News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
From 2009 to at least 2013, private individuals were allegedly able to siphon off more than $3.5 billion from the wealth fund of Malaysia and go on a high-end luxury shopping spree in several countries including the United States, the United Kingdom and Switzerland for property, museum-quality art and a private jet. … Continue Reading
Singapore said Thursday it has seized property and bank accounts linked to money allegedly diverted from Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad.
The seized property and accounts are worth about $177 million, Singapore authorities said.… Continue Reading
The DOJ alleged in a civil forfeiture complaint Wednesday that officials at Malaysia’s sovereign wealth fund 1MDB and the step son of the Malaysia prime minister diverted more than $3.5 billion from the fund.… Continue Reading
The DOJ filed a civil forfeiture complaint Wednesday against assets allegedly bought with money looted from Malaysia’s sovereign wealth fund, 1Malaysia Development Berhad.
More than $3.5 billion was misappropriated from the fund, the DOJ said.… Continue Reading
Singapore shut down the local operations of Swiss-based BSI Bank Tuesday and named six bankers suspected of possible criminal conduct in connection with the handling of a Malaysian government fund.
The Monetary Authority of Singapore (MAS) said it withdrew BSI Bank’s status as a merchant bank in Singapore.… Continue Reading
The Singapore Commercial Affairs Department and the Monetary Authority of Singapore said Monday they have seized a “large number” of bank accounts linked to a money laundering investigation involving the Malaysia state investment fund 1MDB.… Continue Reading
Malaysia PM Najib RazakMalaysia Prime Minister Najib Razak on Tuesday fired his deputy premier, Muhyiddin Yassin, who publicly questioned the government’s closure of two newspapers.
Muhyiddin also asked about delays in the continuing investigation into state-investment fund 1 Malaysia Development Bhd.… Continue Reading