Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
by M. Jegathesan Agence France Presse KUALA LUMPUR, Malaysia (AFP) — Malaysia’s disgraced former leader Najib Razak pleaded not guilty to all charges against him as he went on trial Wednesday over a multi-billion-dollar fraud. The 65-year-old faced the first of several trials over his alleged involvement in the looting of sovereign wealth fund 1MDB, a state investment vehicle established to develop the economy of the Southeast Asian nation. The former premier and his cronies […]
Former Malaysian premier Najib Razak’s trial over a massive financial scandal that contributed to his government’s downfall was postponed Monday, in a blow to slow-moving efforts to bring the disgraced politician to justice. Najib had been due to go on trial Tuesday for the first time over allegations linked to his involvement in the looting of Malaysian sovereign wealth fund 1MDB in a fraud that reverberated around the world. Billions of dollars were allegedly stolen […]
KUALA LUMPUR, Malaysia (AFP) — Malaysia’s toppled leader Najib Razak will go on trial this week over an extraordinary financial scandal that contributed to the downfall of his long-ruling coalition and reverberated around the world. The former prime minister and his cronies are accused of stealing $4.5 billion from Malaysian sovereign wealth fund 1MDB in a mind-boggling fraud that stretched from Switzerland to the Seychelles. The money was purportedly used to fund a global […]
KUALA LUMPUR, Malaysia (AFP) — Malaysia on Monday filed criminal charges against Wall Street titan Goldman Sachs and two of its former employees over the scandal surrounding state fund 1MDB, authorities said. Charges were filed against subsidiaries of Goldman Sachs and former employees Tim Leissner and Ng Chong Hwa, said a statement from Malaysia’s attorney-general Tommy Thomas. Low Taek Jho, a Malaysian financier who allegedly masterminded the theft of billions of dollars from the sovereign […]
by M Jegathesan KUALA LUMPUR, Malaysia (AFP) –Thousands of yellow-clad Malaysians flooded the capital Saturday to demand Prime Minister Najib Razak resign over a corruption scandal, as feared clashes with pro-government rightists failed to materialize. Leading reformist group Bersih, whose colour is yellow, turned out huge crowds for the second time in 15 months to vent anger over allegations that billions of dollars were looted from Najib’s brainchild investment fund, 1MDB. Tensions in the […]
