Malaysia Funding Scandal

Malaysia's jailed former prime minister Najib Razak returned to court Thursday to face more charges linked to a multi-billion-dollar financial scandal at state fund 1MDB, two days after he began serving a 12-year prison term.

The United States has returned $452 million to Malaysia related to the scandal-hit sovereign wealth fund 1MDB, authorities said Wednesday, as the Southeast Asian nation steps up efforts to recover looted cash.

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.

A total of 21 money laundering charges will be laid against former Malaysian prime minister Najib Razak over a $681 million transfer into his bank account, police said on Thursday, money that allegedly came from scandal-linked state fund 1MDB.

Malaysia has frozen more than 400 bank accounts as part of a probe into a multi-billion-dollar scandal at state fund 1MDB, a task force said on Monday, as the stepson of former prime minister Najib Razak was summoned for questioning.

When Malaysian Prime Minister Mahathir Mohamad unexpectedly won his bid for office in May, he pledged to do his best to find money that went missing in a massive corruption scandal under his predecessor. Former Prime Minister Najib Razak has been accused of stealing hundreds of millions of dollars from a state fund known as 1MDB

Hollywood star Leonardo DiCaprio confirmed Friday that he has turned over an Oscar won by Marlon Brando, along with other gifts, amid an inquiry into a multibillion-dollar money-laundering scheme involving a Malaysian sovereign wealth fund.

Although US prosecutors say billions of dollars were stolen from a state investment fund that Malaysian Prime Minister Najib Razak founded and oversaw, his government was unmoved on Thursday by the allegations.

Malaysian Prime Minister Najib Razak's bank accounts were used to purchase $15 million in luxury goods and pay out millions more to political figures ahead of 2013 elections, the Wall Street Journal reported.

Malaysia's embattled Prime Minister Najib Razak defiantly vowed today he "will not surrender" to critics who have assailed him over a festering funding scandal, and said his government's economic stewardship was not to blame for a sliding currency.

Malaysian Prime Minister Najib Razak on Thursday vowed "no surrender" as he fends off allegations of corruption and abuse of power over a political funding scandal that has prompted calls for his removal.

Malaysia's embattled premier will preside over a tense ruling party assembly this week amid calls for his removal over a funding scandal that has left the party facing one of the biggest crises in its half-century rule.

Malaysia's anti-graft agency has said that nearly $700 million deposited into the prime minister's personal bank accounts were from "donations" and not related to a brewing scandal.

A task force investigating Malaysia's troubled state investment fund 1MDB said on today it had frozen half a dozen bank accounts following a media report that nearly $700 million had been transferred to an account of Prime Minister Najib Razak.

The National University of Singapore said Friday that it will question a Malaysian law student over a sexually explicit blog that has caused a scandal in both countries. Alvin Tan, 24, who is on a scholarship funded by the Singapore government, and his Malaysian girlfriend Vivian Lee, 23, have temporarily taken down the blog, called "Sumptuous Ero...

Malaysia's jailed former prime minister Najib Razak returned to court Thursday to face more charges linked to a multi-billion-dollar financial scandal at state fund 1MDB, two days after he began serving a 12-year prison term.

The United States has returned $452 million to Malaysia related to the scandal-hit sovereign wealth fund 1MDB, authorities said Wednesday, as the Southeast Asian nation steps up efforts to recover looted cash.

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.

A total of 21 money laundering charges will be laid against former Malaysian prime minister Najib Razak over a $681 million transfer into his bank account, police said on Thursday, money that allegedly came from scandal-linked state fund 1MDB.

Malaysia has frozen more than 400 bank accounts as part of a probe into a multi-billion-dollar scandal at state fund 1MDB, a task force said on Monday, as the stepson of former prime minister Najib Razak was summoned for questioning.

When Malaysian Prime Minister Mahathir Mohamad unexpectedly won his bid for office in May, he pledged to do his best to find money that went missing in a massive corruption scandal under his predecessor. Former Prime Minister Najib Razak has been accused of stealing hundreds of millions of dollars from a state fund known as 1MDB

Hollywood star Leonardo DiCaprio confirmed Friday that he has turned over an Oscar won by Marlon Brando, along with other gifts, amid an inquiry into a multibillion-dollar money-laundering scheme involving a Malaysian sovereign wealth fund.

Although US prosecutors say billions of dollars were stolen from a state investment fund that Malaysian Prime Minister Najib Razak founded and oversaw, his government was unmoved on Thursday by the allegations.

Malaysian Prime Minister Najib Razak's bank accounts were used to purchase $15 million in luxury goods and pay out millions more to political figures ahead of 2013 elections, the Wall Street Journal reported.

Malaysia's embattled Prime Minister Najib Razak defiantly vowed today he "will not surrender" to critics who have assailed him over a festering funding scandal, and said his government's economic stewardship was not to blame for a sliding currency.

Malaysian Prime Minister Najib Razak on Thursday vowed "no surrender" as he fends off allegations of corruption and abuse of power over a political funding scandal that has prompted calls for his removal.

Malaysia's embattled premier will preside over a tense ruling party assembly this week amid calls for his removal over a funding scandal that has left the party facing one of the biggest crises in its half-century rule.

Malaysia's anti-graft agency has said that nearly $700 million deposited into the prime minister's personal bank accounts were from "donations" and not related to a brewing scandal.

A task force investigating Malaysia's troubled state investment fund 1MDB said on today it had frozen half a dozen bank accounts following a media report that nearly $700 million had been transferred to an account of Prime Minister Najib Razak.

The National University of Singapore said Friday that it will question a Malaysian law student over a sexually explicit blog that has caused a scandal in both countries. Alvin Tan, 24, who is on a scholarship funded by the Singapore government, and his Malaysian girlfriend Vivian Lee, 23, have temporarily taken down the blog, called "Sumptuous Ero...