News about 1MDB

  KUALA LUMPUR (July 12): The US Department of Justice (DoJ) is investigating whether German lender Deutsche Bank (pictured) violated foreign corruption or anti-money laundering laws in its work for 1Malaysia Development Bhd (1MDB), which included helping the fund raise US$1.

KUALA LUMPUR (July 11): The proceeds from the sale of 1Malaysia Development Bhd (1MDB)-linked super yacht, Equanimity, are currently stored in a bank account managed by a local law firm for three months.

  KUALA LUMPUR (July 10): The prosecution in Datuk Seri Najib Razak's SRC International Sdn Bhd trial has filed a notice of motion to the High Court here today to postpone the commencement of the former premier's 1Malaysia Development Bhd (1MDB) trial — also known as the Tanore phase — pending completion of the SRC case.

KUALA LUMPUR (July 8): Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) trial involving the misappropriation of RM2.

KUALA LUMPUR (July 5): Travel agency Rayhar Travels Sdn Bhd, one of the 41 entities from which the Malaysian government seeks to recover funds allegedly stolen from 1Malaysia Development Bhd (1MDB) is opposing the gazette of the third party notice for forfeiture.

KUALA LUMPUR (July 4): Malaysian Anti-Corruption Commission chief Latheefa Koya has confirmed that the Riza Aziz, the stepson of former prime minister Datuk Seri Najib Razak, was arrested at noon today.

  KUALA LUMPUR (July 4): Four entities out of 41 facing forfeiture proceedings involving 1Malaysia Development Bhd (1MDB) assets, told the High Court here that they are challenging the mode in which the prosecution is enforcing the process, as they are thinking of replying to the notice via testifying as witnesses and not through affidavits.

KUALA LUMPUR (July 3): The Securities and Futures Commission (SFC) of Hong Kong said today that it has banned Tim Leissner, a former responsible officer of Goldman Sachs (Asia) L.

KUALA LUMPUR (July 1): The High Court here has refused to give former prime minister Datuk Seri Najib Razak leave to attend parliament today on the grounds that while he is an MP, he is also facing seven criminal charges.

KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.