subscription live https://web.archive.org/web/20180110001104/https://www.themalaysianinsight.com/s/23854/ 10 January 2018 23 March 2018 The Malaysian Insight By early March 2015, with public discontent growing at the perceived lack of financial transparency at 1MDB, the Prime Minister, who was also the Chairman of 1MDB's Board of Advisors, ordered the Auditor General of Malaysia to carry out an audit of 1MDB.Ng Jason 4 March 2015 Malaysian Leader Orders Auditor to Verify 1MDB Accounts wsj.com Wall Street Journal https://www.wsj.com/articles/malaysian-leader-orders-auditor-to-verify-1mdb-accounts-1425479032 5 March 2015 10 March 2015 https://web.archive.org/web/20150310012545/http://www.wsj.com/articles/malaysian-leader-orders-auditor-to-verify-1mdb-accounts-1425479032 live However, on completion of the audit, the final report was classified as an Official Secret and only made available to the Public Accounts Committee (PAC) tasked to investigate improprieties at 1MDB.Berthelsen John 7 April 2016 Malaysia Auditor General's 1MDB Report Classified Asia Sentinel https://www.asiasentinel.com/politics/malaysia-auditor-general-1mdb-report-classified/ 24 March 2018 24 March 2018 https://web.archive.org/web/20180324041708/https://www.asiasentinel.com/politics/malaysia-auditor-general-1mdb-report-classified/ live Iskandar Amin 24 January 2018 Azmin fails to unseal 1MDB audit report The Malaysian Insight https://www.themalaysianinsight.com/s/34072/ live subscription 24 March 2018 https://web.archive.org/web/20180204214903/https://www.themalaysianinsight.com/s/34072/ 4 February 2018 Purported copies of the report however surfaced on the internet.6 April 2016 Now Is The Best Time To Declassify AG's Report on 1MDB – There Should Be Nothing To Hide! Transparency International Malaysia https://transparency.org.my/pages/news-and-events/press-releases/now-is-the-best-time-to-declassify-ag-s-report-on-1mdb-there-should-be-nothing-to-hide live 24 March 2018 https://web.archive.org/web/20180324102909/http://transparency.org.my/media-and-publications/press-release/now-is-the-best-time-to-declassify-ags-report-on-1mdb-there-should-be-nothing-to-hide/ 24 March 201814 July 2016 Sarawak Report publishes AG's 1MDB report classified under Official Secrets Act The Straits Times Singapore http://www.straitstimes.com/asia/se-asia/sarawak-report-publishes-ags-1mdb-report-classified-under-official-secrets-act 24 March 2018 24 March 2018 https://web.archive.org/web/20180324163814/http://www.straitstimes.com/asia/se-asia/sarawak-report-publishes-ags-1mdb-report-classified-under-official-secrets-act live Lim Ida 8 April 2016 Rafizi charged under secrecy law over leak on 1MDB federal audit The Malay Mail https://www.malaymail.com/news/malaysia/2016/04/08/rafizi-charged-under-secrecy-law-for-leak-on-1mdb-audit/1096257 24 March 2018 After Najib's ouster in the 2018 general election, the much-leaked audit report was declassified by the new government on 12 May 2018.15 May 2018 1MDB audit report now declassified, says Auditor-General The Edge (Malaysia) https://www.theedgemarkets.com/article/1mdb-audit-report-now-declassified-says-auditorgeneral 26 August 2021 26 August 2021 https://web.archive.org/web/20210826125654/https://www.theedgemarkets.com/article/1mdb-audit-report-now-declassified-says-auditorgeneral live In May 2018, after the formation of the new Cabinet following Pakatan Harapan's victory in the General Elections, Finance Minister Lim Guan Eng ordered the appointment of PricewaterhouseCoopers (PwC) to conduct a special position audit and review of 1MDB.23 May 2018 1MDB Unable To Repay Debts – Guan Eng http://malaysiandigest.com/frontpage/282-main-tile/739138-1mdb-unable-to-repay-debts-guan-eng.html https://web.archive.org/web/20180524001245/http://malaysiandigest.com/frontpage/282-main-tile/739138-1mdb-unable-to-repay-debts-guan-eng.html 24 May 2018 24 May 2018 Malaysian Digest The Malaysian Conference of Rulers called for a prompt investigation of the scandal, saying that it was causing a crisis of confidence in Malaysia.Royal rulers deplore Malaysia's 'crisis of confidence' http://www.aljazeera.com/news/2015/10/royal-rulers-deplore-malaysia-crisis-confidence-151007064312312.html live https://web.archive.org/web/20171201081054/http://www.aljazeera.com/news/2015/10/royal-rulers-deplore-malaysia-crisis-confidence-151007064312312.html 1 December 2017 1 March 2016 Al Jazeera 1MDB lawsuit against Amicorp Group for alleged fraud On 20 December 2024 the Malaysian state fund initiated legal proceedings against Amicorp Group and its CEO, Toine Knipping. The lawsuit, filed in the British Virgin Islands, seeks over $1 billion in damages for alleged fraud.Malaysia's scandal-hit 1MDB sues Amicorp, seeks $1bn for alleged fraud https://www.aljazeera.com/news/2024/12/23/malaysias-scandal-hit-1mdb-sues-amicorp-seeks-1bn-for-alleged-fraud 10 January 2025 Al Jazeera en23 December 2024 1MDB Files $1 Billion Claim Against Amicorp to Recover Assets https://www.bloomberg.com/news/articles/2024-12-23/1mdb-files-1-billion-claim-against-amicorp-to-recover-assets 10 January 2025 Bloomberg.com en 1MDB claims that Amicorp, a Hong Kong-based corporate services provider, helped facilitate fraudulent transactions exceeding $7 billion between 2009 and 2014. The fund alleges that Amicorp orchestrated a sophisticated scheme involving numerous shell companies, fake transactions, and deceptive financial arrangements that concealed the actual source and flow of misappropriated funds. According to the lawsuit, the misappropriated assets were allegedly funneled through various locations, including Barbados, Curaçao, Hong Kong, and the British Virgin Islands. 1MDB asserts that Amicorp granted access to the international financial system, enabling fund entities and banking services to perpetuate the cycling of assets. This created an illusion that 1MDB's investments were generating returns when, in reality, they had been misappropriated.Amicorp Group denies alleged fraud of over $7 billion in Malaysia's 1MDB scandal https://www.chinadailyhk.com/hk/article/600910 10 January 2025 chinadailyhk en23 December 2024 '1MDB liquidators file $1B+ BVI lawsuit against Amicorp & CEO Toine Knipping for alleged fraudulent trading' (Plaintiffs' Press Release) – OffshoreAlert https://www.offshorealert.com/1mdb-liquidators-file-1b-bvi-lawsuit-against-amicorp-ceo-toine-knipping-for-alleged-fraudulent-trading-plaintiffs-press-release/ 10 January 2025 en-US In response to the allegations, Amicorp Group denied any wrongdoing and stated its intention to dispute the $1 billion legal claim. The company maintains that the claim is inaccurate and that it will be left to the British Virgin Islands Court of Justice to assess the suit.24 December 2024 Amicorp Denies 1MDB's $1 Billion Asset Recovery Claim https://www.bloomberg.com/news/articles/2024-12-24/amicorp-denies-1mdb-s-1-billion-asset-recovery-claim 10 January 2025 Bloomberg.com en Debts and rating downgrade It was reported that by early 2015, 1MDB had accumulated debts of nearly RM 42 billion.Ringgit under pressure over 1MDB debt http://www.themalaysianinsider.com/business/article/ringgit-under-pressure-over-1mdb-debt https://web.archive.org/web/20150708045158/http://www.themalaysianinsider.com/business/article/ringgit-under-pressure-over-1mdb-debt 8 July 2015 7 July 2015 Further alleged financial challenges caused 1MDB bonds to trade at a record low.27 February 2015 1MDB faces fresh debt payment test http://www.freemalaysiatoday.com/category/nation/2015/02/27/1mdb-faces-fresh-debt-payment-test/ https://web.archive.org/web/20150301145440/http://www.freemalaysiatoday.com/category/nation/2015/02/27/1mdb-faces-fresh-debt-payment-test/ 1 March 2015 Free Malaysia Today24 February 2015 1MDB bonds drop to junk status as investors consider wind-down https://www.malaymail.com/news/money/2015/02/24/1mdb-bonds-drop-to-junk-status-as-investors-consider-wind-down/847295 10 April 2023 Malay Mail en 10 April 2023 https://web.archive.org/web/20230410124630/https://www.malaymail.com/news/money/2015/02/24/1mdb-bonds-drop-to-junk-status-as-investors-consider-wind-down/847295 live Additionally, the Malaysian cabinet rejected a requested RM 3 billion cash injection by 1MDB, narrowing its options to pay off its debts on time.Cabinet rejects RM3 billion for 1MDB as debt repayment options narrow 27 February 2015 http://www.theedgemarkets.com/my/article/cabinet-rejects-rm3-billion-1mdb-debt-repayment-options-narrow 7 July 2015 7 July 2015 https://web.archive.org/web/20150707213301/http://www.theedgemarkets.com/my/article/cabinet-rejects-rm3-billion-1mdb-debt-repayment-options-narrow live RPT-MALAYSIA PRESS-Cabinet rejects $834 mln proposed injection into 1MDB-The Malaysian Insider Reuters https://www.reuters.com/article/malaysia-press-1mdb-idUSL4N0W116S20150227 7 July 2015 7 July 2015 https://web.archive.org/web/20150707195912/http://www.reuters.com/article/2015/02/27/malaysia-press-1mdb-idUSL4N0W116S20150227 live Cabinet rejects RM3 billion aid for 1MDB https://www.malaysia-today.net/2015/02/27/cabinet-rejects-rm3-billion-aid-for-1mdb/ live https://web.archive.org/web/20150708120347/http://www.freemalaysiatoday.com/category/nation/2015/02/27/cabinet-rejects-rm3-billion-aid-for-1mdb/ 8 July 2015 7 July 2015 Free Malaysia Today 27 February 2015 Donation explanation from the government thumb|upright|Former Malaysian Prime Minister Najib has been heavily linked to 1MDB's eventual insolvency.1MDB insolvent, unable to repay debts: 2 directors The Straits Times https://www.straitstimes.com/asia/se-asia/1mdb-insolvent-unable-to-repay-debts-2-directors 24 May 2018 21 August 2021 21 August 2021 https://web.archive.org/web/20210821152928/https://www.straitstimes.com/asia/se-asia/1mdb-insolvent-unable-to-repay-debts-2-directors live On 3 August 2015, the MACC stated that the RM 2.6 billion that had been banked into Najib's personal account came from donors, not 1MDB, but did not elaborate on who the donors were or why the funds were transferred, nor why this explanation had taken so long to emerge since the allegations were first made on 2 July 2015.Murad Dina 3 August 2015 MACC: RM2.6bil in Najib's account from donors, not 1MDB's https://www.thestar.com.my/News/Nation/2015/08/03/1MDB-MACC-Najib/ subscription live https://web.archive.org/web/20150807090751/https://www.thestar.com.my/News/Nation/2015/08/03/1MDB-MACC-Najib/ 7 August 2015 The StarLeong Trinna 3 August 2015 Malaysia's anti-graft unit says funds in PM's account a 'donation', not from state fund Reuters Macfie Nick https://www.reuters.com/article/malaysia-politics-1mdb-idUKL3N10E3GR20150803 10 April 2023 10 April 2023 https://web.archive.org/web/20230410124630/https://www.reuters.com/article/malaysia-politics-1mdb-idUKL3N10E3GR20150803 live UMNO Kuantan division chief Wan Adnan Wan Mamat later claimed that the RM 2.6 billion was from Saudi Arabia as thanks for fighting ISIS. He further claimed that the Muslim community in the Philippines as well as southern Thailand had also received similar donations, and that since the donations were made to Najib personally as opposed to UMNO, the funds were deposited into Najib's personal accounts.Najib's RM2.6 billion is from Saudi Arabia as thanks for fighting Isis, claims Umno leader http://www.themalaysianinsider.com/malaysia/article/najibs-rm2.6-billion-is-from-saudi-arabia-as-thanks-for-fighting-isis-claim https://web.archive.org/web/20150817121608/http://www.themalaysianinsider.com/malaysia/article/najibs-rm2.6-billion-is-from-saudi-arabia-as-thanks-for-fighting-isis-claim 17 August 2015 Saudi Foreign Minister Adel al-Jubeir said he was aware of the donation, and said that it was a genuine donation with nothing expected in return.15 April 2016 Malaysia 1MDB: Saudi minister says Najib funds were donation https://www.bbc.co.uk/news/world-asia-36051474 1 May 2016 BBC NewsHolmes Oliver 14 April 2016 Saudi Arabia says money sent to Malaysian PM was a 'genuine donation' https://www.theguardian.com/world/2016/apr/15/saudi-arabia-money-malaysian-pm-najib-genuine-donation 14 April 2016 The Guardian 19 September 2023 https://web.archive.org/web/20230919044022/https://www.theguardian.com/world/2016/apr/15/saudi-arabia-money-malaysian-pm-najib-genuine-donation live Attorney-general Mohamad Apandi Ali has said that the donation was from one of the sons of the late Saudi King Abdullah,Late Saudi king's son is RM2.6b donor, says Apandi https://www.malaysiakini.com/news/329644 1 March 2016 Malaysiakini 6 February 2016 23 February 2023 https://web.archive.org/web/20230223201214/https://www.malaysiakini.com/news/329644 live Shannon Teoh KL graft-busters challenge A-G's decision on Najib http://www.straitstimes.com/asia/se-asia/kl-graft-busters-challenge-a-gs-decision-on-najib 1 March 2016 The Straits Times 28 January 2016 3 April 2023 https://web.archive.org/web/20230403201654/https://www.straitstimes.com/asia/se-asia/kl-graft-busters-challenge-a-gs-decision-on-najib live namely Turki bin Abdullah Al Saud.8 November 2017 Malaysia's prime minister will call an election soon The Economist https://www.economist.com/news/asia/21731091-despite-being-implicated-embezzlement-he-may-well-win 23 November 2018 9 November 2017 https://web.archive.org/web/20171109081256/https://www.economist.com/news/asia/21731091-despite-being-implicated-embezzlement-he-may-well-win live In an interview with ABC News, WSJ finance editor Ken Brown stated that the money did not come from the Saudis and they had evidence that it came from companies related to 1MDB.RM2.6 billion in Najib's accounts not from Saudis, says WSJ editor http://www.todayonline.com/world/asia/rm26-billion-najibs-accounts-not-saudis-says-wsj-editor 1 March 2016 TODAYonline 23 February 2023 https://web.archive.org/web/20230223204222/https://www.todayonline.com/world/asia/rm26-billion-najibs-accounts-not-saudis-says-wsj-editor live RM2.6 bil in Najib's accounts not from Saudis, says WSJ editor http://www.theedgemarkets.com/my/article/rm26-bil-najib%E2%80%99s-accounts-not-saudis-says-wsj-editor 1 March 2016 24 April 2016 https://web.archive.org/web/20160424171100/http://www.theedgemarkets.com/my/article/rm26-bil-najib%E2%80%99s-accounts-not-saudis-says-wsj-editor live WSJ refutes AG's Saudi donation claim https://www.malaysiakini.com/news/330908 1 March 2016 Malaysiakini 18 February 2016 12 December 2022 https://web.archive.org/web/20221212032104/https://www.malaysiakini.com/news/330908 live Bank Negara actions Using the premise that 1MDB had used inaccurate or incomplete disclosure of information, Bank Negara, in early 2016, revoked permissions previously granted to 1MDB for investments abroad totalling $1.83 billion.http://news.asiaone.com/news/malaysia/bank-negara-1mdb-breached-exchange-controls-three-permissions-revoked https://web.archive.org/web/20160307141639/http://news.asiaone.com/news/malaysia/bank-negara-1mdb-breached-exchange-controls-three-permissions-revoked 7 March 2016 Bank Negara: 1MDB breached exchange controls, three permissions revoked AsiaOne 1MDB acknowledges BNM's right to revoke earlier permissions https://api.nst.com.my/news/2015/10/1mdb-acknowledges-bnm%E2%80%99s-right-revoke-earlier-permissions 1 March 2016 NST Online 9 October 2015 23 August 2024 https://web.archive.org/web/20240823190942/https://api.nst.com.my/news/2015/10/1mdb-acknowledges-bnm%E2%80%99s-right-revoke-earlier-permissions live Bank Negara then called for the Attorney General to begin criminal prosecution of 1MDB after completing its own investigations into 1MDB fund transfers.Bank Negara urges criminal prosecution of 1MDB http://www.themalaysianinsider.com/malaysia/article/bank-negara-says-probe-shows-1mdb-got-permissions-based-on-inaccurate-discl https://web.archive.org/web/20160304035313/http://www.themalaysianinsider.com/malaysia/article/bank-negara-says-probe-shows-1mdb-got-permissions-based-on-inaccurate-discl 4 March 2016 1 March 2016BNM recommends criminal prosecution against 1MDB http://www.thesundaily.my/news/1576971 1 March 2016 12 June 2018 https://web.archive.org/web/20180612144038/http://www.thesundaily.my/news/1576971 live 1MDB responded that they were unable to repatriate the $1.83 billion demanded by Bank Negara because the funds had already been utilized.1MDB unable to repatriate US$1.83b ordered by Bank Negara http://www.malaysiakini.com/news/315238 1 March 2016 Malaysiakini 9 October 2015 23 February 2023 https://web.archive.org/web/20230223201216/https://www.malaysiakini.com/news/315238 live Police reports The scandal took a dramatic twist on 28 August 2015 when a member of Najib Razak's own UMNO party filed a civil suit against him alleging a breach of duties as trustee, and that he defrauded party members by failing to disclose receipt of the donated funds and account for their use.Umno member files lawsuit against Malaysia PM Najib Channel NewsAsia http://www.channelnewsasia.com/news/asiapacific/umno-member-files-lawsuit/2082076.html 27 September 2015 24 January 2017 https://web.archive.org/web/20170124120106/http://www.channelnewsasia.com/news/asiapacific/umno-member-files-lawsuit/2082076.html This suit was filed in the Kuala Lumpur High Court and also named party executive secretary Abdul Rauf Yusof. Expressing fear that Najib Razak would wield influence to remove any member of UMNO "for the sole purpose of avoiding liability", the court was also being moved for an injunction to restrain UMNO, its Supreme Council, state liaison body, divisions and branches from removing the nominal plaintiff as a party member pending the determination of the suit. The plaintiff was also seeking a repayment amounting to $650 million, the amount allegedly deposited by Najib to a Singapore bank, an account of all monies that he had received in the form of donations, details of all monies in an AmPrivate Banking Account, allegedly belonging to Najib, along with damages, costs, and other reliefs.'Umno' sues Najib to retrieve chunk of RM2.6b 28 August 2015 https://www.malaysia-today.net/2015/08/28/sensational-us650m-suit-filed-for-umno-against-najib/ live https://web.archive.org/web/20180126070840/http://www.malaysia-today.net/sensational-us650m-suit-filed-for-umno-against-najib/ 26 January 2018 28 August 2015 One of the UMNO representatives, Anina Saadudin, who filed the lawsuit, was immediately expelled from the party.Anina sacked from Umno http://www.therakyatpost.com/news/2015/09/01/anina-sacked-from-umno/ 27 September 2015 The Rakyat Post 12 June 2018 https://web.archive.org/web/20180612142454/http://www.therakyatpost.com/news/2015/09/01/anina-sacked-from-umno/ Palansamy Yiswaree Kamal Shazwan Mustafa 1 September 2015 Umno expels Langkawi woman rep for suing Najib, party executive secretary confirms https://www.malaymail.com/news/malaysia/2015/09/01/umno-expels-langkawi-woman-rep-party-executive-secretary-confirms/962083 10 April 2023 Malay Mail en 10 April 2023 https://web.archive.org/web/20230410124629/https://www.malaymail.com/news/malaysia/2015/09/01/umno-expels-langkawi-woman-rep-party-executive-secretary-confirms/962083 live Anina: 'I will continue to fight' http://www.thesundaily.my/news/1540638 27 September 2015 12 June 2018 https://web.archive.org/web/20180612145121/http://www.thesundaily.my/news/1540638 live Another police report was filed by a Johor UMNO member, Abdul Rashed Jamaludin, against Najib Razak, over the funds that went into his bank account and other wrongdoings at 1MDB.Now, Johor UMNO member lodges report against Najib over RM2.6 billion http://www.todayonline.com/world/asia/now-johor-umno-member-lodges-report-against-najib-over-rm26-billion 27 September 2015 TODAYonline 23 February 2023 https://web.archive.org/web/20230223204219/https://www.todayonline.com/world/asia/now-johor-umno-member-lodges-report-against-najib-over-rm26-billion live Another UMNO member, Khairuddin Abu Hassan, and his lawyer Matthias Chang, had submitted evidence on the 1MDB scandal to the Swiss attorney general for investigation into whether any Swiss banks had done business with 1MDB.Umno man submits 1MDB evidence to Swiss AG http://www.malaysiakini.com/news/309284 27 September 2015 Malaysiakini 20 August 2015 23 February 2023 https://web.archive.org/web/20230223201220/https://www.malaysiakini.com/news/309284 live 20 August 2015 1MDB whistleblower submits evidence to Swiss prosecutor https://www.malaymail.com/news/malaysia/2015/08/20/1mdb-whistleblower-submits-evidence-to-swiss-prosecutor/955115 10 April 2023 Malay Mail en 10 April 2023 https://web.archive.org/web/20230410124631/https://www.malaymail.com/news/malaysia/2015/08/20/1mdb-whistleblower-submits-evidence-to-swiss-prosecutor/955115 live Khairuddin also lodged a police report in Hong Kong against Najib Razak and Jho Low, pertaining to four companies: Alliance Assets International, Cityfield Enterprises, Bartingale International and Wonder Quest Investment, which had purported dealings with 1MDB.Fuentes Shane 31 August 2015 Khairuddin lodges reports against Najib, Jho Low in HK http://www.freemalaysiatoday.com/category/nation/2015/08/31/khairuddin-lodges-reports-against-najib-jho-low-in-hk/ https://web.archive.org/web/20170920044151/http://www.freemalaysiatoday.com/category/nation/2015/08/31/khairuddin-lodges-reports-against-najib-jho-low-in-hk/ 20 September 2017 27 September 2015 Free Malaysia TodayWestcott Ben 3 September 2015 'These are traitors to the people, God and the country': Former Malaysian official asks Hong Kong police to investigate 1MDB scandal https://www.scmp.com/news/hong-kong/law-crime/article/1854950/these-are-traitors-people-god-and-country-former-malaysian 27 September 2015 South China Morning Post 23 February 2023 https://web.archive.org/web/20230223201225/https://www.scmp.com/news/hong-kong/law-crime/article/1854950/these-are-traitors-people-god-and-country-former-malaysian live Khairuddin and Matthias were barred from leaving Malaysia.Pair who lodged reports on 1MDB barred from leaving M'sia http://www.malaysiakini.com/news/312758 27 September 2015 Malaysiakini 18 September 2015 23 February 2023 https://web.archive.org/web/20230223201209/https://www.malaysiakini.com/news/312758 live Former Umno leader, lawyer allegedly barred from leaving country http://news.asiaone.com/news/malaysia/former-umno-leader-lawyer-allegedly-barred-leaving-country https://web.archive.org/web/20150920184925/http://news.asiaone.com/news/malaysia/former-umno-leader-lawyer-allegedly-barred-leaving-country 20 September 2015 27 September 2015 AsiaOneMurad Dina 18 September 2010 Khairuddin, Matthias Chang allegedly barred from leaving country http://www.thestar.com.my/News/Nation/2015/09/18/Khairuddin-Abu-Hassan-barred-from-leaving-country/ 27 September 2015 The Star Online 24 February 2023 https://web.archive.org/web/20230224081409/https://www.thestar.com.my/news/nation/2015/09/18/khairuddin-abu-hassan-barred-from-leaving-country live Khairuddin and Matthias were charged under the Security Offenses Act (SOSMA) under the pretext of sabotaging Malaysia's banking and financial sector.Shannon Teoh Mahathir, Umno leaders slam prosecution of 1MDB critic and his lawyer http://www.straitstimes.com/asia/se-asia/1mdb-critic-and-his-lawyer-charged-with-attempting-to-sabotage-malaysian-economy 1 March 2016 The Straits Times 12 October 2015 11 December 2015 https://web.archive.org/web/20151211143041/http://www.straitstimes.com/asia/se-asia/1mdb-critic-and-his-lawyer-charged-with-attempting-to-sabotage-malaysian-economy live Fadzil Firdaous 12 October 2015 Khairuddin and Matthias vow to fight on http://www.thestar.com.my/News/Nation/2015/10/12/Khairuddin-Mathias-vow-to-fight-on/ 1 March 2016 The Star Online 24 February 2023 https://web.archive.org/web/20230224113037/https://www.thestar.com.my/news/nation/2015/10/12/khairuddin-mathias-vow-to-fight-on live Marzukhi Hafiz 12 October 2015 Khairuddin, Matthias Chang charged with sabotaging Malaysian banking, financial services http://english.astroawani.com/malaysia-news/khairuddin-matthias-chang-charged-sabotaging-malaysian-banking-financial-services-76133 Astro Awani 12 October 2015 4 May 2020 https://web.archive.org/web/20200504200459/http://english.astroawani.com/malaysia-news/khairuddin-matthias-chang-charged-sabotaging-malaysian-banking-financial-services-76133 live Local lawsuits The opposition People's Justice Party (PKR) filed a lawsuit against Najib Razak, Tengku Adnan Tengku Mansor, 1MDB and the Election Commission accusing them of violating election laws on campaign expenses, using funds from 1MDB.12 August 2015 After WSJ exposé, PKR hauls PM, 1MDB to court for alleged electoral offences http://www.themalaymailonline.com/malaysia/article/after-wsj-expose-pkr-hauls-pm-1mdb-to-court-for-alleged-electoral-offences 1 April 2016 1 April 2018 https://web.archive.org/web/20180401165540/http://www.themalaymailonline.com/malaysia/article/after-wsj-expose-pkr-hauls-pm-1mdb-to-court-for-alleged-electoral-offences live PKR sues Najib over breach of election law in S$914m 'donation' https://www.todayonline.com/world/no-title-31 TODAYonline 28 July 2020 21 September 2020 https://web.archive.org/web/20200921095639/https://www.todayonline.com/world/no-title-31 live However, the Malaysian High Court threw out the suit, stating PKR had no legal standing to bring the suit against Najib and 1MDB.High Court strikes out PKR civil suit against Najib https://www.thestar.com.my/news/nation/2016/01/21/high-court-strikes-out-pkr-civil-suit-against-najib/ www.thestar.com.my 21 January 2016 28 July 2020 21 September 2020 https://web.archive.org/web/20200921075433/https://www.thestar.com.my/news/nation/2016/01/21/high-court-strikes-out-pkr-civil-suit-against-najib/ live Lim Ida 21 January 2016 Court throws out PKRs election overspending lawsuit against Najib over RM2.6b https://www.malaymail.com/article/164943 10 April 2023 Malay Mail en 23 August 2024 https://web.archive.org/web/20240823190812/https://adgebra.co.in/AdServing/PushNativeAds?pid=5826&mkeys=&dcid=9&nads=1&deviceId=1&uid=1231311231&pnToken=ERBqGdwyZH62a3Lrr8Pq&inApp=&slotId=&templateId=&articleTitle=&articleDescp=&chToken=ERBqGdwyZH62a3Lrr8Pq&url=prnh-www.malaymail.com&refUrl=prnh-www.malaymail.com live Former Prime Minister Mahathir has filed a lawsuit against Najib Razak for alleged interference in government investigations on 1MDB and the RM 2.6 billion political donation.23 March 2016 Dr M sues Najib over alleged interference in 1MDB, RM2.6b probes https://www.malaymail.com/article/176576 10 April 2023 Malay Mail en 23 August 2024 https://web.archive.org/web/20240823191325/https://adgebra.co.in/AdServing/PushNativeAds?pid=5826&mkeys=&dcid=9&nads=1&deviceId=1&uid=1231311231&pnToken=ERBqGdwyZH62a3Lrr8Pq&inApp=&slotId=&templateId=&articleTitle=&articleDescp=&chToken=ERBqGdwyZH62a3Lrr8Pq&url=prnh-www.malaymail.com&refUrl=prnh-www.malaymail.com live Holmes Oliver 23 March 2016 Former Malaysian premier Mahathir sues PM Najib over 'abuse of power' https://www.theguardian.com/world/2016/mar/23/former-malaysian-premier-mahathir-sues-pm-najib-over-abuse-of-power The Guardian 16 December 2016 27 March 2023 https://web.archive.org/web/20230327012720/https://www.theguardian.com/world/2016/mar/23/former-malaysian-premier-mahathir-sues-pm-najib-over-abuse-of-power live Adam Shamim 23 March 2016 Malaysia Political Spat Escalates as Former Premier Sues Najib en Bloomberg https://www.bloomberg.com/news/articles/2016-03-23/malaysia-political-spat-escalates-as-former-premier-sues-najib subscription 10 April 2023 23 May 2022 https://web.archive.org/web/20220523112929/https://www.bloomberg.com/news/articles/2016-03-23/malaysia-political-spat-escalates-as-former-premier-sues-najib live Government actions Following criticisms of the 1MDB issue, Deputy Prime Minister Muhyiddin Yassin was removed from office and his position was given to then-Home Minister Ahmad Zahid Hamidi.Sherwell Philip 28 July 2015 Malaysia PM sacks top officials over corruption probe ahead of Cameron visit https://www.telegraph.co.uk/news/worldnews/asia/malaysia/11766990/Malaysia-PM-sacks-top-officials-over-corruption-probe-ahead-of-Cameron-visit.html 30 August 2015 The Daily Telegraph 25 September 2015 https://web.archive.org/web/20150925185857/http://www.telegraph.co.uk/news/worldnews/asia/malaysia/11766990/Malaysia-PM-sacks-top-officials-over-corruption-probe-ahead-of-Cameron-visit.html live 28 July 2015 Malaysian PM Najib Razak sacks deputy after 1MDB graft scandal remarks https://www.smh.com.au/world/malaysian-pm-najib-razak-sacks-deputy-after-1mdb-graft-scandal-remarks-20150728-gim93a.html registration live https://web.archive.org/web/20150801110019/http://m.smh.com.au/world/malaysian-pm-najib-razak-sacks-deputy-after-1mdb-graft-scandal-remarks-20150728-gim93a.html 1 August 2015 30 August 2015 The Sydney Morning Herald Also removed from office was Rural and Regional Development Minister Shafie Apdal who was also critical of the 1MDB issue.Najib's manoeuvre cripples 1MDB probes http://www.malaysiakini.com/news/306441 30 August 2015 Malaysiakini 28 July 2015 23 February 2023 https://web.archive.org/web/20230223201218/https://www.malaysiakini.com/news/306441 live Axed from Cabinet, Shafie says only speaking for grassroots https://www.malaymail.com/news/malaysia/2015/07/28/axed-from-cabinet-shafie-says-only-speaking-for-grassroots/941465 30 August 2015 The Malay Mail 28 July 2015 5 May 2022 https://web.archive.org/web/20220505175908/https://www.malaymail.com/news/malaysia/2015/07/28/axed-from-cabinet-shafie-says-only-speaking-for-grassroots/941465 live Both were eventually expelled from UMNO in June 2016. UMNO members like Ahmad Zahid Hamidi also involved in 1MDB corruption and caused corruption to spread within the PDRM. After the 2018 election, the newly elected prime minister, Mahathir Mohamad, reopened Malaysian investigations into the scandal.Raghu Anuradha Shukry Anisah 12 May 2018 Mahathir Picks Lim as Finance Minister, Returns Zeti to Council https://www.bloomberg.com/news/articles/2018-05-12/malaysian-pm-mahathir-names-lim-guan-eng-as-finance-minister live https://web.archive.org/web/20200422203741/https://www.bloomberg.com/news/articles/2018-05-12/malaysian-pm-mahathir-names-lim-guan-eng-as-finance-minister 22 April 2020 18 May 2018 Bloomberg.com en The attorney general Abdul Gani Patail, who was heading a multi-agency task force investigating claims of misappropriations of funds allegedly involving Najib Razak and 1MDB, was dismissed and his position given to Mohamed Apandi Ali, a former Federal Court judge.Gani Patail no longer Attorney-General, chief secretary says https://www.malaymail.com/news/malaysia/2015/07/28/gani-patail-no-longer-attorney-general-chief-secretary-says/941271 30 August 2015 The Malay Mail 28 July 2015 14 November 2019 https://web.archive.org/web/20191114004958/https://www.malaymail.com/news/malaysia/2015/07/28/gani-patail-no-longer-attorney-general-chief-secretary-says/941271 live Apandi Ali becomes new Attorney-General, replaces Gani Patail http://www.themalaysianinsider.com/malaysia/article/apandi-ali-becomes-new-attorney-general-replaces-gani-patail https://web.archive.org/web/20150831075826/http://www.themalaysianinsider.com/malaysia/article/apandi-ali-becomes-new-attorney-general-replaces-gani-patail 31 August 2015 30 August 2015 The Malaysia InsiderLoshana K. Shagar M. Mageswari 28 July 2015 Mohamed Apandi Ali replaces Gani Patail as Attorney-General https://www.thestar.com.my/news/nation/2015/07/28/gani-patail-terminated The Star en 3 August 2022 23 August 2024 https://web.archive.org/web/20240823191302/https://www.thestar.com.my/news/nation/2015/07/28/gani-patail-terminated live Additionally, the Public Action Committee that was investigating the purported losses in 1MDB was indefinitely postponed due to four of its members being given positions in Najib Razak's cabinet, namely the PAC chairman Nur Jazlan Mohamed, Reezal Merican Naina Merican, Wilfred Madius Tangau and Mas Ermieyati Samsudin.Hamid Hamzah 28 July 2015 Cabinet reshuffled, AG replaced, PAC probe into 1MDB postponed http://english.astroawani.com/malaysia-news/cabinet-reshuffled-ag-replaced-pac-probe-1mdb-postponed-67545 30 August 2015 astroawani.com 4 May 2020 https://web.archive.org/web/20200504200326/http://english.astroawani.com/malaysia-news/cabinet-reshuffled-ag-replaced-pac-probe-1mdb-postponed-67545 live PAC delay allows time to check on 1MDB document tampering, says minister http://www.themalaysianinsider.com/malaysia/article/pac-delay-allows-time-to-check-on-1mdb-document-tampering-says-minister https://web.archive.org/web/20150911045235/http://www.themalaysianinsider.com/malaysia/article/pac-delay-allows-time-to-check-on-1mdb-document-tampering-says-minister 11 September 2015 30 August 2015 The Malaysia InsiderKaur Minderjeet 29 July 2015 1MDB probe to continue as scheduled: PAC Deputy Chairman http://www.nst.com.my/node/93778 30 August 2015 NST Online 29 May 2019 https://web.archive.org/web/20190529021530/https://www.nst.com.my/node/93778 live The news publications The Edge Malaysia and The Edge Financial Daily were suspended, for three months in July 2015 for allegedly publishing false reports about 1MDB issues, by the Malaysian Home Ministry.The Edge weekly, daily suspended for 3 months from July 27 http://www.themalaysianinsider.com/malaysia/article/the-edge-weekly-daily-suspended-for-3-months-from-july-27 https://web.archive.org/web/20150910053043/http://www.themalaysianinsider.com/malaysia/article/the-edge-weekly-daily-suspended-for-3-months-from-july-27 10 September 2015 30 August 2015 The Malaysia InsiderJason Ng 25 July 2015 Malaysia Orders Suspension of Two Publications https://www.wsj.com/articles/malaysia-orders-suspension-of-two-publications-1437733153 30 August 2015 The Wall Street Journal 1 August 2023 https://web.archive.org/web/20230801075503/https://www.wsj.com/articles/malaysia-orders-suspension-of-two-publications-1437733153 live The Edge daily and weekly suspended three months over 1MDB reports https://www.malaymail.com/news/malaysia/2015/07/24/the-edge-daily-and-weekly-suspended-three-months-over-1mdb-reports/939209 30 August 2015 The Malay Mail 24 July 2015 30 April 2020 https://web.archive.org/web/20200430044112/https://www.malaymail.com/amp/news/malaysia/2015/07/24/the-edge-daily-and-weekly-suspended-three-months-over-1mdb-reports/939209 live Also in 2015, the website Sarawak Report was blocked by Malaysian Communications and Multimedia Commission, which regulates Internet services in Malaysia.MCMC confirms Sarawak Report blocked to maintain 'national stability' http://www.themalaysianinsider.com/malaysia/article/mcmc-confirms-sarawak-report-blocked-to-maintain-national-stability https://web.archive.org/web/20150821070642/http://www.themalaysianinsider.com/malaysia/article/mcmc-confirms-sarawak-report-blocked-to-maintain-national-stability 21 August 2015 30 August 2015 The Malaysia InsiderMilmo Cahal 20 July 2015 Why a UK-based whistleblowing website has been blocked in Malaysia https://www.independent.co.uk/news/uk/home-news/sarawak-report-whistleblowing-website-blocked-by-malaysia-after-pm-corruption-allegations-10402770.html live https://web.archive.org/web/20150724184337/https://www.independent.co.uk/news/uk/home-news/sarawak-report-whistleblowing-website-blocked-by-malaysia-after-pm-corruption-allegations-10402770.html 24 July 2015 10 April 2023 The Independent en The Malaysian police also issued an arrest warrant for Clare Rewcastle Brown, who was managing the Sarawak Report, alleging involvement in activities detrimental to parliamentary democracy and disseminating false reports about Prime Minister Najib.Sherwell Philip 5 August 2015 Malaysia issues arrest warrant for Gordon Brown's sister-in-law over allegations about prime minister Najib Razak https://www.telegraph.co.uk/news/worldnews/asia/malaysia/11784140/Malaysia-issues-arrest-warrant-for-Gordon-Browns-sister-in-law-over-allegations-about-prime-minister-Najib-Razak.html 30 August 2015 The Daily Telegraph 7 September 2015 https://web.archive.org/web/20150907023455/http://www.telegraph.co.uk/news/worldnews/asia/malaysia/11784140/Malaysia-issues-arrest-warrant-for-Gordon-Browns-sister-in-law-over-allegations-about-prime-minister-Najib-Razak.html live Interpol alert for Clare Rewcastle Brown in 190 countries http://www.therakyatpost.com/news/2015/08/07/interpol-alert-for-clare-rewcastle-brown-in-190-countries/ https://web.archive.org/web/20150811051619/http://www.therakyatpost.com/news/2015/08/07/interpol-alert-for-clare-rewcastle-brown-in-190-countries/ 11 August 2015 30 August 2015 The Rakyat Post The police also arrested UMNO member Khairuddin Abu Hassan after he lodged police reports in London, Singapore, France and Hong Kong regarding alleged financial improprieties by 1MDB.http://www.themalaysianinsider.com/malaysia/article/cops-nab-khairuddin Cops arrest former Umno man after barring him from leaving country 27 September 2015 https://web.archive.org/web/20150928061406/http://www.themalaysianinsider.com/malaysia/article/cops-nab-khairuddin 28 September 2015http://www.theedgemarkets.com/my/article/cops-arrest-former-umno-man-after-barring-him-leaving-country Cops arrest former Umno man after barring him from leaving country 18 September 2015 27 September 2015 4 March 2016 https://web.archive.org/web/20160304130559/http://www.theedgemarkets.com/my/article/cops-arrest-former-umno-man-after-barring-him-leaving-country liveAfter travel ban, former Penang Umno leader nabbed by cops 18 September 2015 https://www.malaymail.com/news/malaysia/2015/09/18/after-travel-ban-former-penang-umno-leader-nabbed-by-cops/972533 27 September 2015 30 April 2020 https://web.archive.org/web/20200430032928/https://www.malaymail.com/amp/news/malaysia/2015/09/18/after-travel-ban-former-penang-umno-leader-nabbed-by-cops/972533 live According to his lawyer, Khairuddin was going to the United States to meet with the Federal Bureau of Investigation (FBI) to urge them to probe 1MDB over money laundering.http://www.malaysiakini.com/news/312819 NYT: Khairuddin was supposed to meet FBI on 1MDB Malaysiakini 19 September 2015 27 September 2015 23 February 2023 https://web.archive.org/web/20230223201220/https://www.malaysiakini.com/news/312819 liveFuller Thomas 19 September 2015 Malaysia Blocks Critic of Prime Minister From Taking Case to U.S. https://www.nytimes.com/2015/09/19/world/asia/malaysia-blocks-critic-of-prime-minister-from-taking-case-to-us.html 1 March 2016 The New York Times 16 September 2023 https://web.archive.org/web/20230916063624/https://www.nytimes.com/2015/09/19/world/asia/malaysia-blocks-critic-of-prime-minister-from-taking-case-to-us.html live However, the FBI's New York City office confirmed to the WSJ that no agent had arranged to meet Khairuddin or had any previous contact with him.http://www.themalaysianinsider.com/malaysia/article/fbi-begins-probe-into-1mdb-says-wsj FBI begins probe into 1MDB, says WSJ 27 September 2015 https://web.archive.org/web/20150928082005/http://www.themalaysianinsider.com/malaysia/article/fbi-begins-probe-into-1mdb-says-wsj 28 September 2015 Former Kedah Menteri Besar Mukhriz Mahathir resigned his office on 3 February 2016, saying he did so because he had been told by Najib Razak that he was in the wrong by criticising him and 1MDB publicly.http://www.themalaysianinsider.com/malaysia/article/najib-ticked-me-off-about-raising-1mdb-rm2.6-billion-mukhriz-tells-supporte Najib ticked me off over 1MDB, RM2.6 billion, Mukhriz tells supporters 1 March 2016 https://web.archive.org/web/20160216032936/http://www.themalaysianinsider.com/malaysia/article/najib-ticked-me-off-about-raising-1mdb-rm2.6-billion-mukhriz-tells-supporte 16 February 2016Mok Opalyn 3 February 2016 Free from constraints as MB, Mukhriz says will speak out more https://www.malaymail.com/news/malaysia/2016/02/03/free-from-constraints-as-mb-mukhriz-says-will-speak-out-more/1053609 10 April 2023 Malay Mail en 10 April 2023 https://web.archive.org/web/20230410135551/https://www.malaymail.com/news/malaysia/2016/02/03/free-from-constraints-as-mb-mukhriz-says-will-speak-out-more/1053609 live Four months later, in June, Mukhriz was expelled from UMNO. His father, Mahathir Mohamad, who had been Malaysia's fourth prime minister and who had been a Najib supporter since Najib assumed office, withdrew his support and quit UMNO later that same month.Au Eunice 1 March 2016 Mahathir quits Umno, calling it 'Najib's party' https://www.straitstimes.com/asia/se-asia/mahathir-quits-umno-calling-it-najibs-party 10 April 2019 The Straits Times en 12 May 2018 https://web.archive.org/web/20180512071928/https://www.straitstimes.com/asia/se-asia/mahathir-quits-umno-calling-it-najibs-party live Opposition member of parliament Rafizi Ramli was arrested and charged under the Official Secrets Act by the police and the government for leaking information about the Auditor General's report on 1MDB.http://www.abc.net.au/news/2016-04-08/malaysian-opposition-mp-charged-over-1mdb-scandal-related-leak/7312684 Malaysian opposition MP charged over 1MDB scandal-related leak ABC News 8 April 2016 13 April 2016 23 February 2023 https://web.archive.org/web/20230223201216/https://www.abc.net.au/news/2016-04-08/malaysian-opposition-mp-charged-over-1mdb-scandal-related-leak/7312684 livehttp://www.channelnewsasia.com/news/asiapacific/malaysian-opposition-mp/2676698.html Malaysian opposition MP charged over 1MDB leak 13 April 2016 24 January 2017 https://web.archive.org/web/20170124220802/http://www.channelnewsasia.com/news/asiapacific/malaysian-opposition-mp/2676698.htmlhttps://www.todayonline.com/world/asia/malaysian-opposition-mp-arrested-allegedly-disclosing-gs-1mdb-report Malaysian opposition MP arrested for allegedly disclosing A-G's 1MDB report TODAYonline 28 July 2020 21 September 2020 https://web.archive.org/web/20200921104741/https://www.todayonline.com/world/asia/malaysian-opposition-mp-arrested-allegedly-disclosing-gs-1mdb-report live The Home Ministry stated that they and Interpol had been unsuccessful in locating various individuals linked to 1MDB to help in facilitating their investigations, including business tycoon Jho Low, 1MDB's former senior executives Casey Tang Keng Chee and Jasmine Loo Ai Swan, SRC International managing director Nik Faisal Ariff Kamil, and Deutsche Bank country manager Yusof Annuar Yaacob.Sivanandam Hemananthani 17 November 2015 Cops unable to locate key people linked to 1MDB issue http://www.thestar.com.my/News/Nation/2015/11/17/1MDB-police-probe-whereabouts/ subscription 1 March 2016 The Star Online 24 February 2023 https://web.archive.org/web/20230224091423/https://www.thestar.com.my/news/nation/2015/11/17/1mdb-police-probe-whereabouts live Yunus Arfa 17 November 2015 Interpol unable to locate Jho Low, others in 1MDB case http://www.freemalaysiatoday.com/category/nation/2015/11/17/home-ministry-fails-to-locate-jho-low-others-in-1mdb-case/ https://web.archive.org/web/20170919233932/http://www.freemalaysiatoday.com/category/nation/2015/11/17/home-ministry-fails-to-locate-jho-low-others-in-1mdb-case/ 19 September 2017 1 March 2016 Free Malaysia Todayhttp://www.thesundaily.my/news/1613119 Interpol help not sought 1 March 2016 12 June 2018 https://web.archive.org/web/20180612144049/http://www.thesundaily.my/news/1613119 live Internet access was blocked by the Malaysian Communications and Multimedia Commission (MCMC), to websites including Medium.com, a social journalism platform over just a single article posted by Sarawak Report.https://www.engadget.com/2016/01/28/malaysia-medium-block-explainer/ Why has Malaysia blocked Medium? Engadget 28 January 2016 31 January 2016 6 August 2019 https://web.archive.org/web/20190806004925/http://www.engadget.com/2016/01/28/malaysia-medium-block-explainer/ livehttps://medium.com/medium-legal/the-post-stays-up-d222e34cb7e7#.bds366l0b The Post Stays Up 26 January 2016 Medium 31 January 2016 30 January 2016 https://web.archive.org/web/20160130151329/https://medium.com/medium-legal/the-post-stays-up-d222e34cb7e7#.bds366l0b live Another website, Asia Sentinel, was blocked after carrying a Sarawak Report article related to MACC completing a probe that allegedly resulted in 37 charges being drawn up against Najib.http://www.themalaysianinsider.com/malaysia/article/despite-being-blocked-asia-sentinel-says-will-continue-reporting-on-corrupt Despite being blocked, Asia Sentinel says will continue reporting on corruption 1 March 2016 https://web.archive.org/web/20160302020852/http://www.themalaysianinsider.com/malaysia/article/despite-being-blocked-asia-sentinel-says-will-continue-reporting-on-corrupt 2 March 2016http://www.freemalaysiatoday.com/category/nation/2016/01/21/putrajaya-blocks-access-to-asia-sentinel-says-portal/ Putrajaya blocks access to Asia Sentinel, says portal Free Malaysia Today 21 January 2016 1 March 2016 10 January 2018 https://web.archive.org/web/20180110024620/http://www.freemalaysiatoday.com/category/nation/2016/01/21/putrajaya-blocks-access-to-asia-sentinel-says-portal/Berthelsen John 26 February 2016 Najib is Indictable, M'sia's Anti-graft Body Believes http://www.asiasentinel.com/politics/malaysia-antigraft-watchdog-believe-najib-indictable/ 1 March 2016 Asia Sentinel 3 July 2019 https://web.archive.org/web/20190703213635/https://www.asiasentinel.com/politics/malaysia-antigraft-watchdog-believe-najib-indictable/ live The Malaysian Insider was also blocked and its journalists were investigated for carrying a report alleging that the MACC had found enough evidence in its investigations into Najib to charge him for corruption.Naidu Sumisha 26 February 2016 Minister defends Malaysia's free speech, as blocked news portal probed http://www.channelnewsasia.com/news/asiapacific/minister-defends-malaysia/2551188.html https://web.archive.org/web/20170124103524/http://www.channelnewsasia.com/news/asiapacific/minister-defends-malaysia/2551188.html 24 January 2017 1 March 2016 Channel News Asia25 February 2016 Malaysia blocks access to news portal for violating media law Reuters https://www.reuters.com/article/us-malaysia-politics-media-idUSKCN0VY1XL 1 March 2016 31 July 2023 https://web.archive.org/web/20230731093656/https://www.reuters.com/article/us-malaysia-politics-media-idUSKCN0VY1XL live Middleton Rachel 25 February 2016 Malaysia blocks another news portal as 1MDB scandal deepens over oversight panel probing fund https://www.ibtimes.co.uk/malaysia-blocks-another-news-portal-1mdb-scandal-deepens-over-oversight-panel-probing-fund-1546075 1 March 2016 International Business Times UK 1 March 2016 https://web.archive.org/web/20160301021830/http://www.ibtimes.co.uk/malaysia-blocks-another-news-portal-1mdb-scandal-deepens-over-oversight-panel-probing-fund-1546075 live Blocks were removed shortly after the handover of power from Najib's government in the 2018 general election.McBride Blair 29 May 2018 Malaysian government unblocks media sites, raising hopes of new freedoms https://www.efe.com/efe/english/world/malaysian-government-unblocks-media-sites-raising-hopes-of-new-freedoms/50000262-3630936 https://web.archive.org/web/20180529120416/https://www.efe.com/efe/english/world/malaysian-government-unblocks-media-sites-raising-hopes-of-new-freedoms/50000262-3630936 29 May 2018 28 August 2021 EFE Ramifications and debt restructuring default, 2016 The Malaysian Public Accounts Committee (PAC) inquiry into 1MDB revealed that the management of the fund acted without the board's approval and misled auditors several times,http://www.theaustralian.com.au/news/world/1mdb-boss-blamed-by-watchdog-triggering-boards-resignation/news-story/6e49d20875f820238d61b7984969da49 1mdb boss blamed by watchdog triggering boards resignation The AustralianLatiff Rozanna Chow Emily Menon Praveen 7 April 2016 Malaysia parliament report calls for probe into 1MDB Reuters Tarrant Bill https://www.reuters.com/article/us-malaysia-1mdb-idUSKCN0X407M 30 June 2017 28 February 2023 https://web.archive.org/web/20230228102559/https://www.reuters.com/article/us-malaysia-1mdb-idUSKCN0X407M live https://www.malaymail.com/news/malaysia/2016/04/07/pac-report-1mdb-got-special-treatment-from-putrajaya/1095791 PAC report: 1MDB got special treatment from Putrajaya 7 April 2016 The Malay Mail 12 February 2023 12 February 2023 https://web.archive.org/web/20230212174423/https://www.malaymail.com/news/malaysia/2016/04/07/pac-report-1mdb-got-special-treatment-from-putrajaya/1095791 live calling for the police to investigate its former manager.https://www.theguardian.com/world/2016/apr/07/malaysian-parliament-calls-for-probe-into-1mdbs-former-boss Malaysian parliament calls for inquiry into 1MDB's former boss Reuters TheGuardian.com 7 April 2016 16 December 2016 23 February 2023 https://web.archive.org/web/20230223201205/https://www.theguardian.com/world/2016/apr/07/malaysian-parliament-calls-for-probe-into-1mdbs-former-boss livehttps://www.thestar.com.my/news/nation/2016/04/07/1mdb-report-pac-zeroes-in/ 1MDB report: PAC zeroes in on former CEO Shahrol as among the culprits www.thestar.com.my 7 April 2016 28 July 2020 23 August 2024 https://web.archive.org/web/20240823191310/https://www.thestar.com.my/news/nation/2016/04/07/1mdb-report-pac-zeroes-in/ live The PAC also found that the board of directors in which Najib Razak was the chairman failed in giving proper oversight of the fund's finances.https://www.theguardian.com/world/2016/apr/07/malaysia-directors-scandal-1mdb-state-investment-fund-mass-resignation-najib-razak Malaysia: directors of scandal-hit 1MDB state investment fund offer mass resignation The Associated Press in Kuala Lumpur TheGuardian.com 7 April 2016 16 December 2016 23 February 2023 https://web.archive.org/web/20230223201210/https://www.theguardian.com/world/2016/apr/07/malaysia-directors-scandal-1mdb-state-investment-fund-mass-resignation-najib-razak livehttps://www.nytimes.com/2016/04/08/world/asia/malaysia-1mdb-najib-razak-board.html Malaysia Panel Calls for Investigation of Former Head of 1MDB Fund 8 April 2016 The New York Times 1 March 2017 23 February 2023 https://web.archive.org/web/20230223201205/https://www.nytimes.com/2016/04/08/world/asia/malaysia-1mdb-najib-razak-board.html live The 1MDB board of directors immediately submitted their resignations after the PAC findings were made public.https://www.voanews.com/a/board-of-1mdb-resigns-after-parliamentary-report/3274195.html 1MDB Board Resigns After Parliamentary Report Voice of America 20 November 2022 20 November 2022 https://web.archive.org/web/20221120103200/https://www.voanews.com/a/board-of-1mdb-resigns-after-parliamentary-report/3274195.html livehttp://www.abc.net.au/news/2016-04-07/malaysia-parliamentary-inquiry-calls-for-probe-into-ex-1mdb-ceo/7308604 Malaysia 1MDB board offers resignations after inquiry ABC News 7 April 2016 7 April 2016 28 February 2023 https://web.archive.org/web/20230228102559/https://www.abc.net.au/news/2016-04-07/malaysia-parliamentary-inquiry-calls-for-probe-into-ex-1mdb-ceo/7308604 livehttp://www.sltrib.com/home/3750879-155/board-of-troubled-malaysia-fund-offers Board of troubled Malaysia fund offers to resign Eileen Ng The Associated Press 7 April 2016 21 April 2016 https://web.archive.org/web/20160421012956/http://www.sltrib.com/home/3750879-155/board-of-troubled-malaysia-fund-offers live The PAC report stated that US$3.5 billion was paid to a company, Aabar Investments PJS, but IPIC released a statement that neither it or its subsidiary Aabar Investments PJS have any links to a British Virgin Islands-incorporated firm Aabar BVI or received any money from that BVI firm.http://www.freemalaysiatoday.com/category/nation/2016/04/11/ipic-denies-links-with-bvi-incorporated-firm-linked-to-1mdb/ IPIC denies links with BVI-incorporated firm linked to 1MDB 11 April 2016 13 April 2016 14 April 2016 https://web.archive.org/web/20160414105503/http://www.freemalaysiatoday.com/category/nation/2016/04/11/ipic-denies-links-with-bvi-incorporated-firm-linked-to-1mdb/https://www.cnbc.com/2016/04/12/malaysia-fund-1mdbs-payment-to-abu-dhabi-fund-ipic-may-have-ended-up-in-the-movie-business.html 1MDB payment may have ended up in movies Shaffer Leslie CNBC 13 April 2016 8 September 2017 1 August 2023 https://web.archive.org/web/20230801074707/https://www.cnbc.com/2016/04/12/malaysia-fund-1mdbs-payment-to-abu-dhabi-fund-ipic-may-have-ended-up-in-the-movie-business.html livehttp://www.channelnewsasia.com/news/business/international/mystery-deepens-over-us-3/2686164.html Mystery deepens over US$3.5 billion Malaysia's 1MDB sent to BVI entity Reuters Channel NewsAsia 11 April 2016 13 April 2016 https://web.archive.org/web/20160414104636/http://www.channelnewsasia.com/news/business/international/mystery-deepens-over-us-3/2686164.html 14 April 2016 International Petroleum Investment Company made an announcement in a filing in the London Stock Exchange that 1MDB failed to make a US$1.1 billion payment as part of its debt restructuring agreement, and that the debt deal between the two companies has been terminated.https://www.wsj.com/articles/abu-dhabi-fund-1mdb-in-default-over-failure-to-make-1-1-billion-payment-1460971905 Abu Dhabi Fund Calls 1MDB in Default After Missed Payment Hope Bradley Parasie Nicolas 18 April 2016 Wall Street Journal Wright Tom 4 March 2017 16 April 2023 https://web.archive.org/web/20230416172138/https://www.wsj.com/articles/abu-dhabi-fund-1mdb-in-default-over-failure-to-make-1-1-billion-payment-1460971905 livehttps://www.reuters.com/article/us-malaysia-scandal-idUSKCN0XF0YJ UAE fund says Malaysia's 1MDB in default on $1 billion deal 18 April 2016 Reuters 30 June 2017 28 February 2023 https://web.archive.org/web/20230228102556/https://www.reuters.com/article/us-malaysia-scandal-idUSKCN0XF0YJ livehttps://www.cnbc.com/2016/04/18/abu-dhabis-ipic-says-malaysias-1mdb-in-default-on-june-rescue-deal.html Abu Dhabi fund says 1MDB in default on rescue deal CNBC 18 April 2016 8 September 2017 23 March 2023 https://web.archive.org/web/20230323161536/https://www.cnbc.com/2016/04/18/abu-dhabis-ipic-says-malaysias-1mdb-in-default-on-june-rescue-deal.html live Renewed investigations 2018–2021 After the 14th Malaysian general election on 9 May 2018 which marked a historic defeat for the Barisan Nasional coalition led by Najib Razak, Pakatan Harapan formed a new government led by Prime Minister Mahathir Mohamad. The government set up a special task force headed by former Attorney General Tan Sri Abdul Gani Patail to renew investigations into the 1MDB scandal.https://www.thestar.com.my/news/nation/2018/05/21/special-task-force-formed-to-look-into-1mdb/#vlGK8L6AxCe2OxGI.99 Special task force formed to look into 1MDB www.thestar.com.my 21 May 2018 9 June 2018 12 June 2018 https://web.archive.org/web/20180612143558/https://www.thestar.com.my/news/nation/2018/05/21/special-task-force-formed-to-look-into-1mdb/#vlGK8L6AxCe2OxGI.99 live The government barred Najib Razak from leaving the country, and the police seized cash and valuable items amounting to between RM 900 million and RM 1.1 billion ($220 million and $269 million) from residential units linked to Najib and his wife Rosmah Mansor. As claimed by the police, this was the biggest seizure in Malaysian history, with the seized items comprising more than 12,000 pieces of jewelry, 423 valuable watches and 567 handbags made up of 37 luxury brands.10 June 2020 Malaysia's former first lady Rosmah Mansor's seized handbags damaged and government should pay, lawyer tells court https://www.scmp.com/news/asia/southeast-asia/article/3088461/malaysias-former-first-lady-rosmah-mansors-luxury-handbags live https://web.archive.org/web/20240823190730/https://www.scmp.com/news/asia/southeast-asia/article/3088461/malaysias-former-first-lady-rosmah-mansors-luxury-handbags 23 August 2024 24 November 2020 South China Morning Posthttp://www.thesundaily.my/news/2018/05/25/amount-cash-seized-najib-linked-condo-rm114m Amount of cash seized from Najib-linked condo is RM114m www.thesundaily.my en 9 June 2018 12 June 2018 https://web.archive.org/web/20180612144020/http://www.thesundaily.my/news/2018/05/25/amount-cash-seized-najib-linked-condo-rm114m livehttps://www.thestar.com.my/news/nation/2018/06/27/amar-singh-pc-1mdb/ Value of cash and goods seized from Najib-linked residences amounted to about RM1bil (updated) www.thestar.com.my 27 June 2018 27 June 2018 13 July 2018 https://web.archive.org/web/20180713021855/https://www.thestar.com.my/news/nation/2018/06/27/amar-singh-pc-1mdb/ live Najib was subsequently arrested by the MACC.https://www.reuters.com/article/us-malaysia-politics-najib-idUSKBN1JT0WJ Malaysian ex-prime minister Najib arrested in stunning fall from grace 3 July 2018 Reuters 29 May 2019 en In September 2018, he faced 25 charges relating to abuse of power and money laundering amounting to RM 2.3 billion ($556 million), on top of seven charges with criminal breach of trust and power abuse brought against him in the preceding two months.https://www.channelnewsasia.com/news/asia/najib-razak-1mdb-court-statement-anti-graft-agency-headquarters-10738998 Former Malaysian PM Najib Razak claims trial to 25 charges of abuse of power, money laundering Channel NewsAsia 20 September 2018 en-US 20 September 2018 https://web.archive.org/web/20180920042936/https://www.channelnewsasia.com/news/asia/najib-razak-1mdb-court-statement-anti-graft-agency-headquarters-10738998 As of April 2019, he stands with 42 charges. left|thumb|Superyacht Equanimity was seized by Indonesian authorities in 2018 and returned to Malaysia after being allegedly purchased by Jho Low with embezzled 1MDB funds. The government has also issued arrest warrants against Jho Low and former director of SRC International Nik Faisal Ariff Kamil in a graft probe related to the state fund 1MDB.https://www.thestar.com.my/business/business-news/2018/06/07/macc-said-to-plan-arrest-of-jho-low/ MACC issues arrest warrants for Jho Low and Nik Faisal, ex Goldman Sachs banker is next www.thestar.com.my 7 June 2018 9 June 2018 7 June 2018 https://web.archive.org/web/20180607184335/https://www.thestar.com.my/business/business-news/2018/06/07/macc-said-to-plan-arrest-of-jho-low/ live On 28 June 2018, two days before the end of his employment contract, 1MDB sacked its president and chief executive officer Arul Kanda on grounds of dereliction of duties.1MDB sacks Arul Kanda The Edge Market 29 June 2018 http://www.theedgemarkets.com/article/1mdb-sacks-arul-kanda 6 July 2018 6 July 2018 https://web.archive.org/web/20180706162928/http://www.theedgemarkets.com/article/1mdb-sacks-arul-kanda live Media reports from June 2018 also indicate that the MACC froze bank accounts associated with UMNO, purportedly in relation to investigations into the 1MDB matter.https://www.nst.com.my/news/politics/2018/06/385592/macc-has-frozen-supps-account MACC has frozen SUPP's account Goh Pei Pei 29 June 2018 NST Online 26 May 2019 26 May 2019 https://web.archive.org/web/20190526151452/https://www.nst.com.my/news/politics/2018/06/385592/macc-has-frozen-supps-account live In August 2018, Malaysian police filed criminal charges against Jho Low and his father Larry Low over money laundering of US$457 million, which was allegedly stolen from 1MDB and most of the cash used for purchasing the superyacht Equanimity.http://www.theedgemarkets.com/article/malaysia-files-criminal-charges-against-jho-low-absentia Malaysia files criminal charges against Jho Low in absentia 24 August 2018 The Edge Markets 17 September 2018 17 September 2018 https://web.archive.org/web/20180917181624/http://www.theedgemarkets.com/article/malaysia-files-criminal-charges-against-jho-low-absentia livehttps://www.thestar.com.my/news/nation/2018/08/24/report-criminal-charges-filed-against-jho-low-and-his-father/ Report: Criminal charges filed against Jho Low and his father – Nation www.thestar.com.my 24 August 2018 17 September 2018 23 August 2024 https://web.archive.org/web/20240823191314/https://www.thestar.com.my/news/nation/2018/08/24/report-criminal-charges-filed-against-jho-low-and-his-father/ live From 29 October through 28 November 2018, the Equanimity was up for auction by investigators (pending a US$1 million deposit).https://thethaiger.com/news/regional/superyacht-going-cheap-1mdb-investigators-auction-off-seized-boat Superyacht going cheap – 1MDB investigators auction off seized boat 27 October 2018 The Thaiger 1 November 2018 1 November 2018 https://web.archive.org/web/20181101101042/https://thethaiger.com/news/regional/superyacht-going-cheap-1mdb-investigators-auction-off-seized-boat live It was eventually sold to the Genting Group at $126 million.https://www.straitstimes.com/asia/se-asia/malaysia-govt-may-be-forced-to-sell-jho-lows-luxury-equanimity-yacht-at-hefty-discount Malaysia to sell 1MDB-linked superyacht to casino operator Genting for $170 million 3 April 2019 The Straits Times en 10 April 2019 5 April 2019 https://web.archive.org/web/20190405102446/https://www.straitstimes.com/asia/se-asia/malaysia-govt-may-be-forced-to-sell-jho-lows-luxury-equanimity-yacht-at-hefty-discount live In December 2018, the Attorney-General Chambers of Malaysia filed criminal charges against subsidiaries of Goldman Sachs, their former employees Tim Leissner and Roger Ng Chong Hwa, former 1MDB employee Jasmine Loo, and Jho Low in connection with 1MDB bond offerings arranged and underwritten by Goldman Sachs in 2012 and 2013. The prosecutors were seeking criminal fines in excess of $2.7 billion misappropriated from the bonds proceeds, $600 million in fees received by Goldman Sachs, as well as custodial sentences against the individuals accused.https://www.thesundaily.my/local/malaysia-files-charges-against-goldman-over-1mdb-scandal-updated-JI280092 Malaysia files charges against Goldman over 1MDB scandal (Updated) Panirchellvum Vathani www.thesundaily.my en 17 December 2018 17 December 2018 https://web.archive.org/web/20181217165052/https://www.thesundaily.my/local/malaysia-files-charges-against-goldman-over-1mdb-scandal-updated-JI280092 livehttps://www.thestar.com.my/news/nation/2018/12/17/agc-files-criminal-charges-against-subsidiaries-of-goldman-sachs-and-employees/ AGC files criminal charges against subsidiaries of Goldman Sachs and employees www.thestar.com.my 17 December 2018 17 December 2018 17 December 2018 https://web.archive.org/web/20181217120523/https://www.thestar.com.my/news/nation/2018/12/17/agc-files-criminal-charges-against-subsidiaries-of-goldman-sachs-and-employees/ livehttps://www.thestar.com.my/news/nation/2018/12/19/former-goldman-sachs-banker-charged-with-abetting-bank/ Ex-Goldman Sachs banker charged with abetting bank Hamdan Nurbaiti www.thestar.com.my 19 December 2018 20 December 2018 23 August 2024 https://web.archive.org/web/20240823191318/https://www.thestar.com.my/news/nation/2018/12/19/former-goldman-sachs-banker-charged-with-abetting-bank/ live During an investigation into the 1MDB scandal in January 2020, Najib Tun Razak asked the then UAE crown prince, Mohammed Bin Zayed to help fabricate a loan agreement showing his stepson had received financing from IPIC and not from 1MDB in an attempt to cover up the scandal, according to the audio clips revealed by Malaysian anti-corruption officials.https://www.theguardian.com/world/2020/jan/08/1mdb-scandal-malaysias-former-pm-asked-uae-to-fake-evidence 1MDB scandal: Malaysia's former PM 'asked UAE to fake evidence' TheGuardian.com 8 January 2020 15 May 2022 23 August 2024 https://web.archive.org/web/20240823191320/https://www.theguardian.com/world/2020/jan/08/1mdb-scandal-malaysias-former-pm-asked-uae-to-fake-evidence live On 28 July 2020, Najib was found guilty in all seven charges related to SRC and was sentenced to 12 years' jail and a fine of RM 210 million ($49.5 million).Singh Sharanjit Khairulrijal Khairah N. Karim and Rahmat 28 July 2020 Najib sentenced to 12 years' jail, RM210 million fine https://www.nst.com.my/news/crime-courts/2020/07/612343/najib-sentenced-12-years-jail-rm210-million-fine live https://web.archive.org/web/20200729185140/https://www.nst.com.my/news/crime-courts/2020/07/612343/najib-sentenced-12-years-jail-rm210-million-fine 29 July 2020 28 July 2020 NST Online en Respectively on 8 December 2021 and 23 August 2022, the Court of Appeal and the Federal Court upheld the conviction and sentence of Najib in all the SRC cases, in which Najib was found guilty of misappropriating RM42mil from the company's coffers.Court of Appeal upholds Najib's SRC conviction https://www.thestar.com.my/news/nation/2021/12/08/court-of-appeal-upholds-najib039s-src-conviction The Star 8 December 2021 en 24 February 2022 9 December 2021 https://web.archive.org/web/20211209024726/https://www.thestar.com.my/news/nation/2021/12/08/court-of-appeal-upholds-najib039s-src-conviction liveHafiz Yatim 23 August 2022 Najib to go to jail as apex court upholds guilty verdict in SRC final appeal http://www.theedgemarkets.com/article/najib-go-jail-apex-court-upholds-guilty-verdict-src-final-appeal 23 August 2022 The Edge Markets 5 September 2022 https://web.archive.org/web/20220905233934/https://www.theedgemarkets.com/article/najib-go-jail-apex-court-upholds-guilty-verdict-src-final-appeal live On 1 September 2022, Najib's wife Rosmah Mansor was also found guilty of three counts of corruption by the Malaysian High Court and sentenced to both a ten-year term of imprisonment and a RM970 million fine.https://www.straitstimes.com/asia/se-asia/malaysian-court-finds-ex-pms-wife-rosmah-guilty-of-corruption Ex-Malaysian PM Najib's wife Rosmah gets 10 years' jail, fined $303m for corruption The Straits Times Singapore 1 September 2022 1 September 2022 1 September 2022 https://web.archive.org/web/20220901071951/https://www.straitstimes.com/asia/se-asia/malaysian-court-finds-ex-pms-wife-rosmah-guilty-of-corruption live On 26 December 2025, Najib Razak was found guilty on all 25 counts of charges related to over $1.0 billion of 1MDB funds that had made its way into his personal bank accounts. He was sentenced to 15 years in prison and fined $2.8 billion by the High Court of Malaysia, but will appeal the judgement.26 December 2025 Latiff Rozanna Malaysia ex-PM Najib Razak jailed for 15 more years in 1MDB saga's biggest trial https://www.reuters.com/world/asia-pacific/political-stability-stake-malaysias-najib-awaits-verdict-biggest-1mdb-trial-2025-12-26/ 27 December 2025 Reuters en Investigations by foreign law enforcement agencies Australia The Australian fund management company Avestra Asset Management, which managed up to RM 2.32 billion in 1MDB funds, is being liquidated, and is under investigation by the Australian Securities and Investments Commission for reported breaches of the law and potential losses to its members.https://www.cnbc.com/2015/11/03/australia-firm-caught-up-in-1mdb-scandal-report.html Australia firm caught up in 1MDB scandal: Report CNBC 3 November 2015 8 September 2017 28 August 2019 https://web.archive.org/web/20190828051214/https://www.cnbc.com/2015/11/03/australia-firm-caught-up-in-1mdb-scandal-report.html livehttp://www.theaustralian.com.au/business/malaysias-1mdb-scandal-australian-connection-in-malaysia-scandal/story-e6frg8zx-1227580538357 Nocookies The Australian 1 March 2016http://www.ft.com/intl/cms/s/0/b1b8b846-7dff-11e5-93c6-bba4b4b36134.html Caribbean dealings stalk Malaysia's 1MDB Peel Michael O'Murchu Cynthia 30 October 2015 Financial Times Harris Bryan 5 November 2015 7 July 2016 https://web.archive.org/web/20160707015537/http://www.ft.com/intl/cms/s/0/b1b8b846-7dff-11e5-93c6-bba4b4b36134.html live The Australian High Court has ordered five investment schemes run by Avestra to close down after discovering undisclosed related-party transactions, with 13 potential breaches of corporate law and failure to invest according to the fund's individual mandates.http://www.theaustralian.com.au/business/companies/court-shuts-avestra-schemes-linked-to-1mdb-crisis/news-story/7a53ee1fd8fbc4d333da32fa6946aa3e Nocookies The Australian 1 March 2016 22 December 2022 https://web.archive.org/web/20221222022707/https://www.theaustralian.com.au/business/companies/court-shuts-avestra-schemes-linked-to-1mdb-crisis/news-story/7a53ee1fd8fbc4d333da32fa6946aa3e livehttp://www.themalaysianinsider.com/malaysia/article/australia-shuts-down-investment-schemes-run-by-fund-linked-to-1mdb Australia shuts down investment schemes run by fund linked to 1MDB 1 March 2016 https://web.archive.org/web/20160304061254/http://www.themalaysianinsider.com/malaysia/article/australia-shuts-down-investment-schemes-run-by-fund-linked-to-1mdb 4 March 2016 Cyprus Jho Low's Cyprus passport is revoked by a decision of the Cypriot cabinet.5 June 2024 Jho Low's Cypriot passport revoked https://cyprus-mail.com/2024/06/05/jho-lows-cypriot-passport-revoked/ 23 July 2024 cyprus-mail.com en 23 July 2024 https://web.archive.org/web/20240723042155/https://cyprus-mail.com/2024/06/05/jho-lows-cypriot-passport-revoked/ live Hong Kong In 2015, Hong Kong police began investigations regarding $250 million in Credit Suisse branch deposits in Hong Kong linked to Najib Razak and 1MDB.http://www.themalaysianinsider.com/malaysia/article/hong-kong-police-launch-probe-into-us250-million-linked-to-najib/malaysia/article/hong-kong-police-launch-probe-into-us250-million-linked-to-najib Hong Kong police launch probe into US$250 million linked to Najib 27 September 2015 https://web.archive.org/web/20150928090226/http://www.themalaysianinsider.com/malaysia/article/hong-kong-police-launch-probe-into-us250-million-linked-to-najib/malaysia/article/hong-kong-police-launch-probe-into-us250-million-linked-to-najib 28 September 2015https://www.cnbc.com/2015/09/10/1mdb-scandal-hong-kong-police-probe-deposits-allegedly-linked-to-najib-razak.html The growing 1MDB scandal has now spread to Hong Kong Bryan Harris and Michael Peel CNBC 11 September 2015 8 September 2017 12 June 2018 https://web.archive.org/web/20180612162102/https://www.cnbc.com/2015/09/10/1mdb-scandal-hong-kong-police-probe-deposits-allegedly-linked-to-najib-razak.html live Indonesia Indonesia seized the superyacht Equanimity on 28 February 2018 on the island of Bali at the request of the U.S. Department of Justice, as part of a corruption investigation linked to the 1MDB scandal.https://www.thestar.com.my/news/regional/2018/02/28/indonesia-seizes-luxury-yacht-linked-to-1mdb-investigation/ Indonesia seizes luxury yacht linked to 1MDB investigation – ASEAN www.thestar.com.my 28 February 2018 10 August 2018 10 August 2018 https://web.archive.org/web/20180810072624/https://www.thestar.com.my/news/regional/2018/02/28/indonesia-seizes-luxury-yacht-linked-to-1mdb-investigation/ live The Indonesian government returned the yacht to Malaysia in August 2018, following the activation of the Mutual Legal Assistance Treaties between Indonesia, the United States and Malaysia.http://time.com/5359472/malaysia-indonesia-1mdb-yacht/ https://web.archive.org/web/20180807090223/http://time.com/5359472/malaysia-indonesia-1mdb-yacht/ 7 August 2018 Indonesia Returns Yacht in Malaysia's 1MDB Corruption Probe Time en 10 August 2018https://www.thestar.com.my/news/nation/2018/08/07/equanimity-was-properly-seized-under-the-laws-of-malaysia/ Equanimity was properly seized under the laws of Malaysia, says AG www.thestar.com.my 7 August 2018 10 August 2018 8 August 2018 https://web.archive.org/web/20180808123943/https://www.thestar.com.my/news/nation/2018/08/07/equanimity-was-properly-seized-under-the-laws-of-malaysia/ live Kuwait In 2023, Jho Low was sentenced in absentia to 10 years in jail in Kuwait.30 March 2023 Kuwait court sentences Jho Low to 10 years in jail https://www.malaysianow.com/news/2023/03/30/kuwait-court-sentences-jho-low-to-10-years-in-jail 23 July 2024 MalaysiaNow en 24 February 2024 https://web.archive.org/web/20240224133819/https://www.malaysianow.com/news/2023/03/30/kuwait-court-sentences-jho-low-to-10-years-in-jail live Luxembourg State prosecutors in Luxembourg have also started money laundering investigations concerning 1MDB as it involved transfers of several hundred million dollars to an offshore company involving a bank account from Luxembourg.https://www.bloomberg.com/news/articles/2016-03-31/luxembourg-probes-embezzlement-claims-linked-to-malaysia-s-1mdb Luxembourg Prosecutors Look for Embezzlement at Malaysia's 1MDB 31 March 2016 www.bloomberg.com 4 March 2017 4 May 2019 https://web.archive.org/web/20190504023703/https://www.bloomberg.com/news/articles/2016-03-31/luxembourg-probes-embezzlement-claims-linked-to-malaysia-s-1mdb livehttp://www.malaysiakini.com/news/336063 Luxembourg launches money-laundering probe into 1MDB 31 March 2016 31 March 2016 3 April 2019 https://web.archive.org/web/20190403081905/https://www.malaysiakini.com/news/336063 livehttp://www.channelnewsasia.com/news/world/luxembourg-launches-money/2653352.html Luxembourg launches money laundering inquiry into Malaysian state fund Channel NewsAsia 31 March 2016 31 March 2016 https://web.archive.org/web/20160413082823/http://www.channelnewsasia.com/news/world/luxembourg-launches-money/2653352.html 13 April 2016 https://uk.reuters.com/article/malaysia-scandal-singapore/update-2-singapore-seizes-assets-to-take-action-against-major-banks-in-1mdb-probe-idUKL4N1A71RL UPDATE 2-Singapore seizes assets, to take action against major banks in 1MDB probe reuters 21 July 2016 1 January 2020 1 January 2020 https://web.archive.org/web/20200101011810/https://uk.reuters.com/article/malaysia-scandal-singapore/update-2-singapore-seizes-assets-to-take-action-against-major-banks-in-1mdb-probe-idUKL4N1A71RL dead The bank in question is a private bank of the Edmond de Rothschild Group that manages money on behalf of wealthy clients.https://www.wsj.com/articles/edmond-de-rothschild-bank-cooperating-with-luxembourg-1mdb-probe-1459513530 Edmond de Rothschild Bank Cooperating With Luxembourg 1MDB Probe Simon Clark 1 April 2016 Wall Street Journal 4 March 2017 6 March 2019 https://web.archive.org/web/20190306053009/https://www.wsj.com/articles/edmond-de-rothschild-bank-cooperating-with-luxembourg-1mdb-probe-1459513530 livehttps://www.malaysiakini.com/news/336268 Donation or 1MDB funds? Luxembourg probe may uncover missing link 2 April 2016 3 April 2016 25 January 2019 https://web.archive.org/web/20190125081758/https://www.malaysiakini.com/news/336268 livehttp://www.themalaymailonline.com/malaysia/article/report-foreign-authorities-investigating-1mdbs-2012-bond-issue Report: Foreign authorities investigating 1MDB's 2012 bond issue 2 April 2016 3 April 2016 26 September 2017 https://web.archive.org/web/20170926045230/http://www.themalaymailonline.com/malaysia/article/report-foreign-authorities-investigating-1mdbs-2012-bond-issue live Saudi Arabia On 3 August 2015, the Malaysian Anti-Corruption Commission (MACC) declared that the RM 2.6 billion deposited into Prime Minister Najib Razak's personal account originated from donors, not 1MDB. Attorney General Mohamad Apandi Ali attributed the funds to Prince Turki bin Abdullah Al Saud. Prince Turki was one of the 11 princes detained in November 2017.8 November 2017 The Saudi Purge: The Real Reason Behind Mohammed Bin Salman's Unprecedented Crackdown https://www.haaretz.com/middle-east-news/1.821313 14 March 2020 Haaretz 11 November 2017 https://web.archive.org/web/20171111090003/https://www.haaretz.com/middle-east-news/1.821313 dead It was reported in August 2023 that after a trial he was sentenced to 17 years in prison. Seychelles In 2016, the Seychelles's Financial Intelligence Unit announced that it is helping an international investigation into the troubled state fund 1MDB, by providing detailed information relating to offshore entities registered in Seychelles that are related to the international investigation.https://www.reuters.com/article/us-malaysia-scandal-seychelles-exclusive-idUSKCN0XL06J Exclusive: Seychelles says helping worldwide probe into Malaysia's 1MDB fund 24 April 2016 Reuters 30 June 2017 17 February 2019 https://web.archive.org/web/20190217054100/https://www.reuters.com/article/us-malaysia-scandal-seychelles-exclusive-idUSKCN0XL06J livehttp://www.newsunited.com/seychelles-says-helping-worldwide-news/29235499/ Seychelles says helping worldwide probe into 1MDB fund news Newsunited.com 26 August 2017 12 June 2018 https://web.archive.org/web/20180612162156/https://www.newsunited.com/seychelles-says-helping-worldwide-news/29235499/ usurpedhttp://www.malaysiakini.com/news/339008 Seychelles assisting in 1MDB probe 24 April 2016 24 April 2016 3 April 2019 https://web.archive.org/web/20190403073654/https://www.malaysiakini.com/news/339008 live 1MDB has not contested, and appears unlikely to contest, any lawsuit which has arisen from the investigations of foreign investigating authorities.https://www.thestar.com.my/news/nation/2018/03/20/arul-kanda-1mdb/ Arul: More important for 1MDB to settle debts than take legal action The Star Malaysia 20 March 2018 24 March 2018 12 June 2018 https://web.archive.org/web/20180612141842/https://www.thestar.com.my/news/nation/2018/03/20/arul-kanda-1mdb/ live Singapore In Singapore, the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department have seized a number of bank accounts in Singapore for possible money-laundering offences related to investigations into alleged financial mismanagement at 1MDB.http://www.malaysiakini.com/news/329004 Singapore seizes bank accounts in 1MDB probe Malaysiakini February 2016 1 March 2016 11 April 2019 https://web.archive.org/web/20190411031440/https://www.malaysiakini.com/news/329004 livehttp://www.freemalaysiatoday.com/category/nation/2016/02/01/spore-cracks-down-on-money-laundering/ S'pore cracks down on money laundering Free Malaysia Today February 2016 1 March 2016 11 April 2019 https://web.archive.org/web/20190411032938/https://www.freemalaysiatoday.com/category/nation/2016/02/01/spore-cracks-down-on-money-laundering/https://www.bloomberg.com/news/articles/2016-02-01/singapore-seizes-large-number-of-bank-accounts-amid-1mdb-probe Singapore Seizes 'Large Number' of Bank Accounts Amid 1MDB Probe Jasmine Ng 1 February 2016 Bloomberg L.P. 1 March 2016 11 April 2019 https://web.archive.org/web/20190411032641/https://www.bloomberg.com/news/articles/2016-02-01/singapore-seizes-large-number-of-bank-accounts-amid-1mdb-probe live One of the bank accounts frozen belonged to Yak Yew Chee, who was the relationship manager for 1MDB Global Investments Ltd, Aabar Investment PJS Limited and SRC International and Low Taek Jho.http://www.themalaysianinsider.com/malaysia/article/bankers-accounts-said-to-be-frozen-amid-singapores-1mdb-probe Banker's accounts frozen in Singapore's 1MDB probe 1 March 2016 https://web.archive.org/web/20160306191533/http://www.themalaysianinsider.com/malaysia/article/bankers-accounts-said-to-be-frozen-amid-singapores-1mdb-probe 6 March 2016http://www.straitstimes.com/singapore/private-banker-is-first-name-to-emerge-from-singapore-probe-into-1mdb Businessman Jho Low's private banker is first name to emerge from Singapore probe into 1MDB YASMINE YAHYA The Straits Times 2 February 2016 1 March 2016 11 April 2019 https://web.archive.org/web/20190411031433/https://www.straitstimes.com/singapore/private-banker-is-first-name-to-emerge-from-singapore-probe-into-1mdb livehttp://www.channelnewsasia.com/news/singapore/singapore-court-to-hear/2481326.html Singapore court to hear first case related to Government's 1MDB probe Channel NewsAsia 1 March 2016 24 January 2017 https://web.archive.org/web/20170124221443/http://www.channelnewsasia.com/news/singapore/singapore-court-to-hear/2481326.html Singaporean Yeo Jiawei, an ex-BSI banker, has been charged with money laundering and cheating offences as part of the Singapore probe into 1MDB, and Yeo's dealings with firms linked to 1MDB, Brazen Sky Ltd. and Bridge Partners Investment Management.http://www.channelnewsasia.com/news/singapore/ex-bsi-singapore-banker/2779172.html Ex-BSI Singapore banker involved in 1MDB probe faces new charge 13 May 2016 24 January 2017 https://web.archive.org/web/20170124093200/http://www.channelnewsasia.com/news/singapore/ex-bsi-singapore-banker/2779172.htmlhttps://www.bloomberg.com/news/articles/2016-05-12/singapore-brings-7th-charge-against-ex-bsi-banker-in-1mdb-probe Singapore Brings 7th Charge Against Ex-BSI Banker in 1MDB Probe Bloomberg News 12 May 2016 4 March 2017 11 April 2019 https://web.archive.org/web/20190411032933/https://www.bloomberg.com/news/articles/2016-05-12/singapore-brings-7th-charge-against-ex-bsi-banker-in-1mdb-probe live A second individual, Kelvin Ang Wee Keng, was charged with corruption in connection with the Singaporean investigation into 1MDB.http://www.straitstimes.com/business/companies-markets/singaporean-kelvin-ang-charged-in-1mdb-probe-out-on-bail Singaporean Kelvin Ang, charged in 1MDB probe, out on bail The Straits Times 9 May 2016 13 May 2016 11 April 2019 https://web.archive.org/web/20190411031445/https://www.straitstimes.com/business/companies-markets/singaporean-kelvin-ang-charged-in-1mdb-probe-out-on-bail livehttp://www.theedgemarkets.com/sg/article/second-1mdb-probe-linked-accused-kelvin-ang-offered-bail-100000 Second 1MDB probe-linked accused Kelvin Ang offered bail at $100,000 13 May 2016 10 June 2016 https://web.archive.org/web/20160610235136/http://www.theedgemarkets.com/sg/article/second-1mdb-probe-linked-accused-kelvin-ang-offered-bail-100000 dead According to a joint statement from the Attorney General's Chambers and the Monetary Authority of Singapore, assets totalling S$240 million have been seized during their investigations into 1MDB.https://www.wsj.com/articles/singapore-finds-lapses-at-banks-related-to-1mdb-funds-1469085609 Singapore Finds Lapses Related to 1MDB Funds at Banks Jake Maxwell Watts P. R. Venkat 21 July 2016 Wall Street Journal 4 March 2017 11 April 2019 https://web.archive.org/web/20190411031436/https://www.wsj.com/articles/singapore-finds-lapses-at-banks-related-to-1mdb-funds-1469085609 livehttp://www.channelnewsasia.com/news/business/assets-worth-s-240m/2974676.html Assets worth S$240m seized as part of Singapore's 1MDB probe 21 July 2016 25 January 2017 https://web.archive.org/web/20170125043412/http://www.channelnewsasia.com/news/business/assets-worth-s-240m/2974676.html Of the bank accounts and properties seized were S$120 million belonging to Jho Low and his family.Lai Adrian http://www.nst.com.my/news/2016/07/159726/singapore-authorities-seize-s240-million-assets-linked-1mdb-probe Singapore authorities seize S$240 million in assets linked to 1MDB probe Nst.com.my 21 July 2016 25 September 2017 26 September 2017 https://web.archive.org/web/20170926144134/https://www.nst.com.my/news/2016/07/159726/singapore-authorities-seize-s240-million-assets-linked-1mdb-probe live http://fortune.com/2016/07/21/as-1mdb-scandal-unravels-singapore-seizes-177-million-in-assets/ As 1MDB Scandal Unravels, Singapore Seizes $177 Million in Assets 21 July 2016 21 July 2016 11 April 2019 https://web.archive.org/web/20190411031431/http://fortune.com/2016/07/21/as-1mdb-scandal-unravels-singapore-seizes-177-million-in-assets/ livehttps://www.scmp.com/news/asia/southeast-asia/article/1992738/singapore-financial-institutions-were-used-dubious-1mdb Singapore financial institutions were used for dubious 1MDB deals, monetary authority says, citing 'serious lapses' 21 July 2016 South China Morning Post 28 July 2020 21 September 2020 https://web.archive.org/web/20200921074811/https://www.scmp.com/news/asia/southeast-asia/article/1992738/singapore-financial-institutions-were-used-dubious-1mdb live In March 2017, MAS issued a 10-year prohibition order against former Goldman Sachs banker Tim Leissner for making false statements on behalf of his bank without its knowledge.https://www.channelnewsasia.com/news/singapore/mas-bars-former-goldman-sachs-banker-from-trading-in-singapore-o-8764428 MAS bars former Goldman Sachs banker from trading in Singapore over 1MDB-related breaches Channel NewsAsia en 20 December 2018 20 December 2018 https://web.archive.org/web/20181220231110/https://www.channelnewsasia.com/news/singapore/mas-bars-former-goldman-sachs-banker-from-trading-in-singapore-o-8764428 The prohibition order, which prevents him from performing any regulated activity under the Securities and Futures Act and from managing any capital market services firm in Singapore, was extended in December 2018 from 10 years to lifetime after he admitted to charges related to an investigation into the 1MDB scandal.https://www.channelnewsasia.com/news/singapore/mas-bans-former-goldman-sachs-banker-tim-leissner-1mdb-11045784 Singapore central bank bans former Goldman Sachs director Tim Leissner for life Channel NewsAsia en 20 December 2018 20 December 2018 https://web.archive.org/web/20181220134713/https://www.channelnewsasia.com/news/singapore/mas-bans-former-goldman-sachs-banker-tim-leissner-1mdb-11045784https://www.straitstimes.com/business/banking/mas-slaps-lifetime-ban-on-ex-goldman-banker-tim-leissner-in-1mdb-scandal Ex-Goldman Sachs banker Tim Leissner banned for life by MAS over role in 1MDB scandal 19 December 2018 The Straits Times en 20 December 2018 20 December 2018 https://web.archive.org/web/20181220142518/https://www.straitstimes.com/business/banking/mas-slaps-lifetime-ban-on-ex-goldman-banker-tim-leissner-in-1mdb-scandal live In September 2018, the Singapore State Courts granted the return of 1MDB monies with a total value of S$15.3 million to Malaysia while solicitors for the Malaysian government stated that efforts to recover other unlawfully misappropriated assets were ongoing.https://www.thestar.com.my/news/nation/2018/09/10/guan-eng-rm46mil-1mdblinked-funds-from-singapore-is-just-tip-of-the-iceberg/ Guan Eng: RM46mil 1MDB-linked funds from Singapore is just 'tip of the iceberg' www.thestar.com.my 10 September 2018 11 September 2018 10 September 2018 https://web.archive.org/web/20180910132401/https://www.thestar.com.my/news/nation/2018/09/10/guan-eng-rm46mil-1mdblinked-funds-from-singapore-is-just-tip-of-the-iceberg/ livehttps://www.thestar.com.my/news/nation/2018/09/11/spore-returns-1mdb-funds-s153mil-to-be-remitted-into-special-bank-account-in-kl/ S'pore returns 1MDB funds www.thestar.com.my 11 September 2018 11 September 2018 11 September 2018 https://web.archive.org/web/20180911034546/https://www.thestar.com.my/news/nation/2018/09/11/spore-returns-1mdb-funds-s153mil-to-be-remitted-into-special-bank-account-in-kl/ live Switzerland Swiss authorities under the direction of the Office of the Attorney General of Switzerland began to freeze bank accounts amounting to several million US dollars linked to 1MDB.http://www.freemalaysiatoday.com/category/nation/2015/09/02/swiss-freeze-millions-amid-1mdb-fund-probe/ Swiss freeze millions amid 1MDB fund probe Free Malaysia Today 27 September 2015 https://web.archive.org/web/20150925143001/http://www.freemalaysiatoday.com/category/nation/2015/09/02/swiss-freeze-millions-amid-1mdb-fund-probe/ 25 September 2015https://www.wsj.com/articles/swiss-authorities-freeze-tens-of-millions-of-dollars-linked-to-malaysian-fund-1441202360 Swiss Authorities Freeze Millions of Dollars Linked to Malaysian Fund 1MDB John Revill 2 September 2015 The Wall Street Journal 27 September 2015 12 April 2019 https://web.archive.org/web/20190412083841/https://www.wsj.com/articles/swiss-authorities-freeze-tens-of-millions-of-dollars-linked-to-malaysian-fund-1441202360 livehttps://www.reuters.com/article/malaysia-1mdb-swiss-idUSZ8N0YQ02D20150902 Swiss freeze millions amid Malaysian 1MDB fund probe Reuters 27 September 2015 30 December 2018 https://web.archive.org/web/20181230181208/https://www.reuters.com/article/malaysia-1mdb-swiss-idUSZ8N0YQ02D20150902 live The Swiss attorney general's office said its investigation revealed indications that funds estimated to be US$4 billion may have been misappropriated and said it was looking into four cases of potential criminal conduct.https://www.wsj.com/articles/swiss-attorney-general-expresses-concern-over-halt-of-malaysian-1mdb-probe-1454083061 Swiss Prosecutors Investigating 1MDB Say Malaysia Funds Were Diverted John Revill 30 January 2016 The Wall Street Journal 1 March 2016 13 September 2018 https://web.archive.org/web/20180913063103/https://www.wsj.com/articles/swiss-attorney-general-expresses-concern-over-halt-of-malaysian-1mdb-probe-1454083061 livehttp://www.ft.com/intl/cms/s/0/27bbaa06-c6e6-11e5-b3b1-7b2481276e45.html 1MDB: Swiss probe finds 'indications' of $4bn being misappropriated Jeevan Vasagar 30 January 2016 Financial Times 30 January 2016 3 March 2021 https://web.archive.org/web/20210303184842/https://www.ft.com/content/27bbaa06-c6e6-11e5-b3b1-7b2481276e45 live The Swiss prosecutor has said that money had been deposited into Swiss bank accounts of former Malaysian public officials and current and former officials of United Arab Emirates.http://www.freemalaysiatoday.com/category/nation/2016/01/30/swiss-us4bn-believed-embezzled-from-1mdb/ Swiss: US$4bn believed embezzled from 1MDB Free Malaysia Today 30 January 2016 1 March 2016 12 April 2019 https://web.archive.org/web/20190412101819/https://www.freemalaysiatoday.com/category/nation/2016/01/30/swiss-us4bn-believed-embezzled-from-1mdb/https://www.bbc.com/news/world-asia-35447174 Malaysia 1MDB scandal: Investigators say about $4bn may be missing from fund BBC News 30 January 2016 1 March 2016 12 April 2019 https://web.archive.org/web/20190412100630/https://www.bbc.com/news/world-asia-35447174 livehttp://www.nasdaq.com/article/swiss-suspect-4-billion-misappropriated-in-malaysia-1mdb-case-20160129-00891 Swiss Suspect $4 Billion Misappropriated in Malaysia 1MDB Case 29 January 2016 NASDAQ.com 1 March 2016 6 March 2016 https://web.archive.org/web/20160306133425/http://www.nasdaq.com/article/swiss-suspect-4-billion-misappropriated-in-malaysia-1mdb-case-20160129-00891 live Swiss Financial Market Supervisory Authority (Finma) has begun investigations into several Swiss banks as part of the money laundering probe involving 1MDB.https://www.wsj.com/articles/swiss-banks-at-risk-of-harboring-corruption-proceeds-says-regulator-1460021360 Swiss Banks at Risk of Harboring Corruption Proceeds, Says Regulator John Letzing 7 April 2016 Wall Street Journal 4 March 2017 12 April 2019 https://web.archive.org/web/20190412083851/https://www.wsj.com/articles/swiss-banks-at-risk-of-harboring-corruption-proceeds-says-regulator-1460021360 livehttps://www.malaysiakini.com/news/336979 Swiss financial regulator calls 1MDB and Petrobras cases 'clear corruption' 7 April 2016 7 April 2016 12 April 2019 https://web.archive.org/web/20190412083844/https://www.malaysiakini.com/news/336979 livehttps://www.bloomberg.com/news/articles/2016-04-07/swiss-regulator-probing-1mdb-petrobras-on-multiple-fronts Swiss Regulator Probes Panama Alongside 1MDB, Petrobras Jeffrey Voegeli Hugo Miller Bloomberg News 7 April 2016 4 March 2017 12 April 2019 https://web.archive.org/web/20190412083842/https://www.bloomberg.com/news/articles/2016-04-07/swiss-regulator-probing-1mdb-petrobras-on-multiple-fronts live On 15 March 2018, the Swiss parliament rejected a motion to return seized monies from their investigations into 1MDB to the Malaysian people, as had been lobbied for by Swiss politicians and non-governmental bodies.http://www.straitstimes.com/asia/se-asia/swiss-parliament-rejects-call-to-return-1mdb-profits-to-malaysia/ Swiss parliament rejects call to return 1MDB profits to Malaysia The Straits Times Singapore 16 March 2018 16 March 2018 12 April 2019 https://web.archive.org/web/20190412083854/https://www.straitstimes.com/asia/se-asia/swiss-parliament-rejects-call-to-return-1mdb-profits-to-malaysia live However, on 10 July 2018, Swiss Attorney General Michael Lauber de indicated that Switzerland would not enrich itself by keeping illicit or stolen assets and be able to have the monies returned by legal obligations.https://www.thestar.com.my/news/nation/2018/07/11/1mdblinked-funds-will-be-returned-switzerland-will-not-enrich-itself-by-keeping-illicit-or-stolen-as/ Swiss AG: '1MDB-linked funds will be returned' – Nation www.thestar.com.my 11 July 2018 11 July 2018 11 July 2018 https://web.archive.org/web/20180711151956/https://www.thestar.com.my/news/nation/2018/07/11/1mdblinked-funds-will-be-returned-switzerland-will-not-enrich-itself-by-keeping-illicit-or-stolen-as/ live On 25 April 2023, Swiss prosecutors indicted 2 managers of Saudi oil company Petrosaudi.25 April 2023 Swiss indict 2 managers of Saudi oil company in 1MDB scandal https://apnews.com/article/1mdb-scandal-malaysia-fund-petrosaudi-najib-bc352dbae28cbda44f6349b6705904d9 23 July 2024 AP News en They were put on trial in April 2024.2 April 2024 Trial over $1.8bn fraud at Malaysia's 1MDB opens in Switzerland https://www.france24.com/en/live-news/20240402-trial-over-1-8-bn-fraud-at-malaysia-s-1mdb-opens-in-switzerland 23 July 2024 France 24 en 23 July 2024 https://web.archive.org/web/20240723015948/https://www.france24.com/en/live-news/20240402-trial-over-1-8-bn-fraud-at-malaysia-s-1mdb-opens-in-switzerland live United Arab Emirates The United Arab Emirates imposed travel bans on, froze the bank accounts of, and subsequently arrested Khadem al-Qubaisi, the former managing director of the Abu Dhabi sovereign-wealth fund International Petroleum Investment Company, and Mohammed Badawy al-Husseiny, his deputy and CEO of its subsidiary Aabar Investments.Both individuals had close ties to 1MDB and utilized the British Virgin Islands-based Aabar Investments PJS to channel money from 1MDB into various accounts and companies globally.2 April 2016 UAE bans travel, freezes ex-IPIC execs' assets in 1MDB probe https://www.malaysiakini.com/news/336216 3 April 2016 12 June 2018 https://web.archive.org/web/20180612162107/https://www.malaysiakini.com/news/336216 live Hope Bradley Clark Simon Ngui Yantoultra 1 April 2016 Authorities Investigating Malaysia's 1MDB Fund Focusing on Bond Proceeds https://www.wsj.com/articles/authorities-investigating-malaysias-1mdb-fund-focusing-on-bond-proceeds-1459541896 Wall Street Journal 4 March 2017 19 October 2020 https://web.archive.org/web/20201019074650/https://www.wsj.com/articles/authorities-investigating-malaysias-1mdb-fund-focusing-on-bond-proceeds-1459541896 live In 2019, al-Qubaisi and al-Husseiny were sentenced in Abu Dhabi to 15 and 10 years in prison, respectively.Hope Bradley 16 June 2019 Alleged 1MDB Co-Conspirators Sentenced to Prison https://www.wsj.com/articles/alleged-1mdb-co-conspirators-sentenced-to-prison-11560677550 live 16 July 2024 13 January 2024 https://web.archive.org/web/20240113044720/https://www.wsj.com/articles/alleged-1mdb-co-conspirators-sentenced-to-prison-11560677550 In an interview with The Wall Street Journal, al-Qubaisi said he was made a “scapegoat” by Mansour bin Zayed,Alleged 1MDB Conspirator Says He Is a Scapegoat for Emiratis https://www.wsj.com/articles/alleged-1mdb-conspirator-says-he-is-a-scapegoat-for-emiratis-11548239402 The Wall Street Journal 23 January 2019 5 July 2025 23 August 2024 https://web.archive.org/web/20240823190758/https://www.wsj.com/articles/alleged-1mdb-conspirator-says-he-is-a-scapegoat-for-emiratis-11548239402 live who has been listed as the “co-conspirator” in the case by the US prosecutors. The prosecutors found that Sheikh Mansour owned the superyacht Topaz, which was partly acquired using 1MDB funds. Evidence revealed that a loan of $161 million of the Emirati Sheikh’s $688 million yacht was repaid through 1MDB funds. Mansour faced no charges related to the 1MDB scandal.The Sheikh Who Conquered Soccer and Coddles Warlords https://www.nytimes.com/2025/06/29/world/middleeast/emirates-manchester-city-soccer-sudan.html The New York Times 29 June 2025 5 July 2025 1 July 2025 https://web.archive.org/web/20250701051059/https://www.nytimes.com/2025/06/29/world/middleeast/emirates-manchester-city-soccer-sudan.html live His two firms, IPIC and Aabar agreed to repay $1.8 billion to Malaysia.Two Abu Dhabi state funds agree $1.8bn 1MDB settlement https://www.ft.com/content/449dcd72-6610-4c2c-af9c-58860229980b The Financial Times 27 February 2023 5 July 2025 30 April 2023 https://web.archive.org/web/20230430210340/https://www.ft.com/content/449dcd72-6610-4c2c-af9c-58860229980b live United Kingdom In September 2020, the U.S. Department of Justice initiated civil forfeiture proceedings against funds held by law firm Clyde & Co in London, United Kingdom. The US$330 million were misappropriated 1MDB money, apparently intended for an oil project in Venezuela that later failed.Davies Harry 18 September 2020 US moves to seize $330m of alleged 1MDB assets held by UK law firm https://www.theguardian.com/world/2020/sep/18/us-moves-to-seize-330m-of-alleged-1mdb-assets-held-by-uk-law-firm 18 September 2020 23 August 2024 https://web.archive.org/web/20240823191329/https://www.theguardian.com/world/2020/sep/18/us-moves-to-seize-330m-of-alleged-1mdb-assets-held-by-uk-law-firm live 3 August 2020 $340m in London law firm's account suspected of 1MDB connection http://www.theguardian.com/world/2020/aug/03/340m-in-london-law-firms-account-suspected-of-1mdb-connection 24 April 2022 The Guardian en 23 August 2024 https://web.archive.org/web/20240823191330/https://www.theguardian.com/world/2020/aug/03/340m-in-london-law-firms-account-suspected-of-1mdb-connection live United States thumb|upright|Riza Aziz, co-founder of Red Granite Pictures The Wall Street Journal reported in 2015 that the Federal Bureau of Investigation had begun investigations into money laundering involving 1MDB.https://www.wsj.com/articles/fbi-probes-malaysia-development-fund-1442694963 FBI Probes Malaysia Development Fund Bradley Hope 19 September 2015 The Wall Street Journal 27 September 2015 4 May 2019 https://web.archive.org/web/20190504022149/https://www.wsj.com/articles/fbi-probes-malaysia-development-fund-1442694963 livehttp://www.thesundaily.my/news/1557856 FBI investigates 1MDB 27 September 2015 12 June 2018 https://web.archive.org/web/20180612143620/http://www.thesundaily.my/news/1557856 livehttps://www.asiaone.com/malaysia/fbi-launches-investigation-malaysian-state-fund-1mdb-wsj FBI launches investigation into Malaysian state fund 1MDB: WSJ AsiaOne 20 September 2015 27 September 2015 23 October 2017 https://web.archive.org/web/20171023104608/http://www.asiaone.com/malaysia/fbi-launches-investigation-malaysian-state-fund-1mdb-wsj live The international corruption unit of the US Department of Justice (DOJ) began a probe into property purchases in the United States involving Najib Razak's stepson Riza Aziz and the transfer of millions of dollars into Najib Razak's personal account.https://www.theguardian.com/world/2015/sep/22/us-investigators-launch-probes-into-scandal-hit-malaysian-pm-najib-razak US investigators launch probes into scandal-hit Malaysian Najib Razak Oliver Holmes The Guardian 22 September 2015 27 September 2015 4 May 2019 https://web.archive.org/web/20190504022149/https://www.theguardian.com/world/2015/sep/22/us-investigators-launch-probes-into-scandal-hit-malaysian-pm-najib-razak livehttps://www.wsj.com/articles/malaysia-leader-najib-razaks-assets-probed-by-us-1442844760?tesla=y Malaysia Leader Najib Razak's Assets Probed by U.S. Christopher Matthews Bradley Hope 22 September 2015 The Wall Street Journal 27 September 2015 6 March 2019 https://web.archive.org/web/20190306051358/https://www.wsj.com/articles/malaysia-leader-najib-razaks-assets-probed-by-us-1442844760?tesla=y live The probe was looking at properties purchased by shell companies belonging to Riza Aziz and close family friend Jho Low.http://www.straitstimes.com/asia/se-asia/malaysian-pm-najib-faces-us-corruption-inquiry Malaysian PM Najib faces US corruption inquiry The Straits Times 22 September 2015 27 September 2015 4 May 2019 https://web.archive.org/web/20190504022157/https://www.straitstimes.com/asia/se-asia/malaysian-pm-najib-faces-us-corruption-inquiry livehttps://www.cnbc.com/2015/09/22/najib-razak-faces-us-doj-corruption-probe-on-times-warner-centre.html Malaysia's Najib faces US property probe Louise Story CNBC 22 September 2015 8 September 2017 4 May 2019 https://web.archive.org/web/20190504022148/https://www.cnbc.com/2015/09/22/najib-razak-faces-us-doj-corruption-probe-on-times-warner-centre.html live Investment banks such as JPMorgan Chase & Co., Deutsche Bank AG and Wells Fargo were asked by the DOJ to retain and turn over records that might be related to improper transfers from 1MDB.http://www.freemalaysiatoday.com/category/nation/2016/04/01/1mdb-us-asks-deutsche-jpmorgan-to-give-details-on-dealings/ 1MDB: US asks Deutsche, JPMorgan to give details on dealings 1 April 2016 1 April 2016 4 May 2019 https://web.archive.org/web/20190504023657/https://www.freemalaysiatoday.com/category/nation/2016/04/01/1mdb-us-asks-deutsche-jpmorgan-to-give-details-on-dealings/https://www.bloomberg.com/news/articles/2016-04-01/jpmorgan-wells-fargo-asked-by-u-s-to-save-records-tied-to-1mdb U.S. Asks JPMorgan, Wells Fargo to Save Records Tied to 1MDB Keri Geiger GeigerWire Elffie Chew Bloomberg News April 2016 4 March 2017 4 May 2019 https://web.archive.org/web/20190504022148/https://www.bloomberg.com/news/articles/2016-04-01/jpmorgan-wells-fargo-asked-by-u-s-to-save-records-tied-to-1mdb livehttp://www.theaustralian.com.au/news/latest-news/us-asks-for-details-on-1mdb-dealings/news-story/a7379d845206fba743a89ffdfc37abf8 Banks in firing line over Malaysia fund 1 April 2016 The Australian The FBI issued subpoenas to several past and present employees of film production company Red Granite Pictures, co-founded by Riza Aziz, also its chairman, in regards to allegations that US$155 million was diverted from 1MDB to help finance the 2013 film The Wolf of Wall Street.https://www.wsj.com/articles/malaysias-1mdb-the-secret-money-behind-the-wolf-of-wall-street-1459531987 The Secret Money Behind 'The Wolf of Wall Street' Bradley Hope John R. Emshwiller Ben Fritz 1 April 2016 Wall Street Journal 4 March 2017 26 June 2017 https://web.archive.org/web/20170626052233/https://www.wsj.com/articles/malaysias-1mdb-the-secret-money-behind-the-wolf-of-wall-street-1459531987 livehttp://www.channelnewsasia.com/news/asiapacific/malaysia-s-1mdb-financed/2659892.html Malaysia's 1MDB refutes report that it financed 'Wolf of Wall Street': Statement 3 April 2016 25 January 2017 https://web.archive.org/web/20170125033713/http://www.channelnewsasia.com/news/asiapacific/malaysia-s-1mdb-financed/2659892.htmlhttp://www.theedgemarkets.com/article/fbi-probes-1mdb-red-granite-us155m-financing-claim-wsj FBI probes 1MDB-Red Granite US$155m financing claim – WSJ 2 April 2016 The Edge Markets 28 July 2020 26 September 2020 https://web.archive.org/web/20200926220106/https://www.theedgemarkets.com/article/fbi-probes-1mdb-red-granite-us155m-financing-claim-wsj livehttps://www.inquisitr.com/2954717/the-wolf-of-wall-street-financial-scandal-in-malaysia/ 'The Wolf Of Wall Street' Financed By Wolf Of Malaysia? www.inquisitr.com 2 April 2016 28 July 2020 1 October 2020 https://web.archive.org/web/20201001053304/https://www.inquisitr.com/2954717/the-wolf-of-wall-street-financial-scandal-in-malaysia/ live Also under scrutiny by the FBI and DOJ was the role of global investment bank Goldman Sachs in alleged money laundering and corruption.https://www.wsj.com/articles/goldman-entangled-in-malaysia-fund-scandal-1444795262 U.S. Examines Goldman Sachs Role in 1MDB Transactions Mia Lamar Bradley Hope Justin Baer 14 October 2015 The Wall Street Journal 1 March 2016 23 February 2023 https://web.archive.org/web/20230223202718/https://www.wsj.com/articles/goldman-entangled-in-malaysia-fund-scandal-1444795262 live https://www.reuters.com/article/us-malaysia-1mdb-goldman-sachs-idUSKCN0S80HL20151014 Goldman Sachs under FBI, DOJ scrutiny over 1MDB probe: WSJ Reuters Editorial 14 October 2015 Reuters 1 March 2016http://economictimes.indiatimes.com/news/international/business/goldman-sachs-under-fbi-us-department-of-justice-scrutiny-over-1mdb-probe-wall-street-journal/articleshow/49347758.cms Goldman Sachs under FBI, US Department of Justice scrutiny over 1MDB probe: Wall Street Journal The Economic Times 1 March 2016 3 January 2017 https://web.archive.org/web/20170103120818/http://economictimes.indiatimes.com/news/international/business/goldman-sachs-under-fbi-us-department-of-justice-scrutiny-over-1mdb-probe-wall-street-journal/articleshow/49347758.cms live The FBI probed the connection between Najib and a regional top executive of Goldman Sachs, and the nature of the latter's involvement in multibillion-dollar deals with 1MDB. http://investvine.com/1mdb-scandal-next-suspect-goldman-sachs-banker/ 1MDB scandal: Next suspect Goldman Sachs banker Maierbrugger Arno Investvine 15 February 2016 en-US 28 February 2016 3 March 2016 https://web.archive.org/web/20160303110406/http://investvine.com/1mdb-scandal-next-suspect-goldman-sachs-banker/ dead Tim Leissner, the former chairman of Goldman Sachs' Southeast Asia branch and husband of Kimora Lee Leissner, was issued a subpoena by the DOJ as part of their investigations.http://www.straitstimes.com/asia/se-asia/ex-goldman-sachs-banker-tim-leissner-issued-subpoena-amid-us-probe-into-malaysias-1mdb Ex-Goldman Sachs banker Tim Leissner issued subpoena amid US probe into Malaysia's 1MDB The Straits Times 8 March 2016 1 April 2016 23 February 2023 https://web.archive.org/web/20230223115643/https://www.straitstimes.com/asia/se-asia/ex-goldman-sachs-banker-tim-leissner-issued-subpoena-amid-us-probe-into-malaysias-1mdb livehttps://www.businessinsider.com/r-us-subpoenas-ex-goldman-banker-in-1mdb-probe-bloomberg-2016-3 U.S. subpoenas ex-Goldman banker in 1MDB probe: Bloomberg Business Insider 28 July 2020 30 April 2020 https://web.archive.org/web/20200430004700/https://www.businessinsider.com/r-us-subpoenas-ex-goldman-banker-in-1mdb-probe-bloomberg-2016-3 livehttps://www.cnbc.com/2016/03/08/us-investigators-subpoena-ex-goldman-banker-leissner-in-malaysia-1mdb-probe-wsj.html Ex-Goldman banker subpoenaed in Malaysia 1MDB probe: WSJ CNBC 8 March 2016 8 September 2017 23 February 2023 https://web.archive.org/web/20230223115641/https://www.cnbc.com/2016/03/08/us-investigators-subpoena-ex-goldman-banker-leissner-in-malaysia-1mdb-probe-wsj.html live In the July 2016 DOJ civil lawsuit,https://www.reuters.com/article/us-malaysia-scandal-usa/u-s-lawsuits-link-malaysian-leader-to-stolen-money-from-1mdb-fund-idUSKCN10009X 20 July 2016 U.S. lawsuits link Malaysian leader to stolen money from 1MDB fund Reuters 20 March 2018 20 March 2018 https://web.archive.org/web/20180320170413/https://www.reuters.com/article/us-malaysia-scandal-usa/u-s-lawsuits-link-malaysian-leader-to-stolen-money-from-1mdb-fund-idUSKCN10009X live a high-ranking government official having control over 1MDB, who was referred to more than 30 times as "Malaysian Official 1" ("MO1"), was alleged to have received around US$681 million (RM 2.8 billion) of stolen 1MDB money via Falcon Bank in Singapore on 21 and 25 March 2013, of which US$650 million (RM 2.0 billion) was sent back to Falcon Bank on 30 August 2013.15 August 2015 Malaysian Prime Minister transferred US$650 million back to Singapore Bank http://statestimesreview.com/2015/08/15/malaysian-prime-minister-transferred-us650-million-back-to-singapore-bank/ dead https://web.archive.org/web/20180317232021/http://statestimesreview.com/2015/08/15/malaysian-prime-minister-transferred-us650-million-back-to-singapore-bank/ 17 March 2018 17 March 2018 StatesTimesReview, Singapore In September 2016, Najib Razak was identified as "MO1" by Datuk Abdul Rahman Dahlan, then Minister in the Prime Minister's Department.PM Najib is 'Malaysian Official 1' but not involved in 1MDB probe: Minister http://www.straitstimes.com/asia/se-asia/pm-najib-is-malaysian-official-1-but-not-involved-in-1mdb-probe-minister The Straits Times September 2016 13 September 2016 4 September 2016 https://web.archive.org/web/20160904214046/http://www.straitstimes.com/asia/se-asia/pm-najib-is-malaysian-official-1-but-not-involved-in-1mdb-probe-minister liveVaswani Karishma Who is 'Malaysian Official 1'? Case closed BBC News September 2016 https://www.bbc.com/news/business-37234717 13 September 2016 4 September 2016 https://web.archive.org/web/20160904151950/http://www.bbc.com/news/business-37234717 live The wife of "MO1", Rosmah Mansor, was also alleged to have received US$30 million worth of jewels financed from pilfered 1MDB funds.https://www.reuters.com/article/us-malaysia-scandal-rosmah/malaysias-first-lady-linked-to-30-mln-worth-of-jewelry-bought-with-1mdb-funds-idUSKBN1970YK Malaysia's first lady linked to $30 mln worth of jewelry bought with 1MDB funds 16 June 2017 Reuters 16 March 2018 Ananthalakshmi A. In June 2017, the DOJ began actions to recover more than US$1 billion from people close to Najib and 1MDB,https://www.justice.gov/opa/press-release/file/973671/download Civil action in rem to forfeit assets involved in and traceable to an international conspiracy to launder money misappropriated from 1Malaysia Development Berhad (1MDB) United States Department of Justice 17 March 2018 30 June 2017 https://web.archive.org/web/20170630075526/https://www.justice.gov/opa/press-release/file/973671/download livehttps://www.stuff.co.nz/world/americas/82358835/us-goes-after-14-billion-in-assets-linked-to-malaysian-fund-1mdb US goes after $1.4 billion in assets linked to Malaysian fund 1MDB 21 July 2016 Stuff 28 July 2020 24 April 2020 https://web.archive.org/web/20200424020543/https://www.stuff.co.nz/world/americas/82358835/us-goes-after-14-billion-in-assets-linked-to-malaysian-fund-1mdb livehttp://www.freemalaysiatoday.com/category/business/2016/07/21/us-moves-to-seize-usd1b-in-assets-of-msian-1mdb-fund/ US moves to seize USD1b in assets of M'sian 1MDB fund 21 July 2016 21 July 2016 26 September 2017 https://web.archive.org/web/20170926043051/http://www.freemalaysiatoday.com/category/business/2016/07/21/us-moves-to-seize-usd1b-in-assets-of-msian-1mdb-fund/https://time.com/4416426/malaysia-1mdb-us-assets-seized/ U.S. to Seize $1 Billion in Assets in Malaysia's 1MDB Case Nash Jenkins 21 July 2016 28 March 2023 https://web.archive.org/web/20230328153938/https://time.com/4416426/malaysia-1mdb-us-assets-seized/ live seizing assets including high-end properties in Beverly Hills, Los Angeles, Manhattan, New York City and London,http://www.ibtimes.com/malaysia-1mdb-scandal-luxury-properties-us-linked-najib-razaks-stepson-riza-aziz-2393461 Malaysia 1MDB Scandal: Luxury Properties in US Linked To Najib Razak's Stepson Riza Aziz, Close Associate Jho Low Likely To Be Seized International Business Times 21 July 2016 21 July 2016 5 June 2023 https://web.archive.org/web/20230605012516/https://www.ibtimes.com/malaysia-1mdb-scandal-luxury-properties-us-linked-najib-razaks-stepson-riza-aziz-2393461 livehttps://www.bloomberg.com/news/articles/2016-07-20/u-s-maps-1mdb-fraud-trail-from-kuala-lumpur-to-hollywood U.S. Maps 1MDB Fraud Trail From Kuala Lumpur to Hollywood Greg Farrell Andrew M. Harris Keri Geiger GeigerWire David McLaughlin damclaugh Bloomberg News 20 July 2016 4 March 2017 22 April 2022 https://web.archive.org/web/20220422003911/https://www.bloomberg.com/news/articles/2016-07-20/u-s-maps-1mdb-fraud-trail-from-kuala-lumpur-to-hollywood live as well as fine artwork, a private jet, a luxury yacht and royalties from the film The Wolf of Wall Street and its production company Red Granite Pictures.https://www.wsj.com/articles/u-s-seeks-1-billion-in-asset-seizures-tied-to-malaysian-fund-1mdb-1469019540 U.S. Links Malaysian Prime Minister to Millions Stolen From Development Fund Bradley Hope Tom Wright 21 July 2016 Wall Street Journal 4 March 2017 23 February 2023 https://web.archive.org/web/20230223202719/https://www.wsj.com/articles/u-s-seeks-1-billion-in-asset-seizures-tied-to-malaysian-fund-1mdb-1469019540 livehttps://www.bbc.com/news/world-us-canada-36848149 US seeks to seize $1bn in Malaysia probe BBC News 21 July 2016 22 June 2018 13 June 2018 https://web.archive.org/web/20180613011739/https://www.bbc.com/news/world-us-canada-36848149 livehttp://english.alarabiya.net/en/business/economy/2016/07/21/US-seeks-1bln-in-1MDB-tied-Assets-Wolf-of-Wall-Street-royalties.html US seeks $1bln in 1MDB-tied Assets, 'Wolf of Wall Street' royalties 21 July 2016 Al Arabiya English 25 September 2017 23 September 2020 https://web.archive.org/web/20200923172620/https://english.alarabiya.net/en/business/economy/2016/07/21/US-seeks-1bln-in-1MDB-tied-Assets-Wolf-of-Wall-Street-royalties.html live On 7 March 2018, in California courts, the producers of the film agreed to pay US$60 million to settle DOJ's claims that they financed the movie with money siphoned from 1MDB.https://www.theguardian.com/business/2018/mar/07/wolf-of-wall-street-producers-to-pay-60m-to-us-government Wolf of Wall Street producers to pay $60m to US government 7 March 2018 The Guardian UK 16 March 2018 20 March 2018 https://web.archive.org/web/20180320005132/https://www.theguardian.com/business/2018/mar/07/wolf-of-wall-street-producers-to-pay-60m-to-us-government live The claims were settled in August 2018, with the settlement stipulating that the payment should not be construed as "an admission of wrongdoing or liability on the part of Red Granite".https://www.reuters.com/article/us-malaysia-scandal-redgranite-idUSKCN1GJ0FH 'The Wolf of Wall Street' producers to pay $60 million to U.S. in... 7 March 2018 Reuters 6 June 2019 en 6 June 2019 https://web.archive.org/web/20190606081404/https://www.reuters.com/article/us-malaysia-scandal-redgranite-idUSKCN1GJ0FH live On 1 November 2018, the DOJ announced that two former Goldman Sachs bankers, Tim Leissner and Roger Ng, as well as Malaysian fugitive financier Jho Low, were charged over funds misappropriated from 1MDB and paying bribes to various Malaysian and Abu Dhabi officials. Tim Leissner admitted in a plea that more than US$200 million in proceeds from 1MDB bonds flowed into accounts controlled by him and a relative.http://www.theedgemarkets.com/article/1mdb-deals-continue-haunt-goldman-sachs-quicktake The 1MDB deals that continue to haunt Goldman Sachs: QuickTake 5 November 2018 The Edge Markets 14 November 2018 https://web.archive.org/web/20181114142042/http://www.theedgemarkets.com/article/1mdb-deals-continue-haunt-goldman-sachs-quicktake 14 November 2018https://www.bloomberg.com/news/articles/2018-11-12/goldman-shares-tumble-to-2016-levels-as-1mdb-pressure-mounts Goldman Sachs Tumbles on 1MDB Scandal and 'Fear of the Unknown' Bloomberg.com 12 November 2018 14 November 2018 14 November 2018 https://web.archive.org/web/20181114141736/https://www.bloomberg.com/news/articles/2018-11-12/goldman-shares-tumble-to-2016-levels-as-1mdb-pressure-mounts livehttps://www.thestar.com.my/news/nation/2018/11/02/1mdb-how-did-leissner-and-other-execs-bypass-goldmans-compliance-rules/ 1MDB: How did Leissner and other execs bypass Goldman's compliance rules? www.thestar.com.my 2 November 2018 14 November 2018 14 November 2018 https://web.archive.org/web/20181114224032/https://www.thestar.com.my/news/nation/2018/11/02/1mdb-how-did-leissner-and-other-execs-bypass-goldmans-compliance-rules/ live He agreed to forfeit US$43.7 million (RM 185 million) and pleaded guilty to conspiring to launder money and violate the Foreign Corrupt Practices Act,22 October 2020 Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion https://www.justice.gov/opa/pr/goldman-sachs-charged-foreign-bribery-case-and-agrees-pay-over-29-billion live https://web.archive.org/web/20220118182642/https://www.justice.gov/opa/pr/goldman-sachs-charged-foreign-bribery-case-and-agrees-pay-over-29-billion 18 January 2022 26 August 2021 United States Department of Justice while Roger Ng was arrested in Malaysia at the request of DOJ and extradited to the US for prosecution before returning and facing charges in Malaysia.https://www.bbc.com/news/business-46062576 Ex-Goldman bankers face 1MDB charges 1 November 2018 BBC News 2 November 2018 en-GB 18 May 2019 https://web.archive.org/web/20190518034911/https://www.bbc.com/news/business-46062576 livehttps://www.thestar.com.my/business/business-news/2018/11/02/goldman-sachs-and-1mdb-what-we-learned-from-us-charges/ Goldman Sachs and 1MDB: what we learned from US charges www.thestar.com.my 2 November 2018 2 November 2018 2 November 2018 https://web.archive.org/web/20181102050516/https://www.thestar.com.my/business/business-news/2018/11/02/goldman-sachs-and-1mdb-what-we-learned-from-us-charges/ livehttp://www.thesundaily.my/news/2018/11/02/us-prosecutors-file-charges-against-two-goldman-sachs-bankers-jho-low US prosecutors file charges against two Goldman Sachs bankers, Jho Low www.thesundaily.my en 2 November 2018 23 August 2024 https://web.archive.org/web/20240823191847/https://thesun.my/archive/us-prosecutors-file-charges-against-two-goldman-sachs-bankers-jho-low-CUARCH587931 livehttps://www.thestar.com.my/news/nation/2018/11/15/doj-has-until-dec-to-extradite-ng-says-amar-singh/ DoJ has until Dec to extradite Ng, says Amar Singh www.thestar.com.my 15 November 2018 22 November 2018 22 November 2018 https://web.archive.org/web/20181122215542/https://www.thestar.com.my/news/nation/2018/11/15/doj-has-until-dec-to-extradite-ng-says-amar-singh/ livehttps://www.malaymail.com/news/malaysia/2019/05/06/ag-roger-ng-extradited-to-us-for-10-months-over-1mdb-criminal-charges/1750268 AG: Roger Ng extradited to US for 10 months over 1MDB criminal charges Loheswar R. www.malaymail.com 6 May 2019 en 16 May 2019 23 August 2024 https://web.archive.org/web/20240823191848/https://www.malaymail.com/news/malaysia/2019/05/06/ag-roger-ng-extradited-to-us-for-10-months-over-1mdb-criminal-charges/1750268 live According to Roger Ng's lawyers, he was infected with Dengue fever and leptospirosis while in Malaysian jail and lost a significant amount of weight.6 May 2019 Ex-Goldman Banker in Plea Talks Ahead of 1MDB Trial in New York https://www.bloomberg.com/news/articles/2019-05-06/ex-goldman-banker-extradited-to-u-s-for-1mdb-charges-edge-says 12 May 2019 Bloomberg.com 8 May 2019 https://web.archive.org/web/20190508143427/https://www.bloomberg.com/news/articles/2019-05-06/ex-goldman-banker-extradited-to-u-s-for-1mdb-charges-edge-says livehttps://www.thestar.com.my/news/nation/2019/01/05/lawyer-claims-ng-down-with-leptospirosis-and-dengue/ Lawyer claims Ng down with leptospirosis and dengue www.thestar.com.my 5 January 2019 12 May 2019 12 May 2019 https://web.archive.org/web/20190512132927/https://www.thestar.com.my/news/nation/2019/01/05/lawyer-claims-ng-down-with-leptospirosis-and-dengue/ live As reported by Bloomberg News, an Italian banker, Andrea Vella, matches the identity of the "Co-Conspirator #4" in the Justice Department’s fillings related to 1MDB scheme, Vella like the individual described in the filings is an Italian citizen who initiated association with the bank in 2007 and was later made a partner at the firm.Natarajan Sridhar 1 November 2018 Goldman Sachs Places Andrea Vella on Leave Over 1MDB Case https://www.bloomberg.com/news/articles/2018-11-01/goldman-sachs-is-said-to-place-vella-on-leave-over-1mdb-case 28 October 2025 Bloomberg News On 30 November 2018, the DOJ announced that George Higginbotham, a former DOJ employee, pleaded guilty to conspiracy to deceive US banks about the source and purpose of foreign funds for a lobbying campaign against the US investigations into the 1MDB scandal. The DOJ filed a lawsuit to recover more than US$73 million (RM 305 million) in American bank accounts that Higginbotham helped open on behalf of Jho Low to finance the lobbying campaign.https://www.bloomberg.com/news/articles/2018-11-30/1mdb-s-jho-low-allegedly-funneled-money-to-influence-doj-probe Ex-Justice Official Helped 1MDB's Jho Low Funnel Dirty Money Bloomberg.com 30 November 2018 2 December 2018 1 December 2018 https://web.archive.org/web/20181201184327/https://www.bloomberg.com/news/articles/2018-11-30/1mdb-s-jho-low-allegedly-funneled-money-to-influence-doj-probe livehttps://www.thestar.com.my/news/nation/2018/12/01/ex-us-justice-dept-employee-pleads-guilty-to-1mdb-fraud/ Ex-US Justice Dept employee pleads guilty to 1MDB fraud www.thestar.com.my December 2018 2 December 2018 6 December 2018 https://web.archive.org/web/20181206101051/https://www.thestar.com.my/news/nation/2018/12/01/ex-us-justice-dept-employee-pleads-guilty-to-1mdb-fraud/ livehttps://www.nst.com.my/world/2018/12/436259/us-justice-official-pleads-guilty-1mdb-lobbying-case US Justice official pleads guilty in 1MDB lobbying case 1 December 2018 NST Online 2 December 2018 2 December 2018 https://web.archive.org/web/20181202155323/https://www.nst.com.my/world/2018/12/436259/us-justice-official-pleads-guilty-1mdb-lobbying-case live Further in May 2019, the DOJ announced that it had charged Jho Low and former Fugees rapper Pras for conspiring to funnel US$21.6 million from overseas accounts into the 2012 presidential election.https://www.thestar.com.my/business/business-news/2019/05/11/us-charges-malaysian-businessman-low-ex-fugees-rapper-over-funding-in-2012-election/ US charges Jho Low, ex-Fugees rapper, over funding in 2012 election www.thestar.com.my 10 May 2019 18 May 2019 18 May 2019 https://web.archive.org/web/20190518035100/https://www.thestar.com.my/business/business-news/2019/05/11/us-charges-malaysian-businessman-low-ex-fugees-rapper-over-funding-in-2012-election/ live On 1 November 2019, Barron's reported that Jho Low had forfeited over $100 million in luxury homes as part of a settlement with prosecutors in the United States. Overall, he agreed to give up some $700 million in assets to the U.S. Department of Justice to have charges dropped, without admitting guilt.https://www.barrons.com/articles/fugitive-businessman-jho-low-to-forfeit-over-100-million-in-luxury-homes-01572619795 Barron's 13 November 2019 1 November 2019 Fugitive Businessman Jho Low to Forfeit Over $100 Million in Luxury Homes 5 November 2019 https://web.archive.org/web/20191105203640/https://www.barrons.com/articles/fugitive-businessman-jho-low-to-forfeit-over-100-million-in-luxury-homes-01572619795 live In 2020, Elliott Broidy pleaded guilty to conspiracy to violate the Foreign Agents Registration Act (FARA) for failing to disclose that he was acting as an agent for Low. Low had paid Broidy $9 million to lobby the US government to withdraw its investigation into the 1MDB scandal and to have the activist Guo Wengui deported to China.2020-10-20 Major RNC, Trump fundraiser Elliott Broidy pleads guilty to acting as unregistered foreign agent https://www.washingtonpost.com/local/legal-issues/elliott-broidy-plea/2020/10/20/c41ae12c-125a-11eb-ad6f-36c93e6e94fb_story.html 2026-03-17 The Washington Post en-US 0190-8286Vogel Kenneth P. 2020-10-20 Elliott Broidy Pleads Guilty in Foreign Lobbying Case https://www.nytimes.com/2020/10/20/us/politics/elliott-broidy-foreign-lobbying.html 2026-03-17 The New York Times en-US 0362-4331Viswanatha Aruna Ballhaus Rebecca 2020-08-24 New Details Revealed of RNC Fundraiser's Lobbying for China https://www.wsj.com/articles/new-details-of-chinas-efforts-to-remove-critic-in-u-s-revealed-in-hawaii-court-11598294289 live https://web.archive.org/web/20211002084006/https://www.wsj.com/articles/new-details-of-chinas-efforts-to-remove-critic-in-u-s-revealed-in-hawaii-court-11598294289 2021-10-02 2020-08-25 Wall Street Journal 0099-9660 President Trump pardoned Broidy the following year.2023-04-04 GOP fundraiser says he got millions to illegally lobby Trump administration https://www.washingtonpost.com/dc-md-va/2023/04/04/broidy-testify-trump-malaysia-fugees/ 2026-03-17 The Washington Post en-US 0190-82862021-01-20 Donald Trump pardons Steve Bannon during his final hours in office https://www.abc.net.au/news/2021-01-20/donald-trump-issues-pardons-steve-bannon-lil-wayne-kodak-black/13072630 2026-03-17 ABC News en-AU On 23 February 2022, the star witness in the bribery trial of former Goldman Sachs Group Inc banker Roger Ng being held in New York, testified that ex-Goldman chief Lloyd Blankfein met in 2009 with then Malaysian prime minister Najib Razak just ahead of big bond deals for the country's 1MDB fund — and that the meeting came with an agenda. In return for the lucrative business, Goldman was to get Najib's three children jobs at the bank.Meeting was to get Goldman jobs for Najib's children, star witness tells 1MDB jury in the US https://www.thestar.com.my/news/world/2022/02/23/meeting-was-to-get-goldman-jobs-for-najib039s-children-star-witness-tells-1mdb-jury-in-the-us The Star 23 February 2022 en 1 March 2022 27 February 2022 https://web.archive.org/web/20220227025542/https://www.thestar.com.my/news/world/2022/02/23/meeting-was-to-get-goldman-jobs-for-najib039s-children-star-witness-tells-1mdb-jury-in-the-us live On 24 February, Najib's daughter Nooryana Najwa Najib has confirmed that she did try to apply for a job at Goldman Sachs. She said she once met two former Goldman Sachs employees, Roger Ng and Tim Leissner as part of her networking efforts to land a "competitive job".Nooryana says Leissner helped her get intern job at London firm, but was only PowerPoint, coffee girl https://www.thestar.com.my/news/nation/2022/02/24/nooryana-says-leissner-helped-her-get-intern-job-at-london-firm-but-was-powerpoint-girl-coffee-girl 24 February 2022 The Star 24 February 2022 en 2 March 2022 https://web.archive.org/web/20220302062738/https://www.thestar.com.my/news/nation/2022/02/24/nooryana-says-leissner-helped-her-get-intern-job-at-london-firm-but-was-powerpoint-girl-coffee-girl live Ultimately, an officer within Goldman rejected progressing with any job offer within the group.Najib's Daughter Says She Got Ex-Goldman Banker's Help for a Job https://www.bloomberg.com/news/articles/2022-02-24/najib-s-daughter-says-she-got-ex-goldman-banker-s-help-for-a-job 24 February 2022 14 March 2022 Bloomberg en 14 March 2022 https://web.archive.org/web/20220314091031/https://www.bloomberg.com/news/articles/2022-02-24/najib-s-daughter-says-she-got-ex-goldman-banker-s-help-for-a-job live On 24 February 2022, it was announced that the trial of Roger Ng had been paused because the prosecutors did not share more than 15,000 documents with the defense lawyers representing Roger Ng.https://www.bbc.com/news/business-60502447 1MDB: Trial of ex-Goldman banker paused after documents blunder 24 February 2022 BBC News 24 February 2022 24 February 2022 https://web.archive.org/web/20220224070746/https://www.bbc.com/news/business-60502447 live Ng was convicted of conspiring to launder money and bribe officials in Malaysia and the United Arab Emirates as well as violating the internal accounting controls of his employer under the Foreign Corrupt Practices Act.Shi Madeline High-flying investment bankers, reclusive billionaires, and 'The Wolf of Wall Street': a guide to the major players in Malaysia's 1MDB scandal https://www.businessinsider.com/goldman-1mdb-scandal-players-explainer-2018-12 28 October 2025 Business Insider en-USJames Fanelli. (9 April 2022). "Former Goldman Banker Convicted". The Wall Street Journal Weekend. A1.Goldstein Matthew 8 April 2022 Ex-Goldman Banker Convicted in Case Over the Looting of Billions From a Malaysian Fund en-US The New York Times https://www.nytimes.com/2022/04/08/business/1mdb-goldman-sachs-roger-ng.html 8 April 2022 0362-4331 8 April 2022 https://web.archive.org/web/20220408163943/https://www.nytimes.com/2022/04/08/business/1mdb-goldman-sachs-roger-ng.html live $4.5 billion of the stolen money was laundered through U.S. financial institutions.Hannah Beech and Austin Ramzy. (3 October 2018). "Wife of Malaysia's Ex-Prime Minister, Known for Moneyed Lifestyle, Is Arrested". NY Times website https://web.archive.org/web/20220410170818/https://www.nytimes.com/2018/10/03/world/asia/najib-razak-malaysia-corruption-charges.html?searchResultPosition=1 10 April 2022 Retrieved 10 April 2022. Recovery of 1MDB assets As of May 2019, Malaysia had recovered US$322 million (RM1.3 billion) worth of 1MDB assets since its renewed investigations into the 1MDB scandal after the 14th General Election in May 2018.https://www.thestar.com.my/news/nation/2019/05/08/rm13bil-in-1mdb-assets-recouped/ RM1.3bil in 1MDB assets recouped Bedi Rashvinjeet S. www.thestar.com.my 8 May 2019 8 May 2019 8 May 2019 https://web.archive.org/web/20190508005548/https://www.thestar.com.my/news/nation/2019/05/08/rm13bil-in-1mdb-assets-recouped/ live Steps have been taken to preserve the value of the assets caught up in the case, including the sale of the Park Lane Hotel in New York in November 2018, a step endorsed by the U.S. DOJ, in accordance with the rule of law and on the basis of no admission of wrongdoing or liability.https://www.finews.asia/finance/23965-jho-low-trustee-1mdb-asset-seizure-new-zealand 1MDB: Emboldened Trusts Wrangle Over Jho Low Assets 16 February 2017 finews.asia en-gb 9 July 2019 9 July 2019 https://web.archive.org/web/20190709153200/https://www.finews.asia/finance/23965-jho-low-trustee-1mdb-asset-seizure-new-zealand live In August 2018, Malaysian authorities seized a yacht allegedly purchased by Low, selling it some eight months later to minimize the costs associated with maintaining it. A spokesperson for Low described the seizure as "illegal".Harris Elizabeth A. Stevenson Alexandra 9 December 2018 A Yacht, a Monet, a See-Through Piano: The U.S. Collects on a Fugitive's Shopping Spree en-US The New York Times https://www.nytimes.com/2018/12/09/arts/jho-low-1mdb-assets-piano.html live 9 July 2019 https://web.archive.org/web/20200706072400/https://www.nytimes.com/2018/12/09/arts/jho-low-1mdb-assets-piano.html 6 July 2020 0362-4331Latiff Rozanna 24 August 2018 Court gives Malaysia nod to sell superyacht seized in 1MDB probe en Reuters Cameron-Moore Simon https://www.reuters.com/article/us-malaysia-politics-equanimity-court-idUSKCN1L9117 live 9 July 2019 https://web.archive.org/web/20200422230619/https://www.reuters.com/article/us-malaysia-politics-equanimity-court-idUSKCN1L9117 22 April 2020 Leonardo DiCaprio returned gifts received from Low to US authorities in 2017, including an Oscar received by Marlon Brando and paintings by Picasso and Jean-Michel Basquiat. The recovered funds include the sum of US$126 million from the Equanimity judicially sold to the Genting Group, US$139 million to be returned by the United States after sale of Jho Low's interest in Park Lane Hotel in Manhattan, and US$57 million from a forfeiture settlement of Red Granite Pictures, which has been repatriated to Malaysia after deducting the costs incurred for investigations, seizures and litigation. Apart from the above, another sum of S$50 million (RM152 million) related to 1MDB has been ordered by the Singapore Courts to be repatriated. Malaysia has been working with at least six countries to recover about US$4.5 billion worth of assets allegedly stolen from 1MDB,https://www.channelnewsasia.com/news/asia/us-begins-return-of-us-200-million-in-1mdb-funds-to-malaysia-11510450 US begins return of US$200 million in 1MDB funds to Malaysia CNA en 8 May 2019 8 May 2019 https://web.archive.org/web/20190508040549/https://www.channelnewsasia.com/news/asia/us-begins-return-of-us-200-million-in-1mdb-funds-to-malaysia-11510450 in which US$1.7 billion (RM7 billion) worth of assets have been sought by the DOJ to forfeit. On 15 April 2020, it was reported that the DOJ had returned US$300 million in funds stolen during the 1MDB scandal to Malaysia.US returns US$300m of 1MDB money to Malaysia https://www.thesundaily.my/world/us-returns-us-300m-of-1mdb-money-to-malaysia-YM2259717#pk_campaign=MASwpn&pk_kwd=US+returns+US%24300m+of+1MDB+money+to+Malaysia 15 April 2020 The Sun Daily 15 April 2020 https://web.archive.org/web/20200415004739/https://www.thesundaily.my/world/us-returns-us-300m-of-1mdb-money-to-malaysia-YM2259717 15 April 2020 On 24 July 2020, it was announced that the Malaysian government would receive US$2.5 billion in cash from Goldman Sachs, and a guarantee from the bank they would also return US$1.4 billion in assets linked to 1MDB bonds.Goldman Sachs, Malaysia agree to US$3.9 billion settlement over 1MDB https://www.channelnewsasia.com/news/asia/goldman-sachs-malaysia-agree-1mdb-settlement-12961454 28 July 2020 CNA en 28 July 2020 https://web.archive.org/web/20200728025235/https://www.channelnewsasia.com/news/asia/goldman-sachs-malaysia-agree-1mdb-settlement-12961454 dead Put together this was substantially less than the US$7.5 billion that had been previously demanded by the Malaysian finance minister. At the same time, the Malaysian government agreed to drop all criminal charges against the bank and that it would cease legal proceedings against 17 current and former Goldman directors. Some commentators argued that Goldman had got away with a very good deal.Commentary: Goldman has done it again with its 1MDB Malaysia deal https://www.channelnewsasia.com/commentary/najib-razak-goldman-sachs-1mdb-malaysia-deal-settlement-714526 https://web.archive.org/web/20230223222737/https://www.channelnewsasia.com/commentary/najib-razak-goldman-sachs-1mdb-malaysia-deal-settlement-714526 dead 23 February 2023 CNA en In January 2022, the Malaysian government received RM 333 million ($111 million) as a fine from the local affiliate of KPMG in settlement of the lawsuit filed against it.13 January 2022 KPMG pays Malaysian government $111 million settlement over 1MDB audit scandal ABC News Australia https://www.abc.net.au/news/2022-01-13/malaysia-1mdb-kpmg-settlement/100755620 15 January 2022 Reports by Offshore Alert indicate that actions to recover further misappropriated assets are ongoing in various jurisdictions.https://www.offshorealert.com/tag/1mdb-1malaysia-development-berhad/ 1MDB – OffshoreAlert www.offshorealert.com 20 November 2022 Media coverage In January 2015, around 227,000 leaked documents related to the fraud were provided to investigative journalist Clare Rewcastle Brown, who writes Sarawak Report.Ramesh Randeep 28 July 2016 1MDB: The inside story of the world's biggest financial scandal en-GB The Guardian https://www.theguardian.com/world/2016/jul/28/1mdb-inside-story-worlds-biggest-financial-scandal-malaysia 28 July 2020 0261-3077 The documents were leaked by Swiss national Xavier Justo, a former PetroSaudi International employee.18 February 2019 1MDB scandal's accidental whistle-blower: from banker to prisoner https://www.scmp.com/magazines/post-magazine/long-reads/article/2186580/meet-1mdbs-accidental-whistle-blower-his-journey 28 July 2020 South China Morning Post en Xavier Justo was then targeted by a violent online smear campaign led by "Team Jorge," an Israeli disinformation company working for wealthy clients. In late 2020, a website and YouTube channel impersonating him portrayed him as a mercenary who acted solely to enrich himself and whose word is unreliable. This site and channel are widely circulated on social networks by fake accounts as part of a larger smear operation, calling him a thief, a drug addict, a blackmailer.15 February 2023 Billionaires, whistleblowers, criminals, political opponents: The targets of the disinformation factory en Le Monde.fr https://www.lemonde.fr/en/pixels/article/2023/02/15/billionaires-whistleblowers-criminals-political-opponents-the-targets-of-the-disinformation-factory_6015838_13.html In February 2015, The Sunday Times and The Edge newspapers and Sarawak Report blog, referencing the leaked email correspondences and documents obtained by Rewcastle Brown, reported that Penang-based Low Taek Jho, who has ties Najib Razak, siphoned out US$700 million from a joint venture deal between 1MDB and PetroSaudi International through an entity named Good Star Ltd.Heist of the Century – How Jho Low Used PetroSaudi As "A Front" To Siphon Billions Out Of 1MDB! http://www.sarawakreport.org/2015/02/heist-of-the-century-how-jho-low-used-petrosaudi-as-a-front-to-siphon-billions-out-of-1mdb-world-exclusive/ 29 July 2020 Sarawak ReportJon Ungoed-Thomas Clare Rewcastle Josh Boswell Harrow playboy linked to troubled Malaysian fund en The Times https://www.thetimes.com/article/harrow-playboy-linked-to-troubled-malaysian-fund-7fq32lf5vdr subscription 29 July 2020 0140-0460Jho Low allegedly siphoned off US$700 million from 1MDB, says website http://www.themalaysianinsider.com/malaysia/article/jho-low-allegedly-siphoned-off-us700-million-from-1mdb-says-website https://web.archive.org/web/20150701104745/http://www.themalaysianinsider.com/malaysia/article/jho-low-allegedly-siphoned-off-us700-million-from-1mdb-says-website 1 July 2015 7 July 20152 March 2015 Jho Low accused of siphoning US$700m from 1MDB http://www.theedgemarkets.com/my/article/jho-low-accused-siphoning-us700m-1mdb 7 July 201531 March 2018 'Stolen' 1MDB Funds: The DOJ lawsuit revisited https://pages.malaysiakini.com/1mdb/en/ Malaysiakini Although Low never received an official position in 1MDB, he is described as someone who was regularly consulted about 1MDB without having any decision-making authority.19 March 2015 Why are Najib, Jho Low giving similar answers on 1MDB, asks DAP http://www.theedgemarkets.com/article/why-are-najib-jho-low-giving-similar-answers-1mdb-asks-dap 26 May 2019 The Edge Markets An email revealed that Low had the loan approval from Najib for $1 billion without getting any approval from Bank Negara.Jho Low email said Najib approved US$1bn loan http://www.freemalaysiatoday.com/category/nation/2015/03/08/jho-low-email-said-najib-approved-us1bn-loan/ https://web.archive.org/web/20150720180152/http://www.freemalaysiatoday.com/category/nation/2015/03/08/jho-low-email-said-najib-approved-us1bn-loan/ 20 July 2015 7 July 2015 Free Malaysia TodayJho Low claims Najib okayed 1MDB's US$500 million loan to PetroSaudi, says Sarawak Report http://www.themalaysianinsider.com/malaysia/article/jho-low-claims-najib-okayed-1mdbs-us500-million-loan-to-petrosaudi-says-sar https://web.archive.org/web/20150701103313/http://www.themalaysianinsider.com/malaysia/article/jho-low-claims-najib-okayed-1mdbs-us500-million-loan-to-petrosaudi-says-sar 1 July 2015 7 July 2015 According to a 2022 report by German local news site Neckarstadtblog,24 September 2022 https://www.neckarstadtblog.de/2022/09/24/tom-bocks-turley-traum-vor-der-zwangsversteigerung/ Tom Bocks Turley-Traum vor der Zwangsversteigerung Neckarstadtblog 4 April 2023 Suaad A. Al-Attas, former wife of Mohammed Badawy Al Husseiny, received nearly US$40 million from the 1MDB scandal and later acted as a shareholder in a company owned by German real estate developer Tom Bock, providing a loan of nearly €5.5 million, suggesting that some of the funds used in the Turley real estate project in Mannheim, Germany, came from misappropriated funds from the 1MDB scandal. Within Malaysia, The Edge was one of the few media outlets which published investigations on the scandal. Its license was suspended by the Malaysian government, in a move that its publisher suggested was censorship. Wall Street Journal reporting Billion Dollar Whale (book) It was claimed through a report by The Wall Street Journal that 1MDB made overpriced purchases of power assets in Malaysia through Genting Group in 2012. Genting then allegedly donated this money to a foundation controlled by Najib, who used these funds for election campaign purposes during the 2013 general elections.19 June 2015 WSJ: Najib used 1MDB's funds for GE13 http://www.malaysiakini.com/news/302433 8 July 2015Bersih 2.0 says GE13 rigged, shocked over links to 1MDB http://www.themalaysianinsider.com/malaysia/article/bersih-2.0-says-ge13-rigged-shocked-over-links-to-1mdb https://web.archive.org/web/20150708010948/http://www.themalaysianinsider.com/malaysia/article/bersih-2.0-says-ge13-rigged-shocked-over-links-to-1mdb 8 July 2015 8 July 2015Roadshow unnecessary, just come clean on 1MDB's objectives, Kit Siang tells BN http://www.themalaymailonline.com/malaysia/article/roadshow-unnecessary-just-come-clean-on-1mdbs-objectives-kit-siang-tells-bn 8 July 2015 According to a news report quoting 1MDB, the company denied that it overpaid for its energy assets. 1MDB was quoted as saying that their energy acquisitions were made only when the company was convinced of its long-term value.1MDB refutes WSJ article, says acquisitions based on long-term value http://www.thestar.com.my/business/business-news/2015/06/24/1mdb-refutes-wsj-article-says-acquisitions-based-on-longterm-value 5 February 2016 The Star Online 24 June 2015 Further allegations were made by The Wall Street Journal that $700 million was transferred from 1MDB and deposited in AmBank and Affin Bank accounts under Najib's name.Tom Wright Simon Clark 2 July 2015 Investigators Believe Money Flowed to Malaysian Leader Najib's Accounts Amid 1MDB Probe https://www.wsj.com/articles/SB10130211234592774869404581083700187014570 8 July 2015 The Wall Street JournalSpecial team to probe graft allegations against Malaysia PM Najib Razak The Economic Times http://economictimes.indiatimes.com/news/international/world-news/special-team-to-probe-graft-allegations-against-malaysia-pm-najib-razak/articleshow/47945077.cms 8 July 2015 A task force to investigate these claims had frozen six bank accounts linked to Najib and 1MDB.Task force freezes bank accounts as pressure mounts on PM Najib http://www.channelnewsasia.com/news/asiapacific/task-force-freezes-bank/1966362.html 8 July 2015 Channel NewsAsia 30 July 2020 https://web.archive.org/web/20200730175326/http://www.channelnewsasia.com/news/asia/taxi-wars-in-china-as-private-drivers-take-on-traditional-compan-8255792 Niluksi Koswanage 7 July 2015 Malaysia Task Force to Freeze Accounts in Najib Money Probe https://www.bloomberg.com/news/articles/2015-07-07/malaysia-task-force-to-freeze-bank-accounts-in-najib-money-probe 8 July 2015 Bloomberg L.P. The Malaysian Anti-Corruption Commission (MACC) subsequently, in August 2015, cleared 1MDB of this allegation. MACC issued a statement saying, among other things, "Results of the investigation have found that the RM2.6bil which was allegedly transferred into the account belonging to Najib Razak came from the contribution of donors, and not from 1MDB".MACC: RM2.6bil in Najib's account from donors, not 1MDB's http://www.thestar.com.my/news/nation/2015/08/03/1mdb-macc-najib/ 5 February 2016 The Star 3 August 2015 Malaysia Najib Razak had originally denied allegations that stolen money was found in his bank accounts, saying "If I wanted to steal, surely I won't steal the money and bring it into an account in Malaysia."6 July 2015 'If I wanted to steal money, I won't put it in Malaysia' http://www.theedgemarkets.com/article/%E2%80%98if-i-wanted-steal-money-i-won%E2%80%99t-put-it-malaysia%E2%80%99 28 July 2020 The Edge Markets The WSJ responded by revealing the bank account details online to rebut the denials by Najib and his supporters.Sensational Findings! – Prime Minister Najib Razak's Personal Accounts Linked To 1MDB Money Trail – Malaysia Exclusive! http://www.sarawakreport.org/2015/07/sensational-findings-prime-minister-najib-razaks-personal-accounts-linked-to-1mdb-money-trail-malaysia-exclusive/ 8 July 2015 Sarawak ReportDocumentCloud Document Viewer http://graphics.wsj.com/documents/doc-cloud-embedder/?sidebar=1#2158723-1mdb-documents 8 July 2015Take legal action against WSJ, PM urged http://www.thestar.com.my/News/Nation/2015/07/05/Take-legal-action-against-WSJ-PM-urged/ 8 July 2015 The Star 5 July 2015 Singapore police had frozen two Singapore bank accounts in connection with their own investigation into the alleged financial mismanagement at 1MDB, after reports stated that $700 million worth of deposits was moved through Falcon Bank in Singapore into Najib's personal accounts in Malaysia.Singapore police freeze two bank accounts linked to 1MDB probe http://www.channelnewsasia.com/news/singapore/singapore-police-freeze/1999646.html 27 September 2015 Channel NewsAsia 25 September 2015 https://web.archive.org/web/20150925072840/http://www.channelnewsasia.com/news/singapore/singapore-police-freeze/1999646.html Singapore freezes bank accounts over Malaysia 1MDB graft scandal http://www.dw.com/en/singapore-freezes-bank-accounts-over-malaysia-1mdb-graft-scandal/a-18598971 27 September 2015 DW However, 1MDB denied having any knowledge of their accounts being frozen, and said they have not been contacted by any of the foreign investigating authorities.1MDB chief denies Singapore accounts frozen, says asset sales will put company in black by early 2016 http://www.themalaymailonline.com/malaysia/article/1mdb-chief-denies-singapore-accounts-frozen-says-asset-sales-will-put-compa 5 February 2016 The Malay Mail The WSJ also reported that 1MDB transferred around $850 million via three transactions in 2014 to a British Virgin Islands-registered company with a name disguising that it was controlled by International Petroleum Investment Company (IPIC), a United Arab Emirates state investment vehicle, according to wire transfer documents.Bradley Hope 17 December 2015 Malaysia's 1MDB Sent $850 Million to Entity Set Up to Appear Owned by Abu Dhabi Wealth Fund https://www.wsj.com/articles/malaysias-1mdb-sent-850-million-to-entity-set-up-to-appear-owned-by-abu-dhabi-wealth-fund-1450333025 1 March 2016 The Wall Street Journal17 December 2015 WSJ drops US$850m bombshell on 1MDB http://www.malaysiakini.com/news/323702 1 March 2016 Malaysiakini17 December 2015 $850M 1MDB payment sent to Virgin Island firm https://www.cnbc.com/2015/12/17/malaysia-1mdb-fund-may-have-sent-850m-to-wrong-company-wsj.html CNBC The WSJ released a report stating that 1MDB failed to pay $1.4 billion to IPIC. The money was owed to IPIC after it had guaranteed a US$3.5 billion bond issued by 1MDB to fund its purchase of power plant assets in 2012.WSJ: UAE fund claims US$1.4b payment from 1MDB missing http://www.themalaymailonline.com/malaysia/article/wsj-uae-fund-claims-us1.4b-payment-from-1mdb-missing 27 September 2015Bradley Hope Tom Wright 9 September 2015 Malaysia's 1MDB Fund Scandal Spreads to U.A.E. https://www.wsj.com/articles/malaysia-fund-scandal-spreads-to-u-a-e-1441755072 27 September 2015 The Wall Street JournalAbu Dhabi alleges US$1.4 billion from 1MDB missing, says WSJ http://www.themalaysianinsider.com/malaysia/article/abu-dhabi-alleges-us1.4-billion-from-1mdb-missing-says-wsj/malaysia/article/abu-dhabi-alleges-us1.4-billion-from-1mdb-missing-says-wsj https://web.archive.org/web/20150927211030/http://www.themalaysianinsider.com/malaysia/article/abu-dhabi-alleges-us1.4-billion-from-1mdb-missing-says-wsj/malaysia/article/abu-dhabi-alleges-us1.4-billion-from-1mdb-missing-says-wsj 27 September 2015 27 September 2015 The WSJ released another report saying that a further $993 million was missing that 1MDB was supposed to pay IPIC.18 September 2015 WSJ: Another US$1b payment from 1MDB to IPIC missing http://www.malaysiakini.com/news/312712 27 September 2015 Malaysiakini1MDB mystery deepens as Abu Dhabi questions another missing US$993m to IPIC http://www.themalaymailonline.com/malaysia/article/1mdb-mystery-deepens-as-abu-dhabi-questions-another-missing-us993m-to-ipic 27 September 201518 September 2015 Another $1.4b payment from 1MDB to Abu Dhabi fund is missing: Wall Street Journal http://www.straitstimes.com/asia/se-asia/another-14b-payment-from-1mdb-to-abu-dhabi-fund-is-missing-wall-street-journal 27 September 2015 The Straits Times 1MDB responded to the WSJ report, saying that the company continues to enjoy a strong business relationship with IPIC, as proven by the execution of a binding term sheet that saw IPIC assume obligation for a $3.5 billion bond, currently held by 1MDB, and followed a $1 billion cash payment made by IPIC to 1MDB in June.We enjoy strong business relationship with UAE firm, says 1MDB – The Malaysian Insider http://www.themalaysianinsider.com/malaysia/article/we-enjoy-strong-business-relationship-with-uae-firm-says-1mdb https://web.archive.org/web/20151220013119/http://www.themalaysianinsider.com/malaysia/article/we-enjoy-strong-business-relationship-with-uae-firm-says-1mdb 20 December 2015 15 February 2016 themalaysianinsider.com Earlier in October 2015, IPIC reaffirmed their commitment to working with 1MDB and the Malaysian Ministry of Finance.8 October 2015 Abu Dhabi's Ipic to pay interest on 1MDB bonds as Malaysia clears officials https://www.thenationalnews.com/business/abu-dhabi-s-ipic-to-pay-interest-on-1mdb-bonds-as-malaysia-clears-officials-1.19395 15 February 2016 The National Abu Dhabi Another report by the WSJ pointed out that 1MDB, in connection with a United States political fundraiser DuSable Capital Management LLC, signed a joint venture agreement creating a fund, Yurus PE Fund, to develop solar power plants in Malaysia.Bradley Hope 12 November 2015 1MDB's Latest Act: Two Obama Fundraisers, One Fugee and $69 Million https://www.wsj.com/articles/malaysian-funds-latest-act-two-obama-fundraisers-one-fugee-and-69-million-1447292365 1 March 2016 The Wall Street JournalWong Chen queries Obama link in 1MDB-DuSable 'JV' http://www.freemalaysiatoday.com/category/nation/2015/11/12/wong-chen-queries-obama-link-in-1mdb-dusable-jv/ https://web.archive.org/web/20160116120817/http://www.freemalaysiatoday.com/category/nation/2015/11/12/wong-chen-queries-obama-link-in-1mdb-dusable-jv/ 16 January 2016 1 March 2016 Free Malaysia Today Six months after the joint venture agreement was signed, 1MDB bought out DuSable's stake of 49% of Yurus for $69 million before any construction took place.WSJ picks up on 1MDB-DuSable links to former Obama fundraisers http://www.themalaysianinsider.com/malaysia/article/wsj-picks-up-on-1mdb-dusable-links-to-former-obama-fundraisers https://web.archive.org/web/20160304053132/http://www.themalaysianinsider.com/malaysia/article/wsj-picks-up-on-1mdb-dusable-links-to-former-obama-fundraisers 4 March 2016 1 March 2016 The Malaysian Insider12 November 2015 Najib urged to disclose dealings of 1MDB and Yurus PE Fund http://www.theedgemarkets.com/my/article/najib-urged-disclose-dealings-1mdb-and-yurus-pe-fund 1 March 2016 Theedgemarkets.com Based on bank transfer information, the WSJ reported that Najib spent close to $15 million on clothes, jewellery, and a car in places such as the United States, Singapore, and Italy using a credit card that was paid from one of several private bank accounts owned by Najib, to which 1MDB funds had been diverted.31 March 2016 Malaysian Prime Minister Spent Lavishly From Accounts He Says Weren't 'Personal' http://fortune.com/2016/03/31/malaysian-prime-minister-probe/ FortuneWright Tom Hope Bradley 31 March 2016 1MDB Probe Shows Malaysian Leader Najib Spent Millions on Luxury Goods https://www.wsj.com/articles/malaysian-leader-spent-millions-on-luxury-goods-1459383835 The Wall Street Journal1MDB probe shows Najib Razak spent millions on luxury goods: Report http://www.todayonline.com/world/najib-razak-spent-millions-luxury-goods-bank-accounts-linked-1mdb-reports-wsj TodayLee Seok Hwai 31 March 2016 Malaysia PM Najib spent millions on luxury goods, political payments: WSJ http://www.straitstimes.com/asia/se-asia/malaysia-pm-najib-spent-millions-on-luxury-goods-political-payments-wsj The Straits Times See also Malaysia Law Timeline of the 1Malaysia Development Berhad scandal Corruption in Malaysia History of Malaysia The Kleptocrats, 2018 documentary film Man on the Run (2023 film) Najib Razak controversies References Bibliography The Sarawak Report: The Inside Story of the 1MDB Exposé Recastle Brown Clare Gerak Budaya 2018 978-967-0311-16-6 https://www.mphonline.com/en/productdetails/books/non-fiction-others/9789670311166 https://web.archive.org/web/20180917105222/https://www.mphonline.com/en/productdetails/books/non-fiction-others/9789670311166 17 September 2018 496 Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World Wright Tom Hope Bradley Hachette UK 2018 978-0-316-43648-9 https://play.google.com/store/books/details?id=1RdNDwAAQBAJ 400 External links The Guardian, "1MDB: The inside story of the world's biggest financial scandal", 28 July 2016. Global Witness: "The Real Wolves of Wall Street – The banks, lawyers and auditors at the heart of Malaysia's biggest corruption scandal https://web.archive.org/web/20191025213255/https://www.globalwitness.org/en-gb/campaigns/corruption-and-money-laundering/real-wolves-of-wall-street/#chapter-0/section-0: 25 October 2019 " (HTML), March 2018. " The Real Wolves of Wall Street – The banks, lawyers and auditors at the heart of Malaysia's biggest corruption scandal https://web.archive.org/web/20211203104201/https://www.globalwitness.org/documents/19316/The_Real_Wolves_of_Wall_Street_Global_Witness_897.80KB.pdf 3 December 2021 " (PDF), March 2018. Bloomberg News, "A Guide to the Worldwide Probes of Malaysia's 1MDB Fund", 8 March 2018. Category:1Malaysia Development Berhad scandal