After several delays, the first trial of Najib Razak, the former Prime Minister of Malaysia, began on April 3rd. He is accused of plundering the Malaysian Sovereign Wealth fund, 1Malaysia Development Berhad (1MDB), which he set up to drive the development efforts in Malaysia.… Continue Reading
Both the Financial Times and Fortune named Billion Dollar Whale the Best Book of 2018. It’s the story of how Goldman Sachs helped Jho Low steal more than $5 billion from the Malaysian sovereign wealth fund, 1MDB.… Continue Reading
In a filing with the SEC, Goldman Sachs said 2018 equity-based pay awards would be subject to clawbacks depending on the results of the 1MDB investigations.
According to the filing, Chairman and CEO David Solomon received $23 million in total 2018 annual compensation.… Continue Reading
Academy Award winning actor Leonardo DiCaprio appeared covertly before a Washington, D.C. grand jury to testify as part of the DOJ’s investigation into the looting of Malaysian sovereign wealth fund 1MDB.… Continue Reading
The Monetary Authority of Singapore (MAS) today banned former Goldman Sachs banker Tim Leissner for life after his plea deal with the U.S. Justice Department admitting his role in the 1MBD scandal. … Continue Reading
The day after the DOJ announced FCPA and money-laundering conspiracy charges against Jho Low and two former Goldman Sachs bankers, Goldman itself published an update about the 1MDB case and ongoing investigations.… Continue Reading
The Malaysian anti-corruption agency arrested ex-PM Najib Razak’s wife Wednesday for laundering money looted from the 1MDB sovereign wealth fund.
Eight former agents from Malaysia’s foreign intelligence agency were arrested this week for allegedly stealing $12 million in government funds.… Continue Reading
The $250 million super yacht once belonging to 1MDB fugitive Low Taek Jho docked in Malaysia Tuesday.