Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank's role in Malaysia's 1MDB corruption scandal, which included total penalties of $2.9 billion.

The government and 1Malaysia Development Bhd (1MDB) have reached settlements with three financial institutions, namely ...

MoF, through a written reply at the Dewan Rakyat said all cash proceeds from these three financial institutions were received ...

KUALA LUMPUR (Reuters) - Jailed former Malaysia Prime Minister Najib Razak on Thursday issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but maintained he ...

Economists call this the “grease the wheels” hypothesis. The idea is that when bureaucracy grinds too slowly, corruption can ...

The Cayman Island-registered vessel Equanimity (back R), which is reportedly worth some 250 million USD and is owned by Jho Low, a former unofficial adviser to the Malaysian fund 1MDB, sits in waters ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. KUALA LUMPUR, Malaysia (AP) — The Malaysian ...

Malaysia's extraordinary 1MDB corruption scandal allegedly saw top officials loot billions from a state fund and go on a worldwide spending spree -- buying up super-yachts, paintings by Van Gogh and ...

Malaysia Development Berhad (1MDB), the state fund at the centre of a massive corruption scandal, still had an estimated 32.3 billion ringgit ($7.80 billion) in outstanding debt as of September, the ...

P ETALING JAYA: Malaysia has so far recovered about RM20.8 billion in funds linked to the 1MDB scandal through settlements ...

The judge dismissed the liquidators’ suit as the alleged transactions happened before Singapore’s cross-border insolvency law took effect.

The Malaysian Anti-Corruption Commission (MACC) has blocked three transactions amounting to about US$115.3 million (RM486.4 ...