US Seeks Record Recovery of $540M In Case of Looted Sovereign Wealth Fund

WASHINGTON – US authorities on Thursday moved to seize another US$540 million in assets allegedly stolen in Malaysia’s multi-billion-dollar 1MDB fraud and used to fund extravagant spending, the Justice Department announced. Read more

Asian Billionaire ‘Showered Miranda Kerr With Gifts’

SUPERMODEL Miranda Kerr was showered in millions of dollars worth of diamonds by a billionaire Malaysian businessman, according to a new civil complaint filed by the US government. Read more

How Ex-Falcon Bank Manager’s Lies Misled 1MDB Corruption Scandal Probe

Lies told by a Swiss national, who was jailed here this week over the 1Malaysia Development Berhad scandal, denied the authorities vital clues to Malaysian tycoon Jho Low’s alleged role in the saga. Read more

Investigators Studying Former 1MDB Official’s Payment To Ex-Goldman Banker Tim Leissner

LONDON – International investigators are examining funds sent by a former official of 1MDB, to a former senior Goldman Sachs Group Inc banker, the Wall Street Journal reports. Read more

More Than $1B Deposited In Malaysian Prime Minister’s Account

More than US$1 billion ($1.4 billion) was deposited in the bank accounts of Malaysia’s Prime Minister Najib Razak millions more than was previously identified, according to the Wall Street Journal, quoting unnamed people familiar with the matter. Read more

Mystery Malaysian High Roller At Center of Global Money Laundering Investigations

He arrived from out of nowhere in 2009, a mysterious, geeky 28-year-old dropping ridiculous amounts of money all over the city. Read more