Malaysia Fines 80 People, Groups for Alleged 1MDB Payments

The New York Times Finance 1 month ago

KUALA LUMPUR, Malaysia — Malaysia has ordered 80 people and groups to pay fines totaling about $100 million for allegedly receiving funds from the 1MDB state investment fund.

Among those ordered to pay the fines in an announcement Monday was a brother of former Prime Minister Najib Razak.

Najib faces 42 charges of corruption, abuse of power and money laundering in five separate criminal cases linked to the multibillion-dollar looting of 1MDB.

Public anger over the alleged corruption contributed to the shocking election defeat of Najib's long-ruling coalition in May 2018.

The head of the Malaysian Anti-Corruption Commission, Latheefa Koya, told reporters the fines could total as much as 2.5 times the amount the people and groups allegedly received from 1MBD.

She said the fines totaled about 420 million Malaysian ringgit ($100 million).


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ABC News › Finance › 1 month ago
Malaysia has ordered 80 people and groups to pay fines totaling about $100 million for allegedly receiving funds from the 1MDB state investment fund
The New York Times › 1 month ago
Malaysia has fined the brother of former premier Najib Razak and other people and companies for allegedly receiving money from state fund 1MDB, the country's anti-graft chief said on Monday.
Reuters › 1 month ago
Malaysia has fined 80 individuals and entities for allegedly receiving money from state fund 1MDB, the country's anti-graft chief said on Monday.
One America News Network › 3 weeks ago
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One America News Network › Sports › 3 weeks ago
KUALA LUMPUR (Reuters) - Malaysia has discussed a $2 billion to $3 billion settlement with Goldman Sachs over the U.S. bank's alleged role in the 1MDB scandal, Bloomberg reported on Wednesday, less
The New York Times › Finance › 3 weeks ago
Malaysia has discussed a $2 billion to $3 billion settlement with Goldman Sachs over the U.S. bank's alleged role in the 1MDB scandal, Bloomberg reported on Wednesday, less than half the sum the Southeast Asian nation had demanded earlier.
The New York Times › Finance › 1 month ago
Malaysia has begun investigating about 80 individuals and entities for allegedly receiving money from 1MDB, which is under scrutiny for corruption and money laundering, the country's anti-graft chief said on Monday.
One America News Network › 1 month ago
KUALA LUMPUR (Reuters) - Malaysia has begun investigating about 80 individuals and entities for allegedly receiving money from 1MDB, which is under scrutiny for corruption and money laundering, the
Reuters › Finance › 1 week ago
Malaysia is working to locate at least $4.3 billion in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.
The New York Times › Finance › 1 week ago
Malaysia is working to locate at least $4.3 billion in assets that have yet to be accounted for in a global money laundering probe into state fund 1MDB, its anti-corruption chief said on Tuesday.
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