Region: Malaysia

Malaysian PM to give statement regarding 1MDB corruption case

Malaysia’s Prime Minister, Najib Razak, has agreed to provide a statement by the end of 2015 to law enforcement authorities in relation to funds worth US$675 million that were deposited into his account, according to reports.

12 November 2015

1MDB chief rejects allegations of corruption

Arul Kanda, the president of 1MDB, Malaysia’s investment fund, which is being investigated by the US Department of Justice, the Office of the Attorney General of Switzerland, the UK’s.

22 October 2015

Malaysia's plans to extend corporate criminal liability postponed

Malaysia’s minister for governance, integrity and human rights, Datuk Paul Low, said plans to hold companies, board members and chief executives vicariously liable for the actions of their employees, under the country's anti-corruption law, have been postponed until 2016, according to reports.

20 October 2015

US authorities investigating Malaysian payments

The US Department of Justice is investigating US$675 million worth of payments made into Malaysian Prime Minister Najib Razak's bank account, according to reports. Investigators are also reportedly looking into New York property deals involving Najib's stepson.

22 September 2015

Malaysia cooperating in Swiss probe of 1MDB

Malaysia will arrange for key witnesses to be interviewed by Swiss investigators who are looking into allegations of corruption and money laundering at Malaysia’s state-owned development fund 1Malaysia Development Berhad (1MBD), according to a statement from the Office of the Attorney General of Switzerland on 15 September.

15 September 2015

SFO joins Malaysian 1MDB probe

The UK’s Serious Fraud Office has started investigating Malaysia’s development fund 1Malaysia Development Berhad (1MBD) for alleged money laundering, according to The Sunday Times.

14 September 2015

Swiss prosecutors challenge UBS self-incrimination protection

Swiss prosecutors have appealed against a court decision that blocked them from accessing a money laundering report produced by UBS for the country’s financial regulator, FINMA.

25 August 2015

Westpac banker reveals Malaysian extortion racket

Australian banker Michael Knight claims Malaysian businessmen pressured him into laundering money on their behalf, The Sydney Morning Herald reported on 15 August.

20 August 2015

Malaysian PM linked to foreign bribery case after Australia lifts suppression order

Malaysia's prime minister Najib Razak has said he will take legal action against two Australian newspapers for suggesting he is linked to a bribery investigation into Securency and Note Printing Australia.

20 July 2015

Malaysia rejects Australia MLAT request

Malaysia has rejected Australia’s mutual legal assistance request for information regarding a corruption scandal connected to Malaysian prime minister Najib Razak, according to reports.

14 July 2015

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