The settlement resolves Malaysia’s civil lawsuit, while Swiss prosecutors found the bank negligent in preventing aggravated ...

Switzerland’s attorney general also fined JPMorgan Suisse 3 million Swiss francs over its role in the 1MDB case ...

The bulk has been channelled to finance debt repayments and fulfil the the state investment fund’s commitments. Read more at ...

JPMorgan Chase will pay the Malaysian government $330 million to settle matters related to its role in the ...

JPMorgan Chase will pay the Malaysian government $330 million as part of a settlement to resolve all matters related to its ...

KUALA LUMPUR (Reuters) -Malaysia's High Court has discharged but not acquitted jailed former Prime Minister Najib Razak of money laundering charges in a long-running case involving a former unit ...

A Malaysia-based sovereign wealth fund, 1MDB was established by the Malaysian government to drive strategic initiatives for the country’s long-term economic development. Headquartered in Kuala Lumpur, ...

His sentence is now due to end on Aug. 23, 2028. He was found guilty in a corruption case linked to the multibillion-dollar looting of state fund 1Malaysia Development Berhad.

Malaysia has recovered more than 23 million ringgit ($4.83 million) in assets related to scandal-hit state fund 1Malaysia Development Berhad (1MDB) between January 2023 and February 2024, its anti ...

Malaysia is considering initiating legal proceedings against foreign banks linked to the multi-billion dollar 1Malaysia Development Berhad (1MDB) corruption scandal, the chairman of the 1MDB asset ...

According to the legal filing, Beatz was paid millions in the 1Malaysia Development Berhad corruption scandal. Producer Swizz Beatz has been accused of receiving over $7 million in stolen funds in ...