• But money can't buy Jho love

    The US Department of Justice (DOJ) in its third civil forfeiture suit on the 1MDB affair alleged around US$4.5 billion from the firm was misappropriated and also highlighted the purported masterminds, chief among them, it claimed, was Penang-born businessperson Low Taek Jho, better known as Jho Low. The DOJ covered in detail the alleged money trail from 1MDB to the bank accounts of Low and his associates, but on the side, also provided a glimpse of how he apparently courted the women of his dreams, supposedly using 1MDB-linked funds.

    published: 27 Jun 2017
  • DOJ should press charges if they have proof, says Hishamuddin

    Umno vice-president Hishammuddin Hussein has challenged the US Department of Justice (DOJ) to press charges if they have proof of wrongdoing in the 1MDB affair. Hishammuddin also sought to cast doubt on the identity of the nameless Malaysian Official 1 (MO1), whose wife has now appeared in DOJ's court filings.

    published: 18 Jun 2017
  • PH lawmakers march to Bank Negara carrying "pink diamonds"

    More than 30 Pakatan Harapan lawmakers today marched from the gates of Parliament to Bank Negara to petition governor Muhammad Ibrahim to start an investigation over the 1MDB affair. Leading the pack were opposition leader and Permatang Pauh MP Dr Wan Azizah Wan Ismail, Gelang Patah MP Lim Kit Siang, Bagan MP Lim Guan Eng and Shah Alam MP Khalid Samad. Holding up paper cutouts of "pink diamond" and a large red banner saying "Sayangi Malaysia Hapus Kleptokrasi" (Love Malaysia Destroy Kleptocracy), they walked for 30 minutes through 2.6km of roads and traffic. Ten representatives were allowed to enter Bank Negara to hand over a memorandum.

    published: 03 Aug 2017
  • Singapore police freeze two bank accounts linked to 1MDB probe

    By Rujun Shen and Yantoultra Ngui SINGAPORE/KUALA LUMPUR (Reuters) - Police in Singapore said on Wednesday they have frozen two bank accounts in connection with an investigation into alleged financial mismanagement and graft at Malaysia's troubled state fund 1Malaysia Development Berhad (1MDB). It was the first time accounts outside Malaysia had been frozen in connection with the investigation, which has left Malaysian Prime Minister Najib Razak facing his biggest crisis since he took office in 2009. "On 15 July 2015, we issued orders under the Criminal Procedure Code to prohibit any dealings in respect of money in two bank accounts that are relevant to the investigation," Singapore police said in a statement. Police did not identify the banks or the accounts in question because the invest...

    published: 22 Jul 2015
  • EVENING 5: Red Granite, DOJ in talks to settle 1MDB-linked suit

    The producer of “The Wolf of Wall Street”, Red Granite, is in talks to settle a U.S. Justice Department lawsuit alleging that the movie was funded by money from 1MDB; SP Setia says it is on track to buy I&P, forming one of the largest property firms in Malaysia; and Genting delays the opening of Resorts World Las Vegas to 2020. Charlotte Chong has more.

    published: 18 May 2017
  • Ex-Miss Malaysia finalises divorce from tycoon hubby

    The four-year divorce battle between former beauty queen Pauline Chai and billionaire Tan Sri Khoo Kay Peng over his £440 million (RM2.4 billion) fortune is finally over. Settlement to be decided by a UK High court judge later this year.

    published: 27 Jan 2017
  • Scandal hit Malaysia fund battles critics | FT World Notebook

    Claims of corruption at the state investment fund 1MDB have triggered a political power struggle in Malaysia. Arul Kanda, the former banker drafted in to restructure 1MDB at the start of this year, talks to the FT’s Michael Peel about dealing with this explosive affair. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes

    published: 22 Oct 2015
  • Ezam files suit for return of US$3.7 billion to 1MDB

    published: 14 Apr 2017
  • Nazri: Perkasa racist, they're not important

    Tourism and Culture Minister Nazri Abdul Aziz chided Perkasa for describing the launch of the East Coast Rail Link (ECRL) project on Aug 9 as a “Chinese affair”. The Umno supreme council member said if he could turn back time, he would want to learn the Mandarin language.

    published: 15 Aug 2017
  • 货船漏水沉船 170吨椰子海上漂

    170吨椰子虽然救不回来,但大马海事执法机构还是成功救出9名印尼籍船员...

    published: 16 Nov 2016
  • NEWS: Naza TTDI shelves IPO plans again

    Property firm Naza TTDI will revisit its IPO plans in the next two to three years. Its MD SM Nasarudin SM Nasimuddin says the timing is not right at the moment.

    published: 19 Oct 2016
  • Threats are no longer a one-nation affair says Hishammuddin

    At the Asean Defence Ministers Meeting, ADMM on Wednesday, Defence Minister Datuk Seri Hishammuddin Hussein says that Asean countries undertake nations threats with more confidence as a whole.

    published: 04 Nov 2015
  • 玛丽亚陈还被扣留 全国各地声援

    玛丽亚陈至今还被扣留,今晚多个州属聚集声援玛丽亚陈......

    published: 21 Nov 2016
  • Najib interrupted by Pakatan MPs

    Parliament - Nov 4, 2008 Opposition parliamentarians walked out of the Dewan Rakyat today in protest against Finance Minister Najib Abdul Razak's refusal to entertain questions during his winding-up of the Budget 2009 Bill debates. Najib, who told the House that questions would be answered at the end of his speech, did not allow the numerous attempts for clarification. Having started his speech at about 4:30pm, Najib was not able go very far into his speech before the discussion became - for more than half-an-hour - a noisy melee between Pakatan Rakyat and Barisan Nasional MPs.

    published: 06 Nov 2008
  • Shafie refuses to comment on actress vs driver scandal

    Rural and Regional Development Minister Shafie Apdal has refused to comment on the legal battle between a driver and actress Zahida Mohamed Rafiq, whom he is accused of having an affair with.

    published: 23 Oct 2014
  • 1MDB: Malaysia's stunning financial scandal

    Malaysia has been rocked for more than a year by a financial scandal involving Prime Minister Najib Razak, a state investment firm, and an alleged frenzy of embezzlement stunning in its scope and complexity. Authorities in a half-dozen countries have launched investigations into suspicions that several billion dollars was looted from complicated financial transactions involving 1MDB and parked around the world. Following are answers to key questions in the affair. What is 1MDB? In 2009, a sovereign wealth fund owned by a northern Malaysian state was rebranded by Najib as 1Malaysia Development Berhad, or 1MDB, and turned into a federal entity focusing on investments in strategic development projects. The fund is owned by the finance ministry, which is headed by Najib. He also chaired t...

    published: 27 Jun 2016
But money can't buy Jho love

But money can't buy Jho love

  • Order:
  • Duration: 1:36
  • Updated: 27 Jun 2017
  • views: 10884
videos
The US Department of Justice (DOJ) in its third civil forfeiture suit on the 1MDB affair alleged around US$4.5 billion from the firm was misappropriated and also highlighted the purported masterminds, chief among them, it claimed, was Penang-born businessperson Low Taek Jho, better known as Jho Low. The DOJ covered in detail the alleged money trail from 1MDB to the bank accounts of Low and his associates, but on the side, also provided a glimpse of how he apparently courted the women of his dreams, supposedly using 1MDB-linked funds.
https://wn.com/But_Money_Can't_Buy_Jho_Love
DOJ should press charges if they have proof, says Hishamuddin

DOJ should press charges if they have proof, says Hishamuddin

  • Order:
  • Duration: 1:07
  • Updated: 18 Jun 2017
  • views: 2849
videos
Umno vice-president Hishammuddin Hussein has challenged the US Department of Justice (DOJ) to press charges if they have proof of wrongdoing in the 1MDB affair. Hishammuddin also sought to cast doubt on the identity of the nameless Malaysian Official 1 (MO1), whose wife has now appeared in DOJ's court filings.
https://wn.com/Doj_Should_Press_Charges_If_They_Have_Proof,_Says_Hishamuddin
PH lawmakers march to Bank Negara carrying "pink diamonds"

PH lawmakers march to Bank Negara carrying "pink diamonds"

  • Order:
  • Duration: 1:25
  • Updated: 03 Aug 2017
  • views: 1414
videos
More than 30 Pakatan Harapan lawmakers today marched from the gates of Parliament to Bank Negara to petition governor Muhammad Ibrahim to start an investigation over the 1MDB affair. Leading the pack were opposition leader and Permatang Pauh MP Dr Wan Azizah Wan Ismail, Gelang Patah MP Lim Kit Siang, Bagan MP Lim Guan Eng and Shah Alam MP Khalid Samad. Holding up paper cutouts of "pink diamond" and a large red banner saying "Sayangi Malaysia Hapus Kleptokrasi" (Love Malaysia Destroy Kleptocracy), they walked for 30 minutes through 2.6km of roads and traffic. Ten representatives were allowed to enter Bank Negara to hand over a memorandum.
https://wn.com/Ph_Lawmakers_March_To_Bank_Negara_Carrying_Pink_Diamonds
Singapore police freeze two bank accounts linked to 1MDB probe

Singapore police freeze two bank accounts linked to 1MDB probe

  • Order:
  • Duration: 1:22
  • Updated: 22 Jul 2015
  • views: 662
videos
By Rujun Shen and Yantoultra Ngui SINGAPORE/KUALA LUMPUR (Reuters) - Police in Singapore said on Wednesday they have frozen two bank accounts in connection with an investigation into alleged financial mismanagement and graft at Malaysia's troubled state fund 1Malaysia Development Berhad (1MDB). It was the first time accounts outside Malaysia had been frozen in connection with the investigation, which has left Malaysian Prime Minister Najib Razak facing his biggest crisis since he took office in 2009. "On 15 July 2015, we issued orders under the Criminal Procedure Code to prohibit any dealings in respect of money in two bank accounts that are relevant to the investigation," Singapore police said in a statement. Police did not identify the banks or the accounts in question because the investigation is continuing. A 1MDB spokesman declined to comment. 1MDB, a property-to-energy group whose advisory board is chaired by Najib, is facing criticism over its debt of nearly 42 billion ringgit (£7.07 billion) and alleged mishandling of its finances. The freezing of the Singapore bank accounts follows a similar move in Malaysia where a task force investigating 1MDB said this month that it had frozen half a dozen bank accounts following a media report that millions of dollars had been transferred to accounts belonging to Najib. The Wall Street Journal reported on July 3 that investigators looking into 1MDB had traced close to $700 million (£448 million) of deposits moving through Falcon Bank in Singapore into the personal account of Najib in Malaysia. Reuters has not verified the Wall Street Journal report. Najib has denied taking any money for personal gain and said the corruption allegations are part of a malicious campaign to force him out of office. A 14-day notice period given to Dow Jones & Co, which publishes the Journal, to respond to a letter from Najib's lawyers seeking clarification, ended on Tuesday. TASK FORCE Singapore's central bank also said it is in contact with financial institutions in relation to the 1MDB investigation and Falcon Bank has said it is co-operating with inquiries. On Tuesday, the Monetary Authority of Singapore (MAS) said it was looking into whether banks followed rules on properly identifying customers and their sources of funds and on reporting suspicious transactions. "We're actually looking back to see if they have done all these things," MAS managing director Ravi Menon told a news conference. Malaysian authorities have set up a task force including police, the attorney-general, the central bank and the national anti-corruption agency to look into the 1MDB affair. As part of the investigation, two people have been arrested this week, the Bernama state news agency reported. One of them was identified as the managing director of a company, who was arrested on Tuesday, while the director of a construction company were arrested at Kuala Lumpur's international airport on Monday, Bernama said. Authorities did not identify the two. Separately, two opposition lawmakers who have both been critical of 1MDB said on Wednesday they had been barred from leaving the country. Tony Pua and Rafizi Ramli both said authorities had not given them a reason for the travel ban. Immigration authorities were not immediately available for comment. Earlier, a former newspaper editor seen as close to the ruling party recently alleged that the two had worked with a website to forge documents on 1MDB. The two politicians denied that. The website, Sarawak Report, has published allegations of graft and mismanagement within 1MDB, citing documents from whistleblowers. The site's editor, Clare Rewcastle-Brown, has also denied the accusation. Authorities have blocked her website since Sunday for violating an Internet law. (Additional reporting by Trinna Leong, Anshuman Daga, Saeed Azhar and Praveen Menon; Editing by Rachel Armstrong, Robert Birsel)
https://wn.com/Singapore_Police_Freeze_Two_Bank_Accounts_Linked_To_1Mdb_Probe
EVENING 5: Red Granite, DOJ in talks to settle 1MDB-linked suit

EVENING 5: Red Granite, DOJ in talks to settle 1MDB-linked suit

  • Order:
  • Duration: 4:38
  • Updated: 18 May 2017
  • views: 1269
videos
The producer of “The Wolf of Wall Street”, Red Granite, is in talks to settle a U.S. Justice Department lawsuit alleging that the movie was funded by money from 1MDB; SP Setia says it is on track to buy I&P, forming one of the largest property firms in Malaysia; and Genting delays the opening of Resorts World Las Vegas to 2020. Charlotte Chong has more.
https://wn.com/Evening_5_Red_Granite,_Doj_In_Talks_To_Settle_1Mdb_Linked_Suit
Ex-Miss Malaysia finalises divorce from tycoon hubby

Ex-Miss Malaysia finalises divorce from tycoon hubby

  • Order:
  • Duration: 1:00
  • Updated: 27 Jan 2017
  • views: 7228
videos
The four-year divorce battle between former beauty queen Pauline Chai and billionaire Tan Sri Khoo Kay Peng over his £440 million (RM2.4 billion) fortune is finally over. Settlement to be decided by a UK High court judge later this year.
https://wn.com/Ex_Miss_Malaysia_Finalises_Divorce_From_Tycoon_Hubby
Scandal hit Malaysia fund battles critics | FT World Notebook

Scandal hit Malaysia fund battles critics | FT World Notebook

  • Order:
  • Duration: 5:13
  • Updated: 22 Oct 2015
  • views: 1717
videos
Claims of corruption at the state investment fund 1MDB have triggered a political power struggle in Malaysia. Arul Kanda, the former banker drafted in to restructure 1MDB at the start of this year, talks to the FT’s Michael Peel about dealing with this explosive affair. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
https://wn.com/Scandal_Hit_Malaysia_Fund_Battles_Critics_|_Ft_World_Notebook
Ezam files suit for return of US$3.7 billion to 1MDB

Ezam files suit for return of US$3.7 billion to 1MDB

  • Order:
  • Duration: 1:40
  • Updated: 14 Apr 2017
  • views: 1880
videos
https://wn.com/Ezam_Files_Suit_For_Return_Of_US_3.7_Billion_To_1Mdb
Nazri: Perkasa racist, they're not important

Nazri: Perkasa racist, they're not important

  • Order:
  • Duration: 1:41
  • Updated: 15 Aug 2017
  • views: 819
videos
Tourism and Culture Minister Nazri Abdul Aziz chided Perkasa for describing the launch of the East Coast Rail Link (ECRL) project on Aug 9 as a “Chinese affair”. The Umno supreme council member said if he could turn back time, he would want to learn the Mandarin language.
https://wn.com/Nazri_Perkasa_Racist,_They're_Not_Important
货船漏水沉船 170吨椰子海上漂

货船漏水沉船 170吨椰子海上漂

  • Order:
  • Duration: 0:55
  • Updated: 16 Nov 2016
  • views: 2673
videos
170吨椰子虽然救不回来,但大马海事执法机构还是成功救出9名印尼籍船员...
https://wn.com/货船漏水沉船_170吨椰子海上漂
NEWS: Naza TTDI shelves IPO plans again

NEWS: Naza TTDI shelves IPO plans again

  • Order:
  • Duration: 0:39
  • Updated: 19 Oct 2016
  • views: 1415
videos
Property firm Naza TTDI will revisit its IPO plans in the next two to three years. Its MD SM Nasarudin SM Nasimuddin says the timing is not right at the moment.
https://wn.com/News_Naza_Ttdi_Shelves_Ipo_Plans_Again
Threats are no longer a one-nation affair says Hishammuddin

Threats are no longer a one-nation affair says Hishammuddin

  • Order:
  • Duration: 1:48
  • Updated: 04 Nov 2015
  • views: 409
videos
At the Asean Defence Ministers Meeting, ADMM on Wednesday, Defence Minister Datuk Seri Hishammuddin Hussein says that Asean countries undertake nations threats with more confidence as a whole.
https://wn.com/Threats_Are_No_Longer_A_One_Nation_Affair_Says_Hishammuddin
玛丽亚陈还被扣留 全国各地声援

玛丽亚陈还被扣留 全国各地声援

  • Order:
  • Duration: 2:20
  • Updated: 21 Nov 2016
  • views: 9745
videos
玛丽亚陈至今还被扣留,今晚多个州属聚集声援玛丽亚陈......
https://wn.com/玛丽亚陈还被扣留_全国各地声援
Najib interrupted by Pakatan MPs

Najib interrupted by Pakatan MPs

  • Order:
  • Duration: 10:00
  • Updated: 06 Nov 2008
  • views: 305601
videos
Parliament - Nov 4, 2008 Opposition parliamentarians walked out of the Dewan Rakyat today in protest against Finance Minister Najib Abdul Razak's refusal to entertain questions during his winding-up of the Budget 2009 Bill debates. Najib, who told the House that questions would be answered at the end of his speech, did not allow the numerous attempts for clarification. Having started his speech at about 4:30pm, Najib was not able go very far into his speech before the discussion became - for more than half-an-hour - a noisy melee between Pakatan Rakyat and Barisan Nasional MPs.
https://wn.com/Najib_Interrupted_By_Pakatan_Mps
Shafie refuses to comment on actress vs driver scandal

Shafie refuses to comment on actress vs driver scandal

  • Order:
  • Duration: 0:27
  • Updated: 23 Oct 2014
  • views: 6586
videos
Rural and Regional Development Minister Shafie Apdal has refused to comment on the legal battle between a driver and actress Zahida Mohamed Rafiq, whom he is accused of having an affair with.
https://wn.com/Shafie_Refuses_To_Comment_On_Actress_Vs_Driver_Scandal
1MDB: Malaysia's stunning financial scandal

1MDB: Malaysia's stunning financial scandal

  • Order:
  • Duration: 2:49
  • Updated: 27 Jun 2016
  • views: 154
videos
Malaysia has been rocked for more than a year by a financial scandal involving Prime Minister Najib Razak, a state investment firm, and an alleged frenzy of embezzlement stunning in its scope and complexity. Authorities in a half-dozen countries have launched investigations into suspicions that several billion dollars was looted from complicated financial transactions involving 1MDB and parked around the world. Following are answers to key questions in the affair. What is 1MDB? In 2009, a sovereign wealth fund owned by a northern Malaysian state was rebranded by Najib as 1Malaysia Development Berhad, or 1MDB, and turned into a federal entity focusing on investments in strategic development projects. The fund is owned by the finance ministry, which is headed by Najib. He also chaired the company's advisory board until it was dissolved in May. Its wide-ranging investments have included power plants and other energy assets in Malaysia and the Middle East, as well as major real estate developments in Kuala Lumpur. How did the graft allegations come out? By 2014, concerns began to emerge over reports that 1MDB was more than $11 billion in debt as a result of a massive borrowing spree and a series of opaque overseas acquisitions. Late that year it missed a payment on a nearly $1 billion loan. Though it eventually paid off the loan, its continued debt troubles brought intensifying scrutiny. What are some key allegations? In 2009, 1MDB invested $1 billion in a short-lived joint venture with PetroSaudi Holdings, a Saudi Arabian energy company. Media reports citing emails among players in the deal say they indicate $700 million disappeared from the venture and may have gone to a close Najib family associate, a charge that 1MDB hotly denies. In another instance, Abu Dhabi's sovereign wealth fund this year accused 1MDB of failing to pay back a loan of more than $1 billion. 1MDB insists it repaid the loan, but a Wall Street Journal report said documents show the money was paid to a shadowy British Virgin Islands company unrelated to the Abu Dhabi fund. In April, a Malaysian parliamentary report said 1MDB made more than $4 billion in suspicious payments to the now-dissolved British Virgin Islands company. How is Najib implicated? In July 2015, the Wall Street Journal revealed that Najib had received payments totalling $681 million in his personal bank accounts in 2013. Subsequent reports said the money originated from 1MDB and may have exceeded $1 billion, which 1MDB denies. Najib at first rejected the report as false and threatened legal action, but his government later acknowledged the payments. It (Other OTC: ITGL - news) said earlier this year the funds were a "personal donation" from the Saudi royal family. Saudi Foreign Minister Adel al-Jubeir in April said it was a "genuine donation" but only after weeks of Saudi silence that fuelled doubts about the alibi. The nature of the "donation" has never been fully explained. Najib and 1MDB strongly deny the "donation" came from the company. Has anyone faced justice? Authorities in Switzerland and Singapore have frozen millions in assets on suspicion of 1MDB-related embezzlement and money-laundering, but so far no major figures have been brought to justice. The most notable casualty so far has been Switzerland-based BSI Bank, which Swiss authorities accused of "serious breaches" of money-laundering regulations in its dealings with 1MDB. Swiss regulators last month approved plans for BSI Bank to be taken over by another private banking group and eventually dissolved. A half-dozen countries including the United States are still investigating the affair. What impact has this had on Malaysia? Over the past year, Najib has purged 1MDB critics from his cabinet, curbed domestic investigations, and moved to prevent further discussion of the scandal, sparking accusations he was clamping down to save his skin. As a result, Najib has dramatically strengthened his control of the country. A state-level election and two parliamentary by-elections in recent weeks were won handily by Najib's ruling coalition, further bolstering his position. Analysts say 1MDB looks unlikely to unseat Najib and that the various foreign investigations are so far not expected to touch him due to the carefully constructed complexity of the questionable money flows (Other OTC: UBGXF - news) .
https://wn.com/1Mdb_Malaysia's_Stunning_Financial_Scandal
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