Malaysians should be forever grateful that the foreign media, especially Wall Street Journal, are continuing to focus on MALAYSIA'S SCANDAL OF THE CENTURY! Yet, the chief perpetrator, and his many sycophantic underlings, still sit comfortably in their high-paying chairs of authority, and seeming Immunity. And IMPUNITY.

But this writer believes that JUSTICE SHALT FINALLY TRIUMPH, but MALAYSIANS MUST RISE TO THE OCCASION WHEN A CIVIL DISOBEDIENCE MOVEMENT SPRINGS UP TO A PEAK and THE CITIZENS SHALL REMOVE THESE CORRUPT RAPISTS OF THE NATION's WEALTH.

The RAKYAT/PEOPLE SHALT REIGN SUPREME, not THE PM AND HIS CLUELESS CABINET -- CLUELESS ABOUT REESPONSIBILITY, ACCOUNTABILITY & TRANSPARENCY.

COURTESY of www.wsj.com:~~~~~

Malaysia Corruption Scandal, 1MDB & Najib Razak Latest News

May 26, 2016

Malaysia’s Probe Into 1MDB Fund Was Flawed

Investigations ordered by Malaysia’s leader into graft allegations at a state-development fund have been undermined by political pressure and a lack of transparency, according to documents and interviews with people involved.

May 26, 2016 1MDB Unit Bought by China Nuclear Firm Was Distressed, Auditor Says
An audit of a key energy-group sold by troubled state investment fund 1Malaysia Development Bhd. to a Chinese state-owned nuclear power company flagged deep uncertainty over the company’s viability.
May 25, 2016 Swiss Bank Is Charged Over 1MDB Dealings
Authorities in Switzerland and Singapore took action against Swiss private bank BSI SA for allegedly failing to prevent suspected money laundering and bribery related to its dealings with a Malaysian development fund.
May 24, 2016 Malaysia’s 1MDB Tells Creditors No Plans to Wind Down
Malaysian state investment fund 1Malaysia Development said on a call with creditors Monday that there are no plans to wind the troubled fund down.
May 18, 2016 Investigators Studying Former 1MDB Official’s Payment to Ex-Goldman Banker
International investigators are examining funds sent to a former senior Goldman Sachs banker from a lawyer with ties to a scandal-embroiled Malaysian investment fund.
May 18, 2016 Malaysia’s CIMB Chairman to Resume Role After Money-Transfer Review
Nazir Razak, the youngest brother of Malaysia Prime Minister Najib Razak, will resume his role as chairman of the country’s second-largest lender CIMB Group Holdings Bhd effective Thursday.
May 12, 2016 Malaysian Leader Najib’s Stepson Allegedly Funded U.S. Property Deals With 1MDB Money
At least $50 million allegedly diverted from a state investment fund in Malaysia was spent on luxury properties in New York and Los Angeles by the stepson of the Malaysian prime minister.
May 11, 2016 Interest Due on 1MDB Bond Paid by Abu Dhabi Fund
Abu Dhabi sovereign-wealth fund IPIC said it made the $52.4 million interest payment under its legal obligation as a guarantor of the $1.75 billion 1MDB bond.
May 9, 2016 Spotlight Swings to Malaysia’s Exposure to 1MDB Bond Defaults
As investors brace for another potential default on debt issued by a troubled Malaysian government investment fund, attention is turning to the possible cost to the Malaysian government if it has to bail the fund out.
May 8, 2016 Malaysia’s Najib Earns Respite After State Election Win
The strong victory secured by Malaysia’s ruling coalition in a key state election gave a much-needed boost to Prime Minister Najib Razak, who has been buffeted by a scandal at a government-backed investment fund.
May 7, 2016 Malaysia’s Ruling Coalition Wins Big in State Election
The prime minister’s ruling coalition secured a strong victory in Malaysia’s largest state, the first electoral challenge since a scandal at a government-backed fund rocked his administration.
May 5, 2016 Malaysia’s Najib Rains Largess Ahead of Vote
The state of Sarawak, a swath of jungle, rivers and oil fields, is attracting government largess as Malaysia’s Prime Minister Najib Razak, embroiled in the 1MDB scandal, faces the toughest fight of his political career.
May 4, 2016 Malaysia to Dissolve Najib-Led 1MDB Board
Malaysia will dissolve the advisory board of a state-investment fund headed by Prime Minister Najib Razak, as global investigations into 1Malaysia Development Bhd. continue.
April 26, 2016 Malaysia’s 1MDB Defaults on Series of Bonds
Troubled Malaysian government investment fund 1Malaysia Development Bhd. defaulted on a series of bonds Tuesday, weighing on the country’s stock and currency markets and raising concerns that the government may eventually have to spend billions to bail out the fund.
April 26, 2016 1MDB Confirms Default on $1.75 Billion Bond Issue
Troubled Malaysian state investment fund 1MDB said it defaulted on a $1.75 billion bond issue, triggering cross defaults on two other Islamic notes totaling $1.9 billion.
April 25, 2016 Abu Dhabi Fund Prepared to Pay Interest for 1MDB Bond
Abu Dhabi’s International Petroleum Investment said it would make an overdue interest payment on a 1Malaysia Development Bhd. bond, but only if the troubled investment fund defaults on the debt.
April 22, 2016 1MDB, IPIC in Dispute Over Monday Bond Payment
Troubled government investment fund 1Malaysia Development Bhd must make a $50 million debt payment on Monday or face the possibility of a default that could trigger defaults on billions more of its debt.
April 26, 2016 Singapore Charges Ex-Banker for Wealth Advisors to 1MDB
The wealth planner had worked for a Swiss private bank that is under scrutiny by Singaporean authorities for its relationship with the Malaysian state fund.
April 20, 2016 Malaysia Prime Minister’s Confidant Had Central Role at 1MDB Fund
Jho Low controlled hundreds of millions of dollars of money through a network of contacts, and amassed riches himself.
April 18, 2016 Abu Dhabi Fund Calls 1MDB in Default After Missed Payment
A key Middle Eastern business partner of 1Malaysia Development Bhd. said the Malaysian state development fund has failed to make a $1.1 billion payment as part of a debt-restructuring agreement.
April 18, 2016 1MDB and Abu Dhabi Feud Over Coming Bond Payment
A dispute between Malaysia’s and Abu Dhabi’s sovereign-wealth funds over missing billions of dollars is coming to a head this week, with the potential to send ripples through currency and bond markets.
April 15, 2016 Saudi Minister Says He Was Aware of Donation to Malaysia’s Najib
Saudi Arabia’s foreign minister said he was aware of a political donation from Saudi Arabia to Malaysia’s prime minister, whose private bank accounts are a focus of international corruption probes into state investment fund 1MDB.
April 12, 2016 Switzerland Expands 1MDB Investigation
Swiss authorities have expanded their investigation of 1MDB to focus on two former Abu Dhabi officials linked to financial dealings with the Malaysian state investment fund that have come under mounting global scrutiny.
April 11, 2016 Abu Dhabi Fund Says It Never Received 1MDB Payments
The International Petroleum Investment Co. said publicly for the first time that it hadn’t received billions of dollars in payments that 1Malaysia Development claims it sent.
April 8, 2016 Malaysian Politician Charged With Violating Secrets Law on 1MDB Report
A senior opposition figure was charged in court with breaking official secrecy laws and divulging details from a classified auditor-general’s report on troubled state investment fund 1Malaysia Development Bhd., or 1MDB.
April 7, 2016 Critical 1MDB Report Spares Malaysia’s Najib Razak
A report into Malaysia’s 1MDB alleged fraud connected to the fund, and the board of directors offered to resign. But the findings made no mention of Prime Minister Najib Razak, prompting critics to accuse officials of shielding him from fallout.
April 7, 2016 1MDB Board Offers to Resign After Malaysia Inquiry Calls for Probe of Top Managers
The offer from the board of the Malaysian state fund came after a parliament inquiry found that billions of dollars have gone missing from 1MDB and recommended that senior management face a criminal investigation.
April 7, 2016 Fed Warned Goldman on Malaysia Bond Deals
Regulators at the Federal Reserve have raised concerns with Goldman Sachs Group that deals it helped put together for a controversial Malaysian government investment fund could have put the firm’s reputation at risk, according to people familiar with the matter.
April 6, 2016 Malaysian Opposition Figure Held in 1MDB Secrets Probe
A Malaysian court ordered a senior opposition lawmaker to be detained for three days to allow police to further investigate whether he broke secrecy laws by divulging details from a classified report on troubled state investment fund 1MDB.
April 5, 2016 Malaysian Opposition Figure Arrested
A senior Malaysian opposition lawmaker was detained for divulging details from a classified investigation report on troubled state investment fund 1MDB.
April 1, 2016 The Secret Money Behind ‘The Wolf of Wall Street’
Investigators believe much of the cash to make the Leonardo DiCaprio film about a stock swindler originated with an embattled Malaysian state development fund called 1MDB.
April 1, 2016 Authorities Investigating 1MDB Focusing on Bond Proceeds
Authorities in three countries investigating a Malaysian government investment fund appear to be focusing on what happened to the proceeds of $3.5 billion in bonds sold by the fund in 2012.
March 31, 2016 1MDB Probe Shows Malaysian Leader Najib Spent Millions on Luxury Goods
Bank documents obtained in a probe of Malaysian government investment fund 1MDB show accounts of Prime Minister Najib paid out $15 million for clothes, jewelry and a car.
March 27, 2016 Malaysian Prime Minister’s Foes Step Up Drive for His Ouster
Former Malaysian leader Mahathir Mohamad led a gathering of more than 1,000 politicians and activists urging Prime Minister Najib Razak to resign.
March 23, 2016 Malaysia’s Former Leader Sues Prime Minister Over 1MDB Investigation
The lawsuit alleges that Prime Minister Najib Razak used his office to impede investigations into the management of hundreds of millions of dollars at state investment fund 1MDB.
March 24, 2016 Malaysia Considers Caning People Who Reveal State Secrets
Malaysia’s cabinet is split over whether to adopt Attorney General Mohamed Apandi Ali’s recommendation, which he said could be used to prosecute journalists who refuse to disclose their sources.
March 22, 2016 Goldman-1MDB Probe Zeroes In on Bond Deals
The investigation is focusing on whether the Wall Street firm misled investors when it sold securities issued by the Malaysian government-investment fund.
March 21, 2016 Malaysia Prime Minister Najib Razak Says He Isn’t a ‘Crook’
Prime Minister Najib Razak has told supporters that he isn’t a “crook,” amid continuing fallout from investigations into state investment fund 1MDB.
March 15, 2016 Malaysia Deports Two Australian Journalists Reporting on 1MDB
The two reporters had been briefly detained over the weekend after they attempted to question Prime Minister Najib Razak about corruption allegations surrounding a state-investment fund.
March 14, 2016 Malaysian Insider News Site to Close After Government Blockage
The owner of a Malaysian news site that was blocked by the country’s government after critical coverage of troubled state investment fund 1Malaysia Development Bhd. has decided to shut it down.
March 14, 2016 Australian Journalists Investigating 1MDB Scandal Arrested in Malaysia
A television reporter and cameraman with Australia’s ABC were briefly detained in Malaysia after attempting to interview Prime Minister Najib Razak.
March 12, 2016 1MDB Adviser to Lead Malaysia’s Central Bank
Irwan Serigar Abdullah, who is also a top official in the government’s finance ministry, is expected to be named as head of the agency investigating 1Malaysia Development Bhd., according to people familiar with the matter.
March 11, 2016 Goldman Confirms Southeast Asia Chairman Suspended Over Reference Letter
A former Goldman Sachs banker’s file with the securities industry’s self-regulating group confirmed that the Wall Street firm suspended him for making “inaccurate and unauthorized statements” in a reference letter he wrote without its consent.
March 11, 2016 Malaysia Fires Ex-PM Mahathir as Adviser to Petronas
Former leader Mahathir Mohamad was terminated as an adviser to state oil firm Petronas over his alliance with the opposition, which is demanding the resignation of embattled Prime Minister Najib Razak.
March 10, 2016 Goldman Hire Came as Bank Pitched Malaysia’s 1MDB
Goldman Sachs hired the daughter of a close ally to Malaysian Prime Minister Najib Razak around the time its bankers were looking for business from the country’s government investment fund, 1Malaysia Development Bhd.
March 9, 2016 Falcon Private Bank Seeks Distance From 1MDB Controversy
Falcon Private Bank on Wednesday sought to distance itself from a controversy involving a Malaysian state fund caught up in allegations of political corruption, saying the transactions it carried out were based on purely commercial terms.
March 8, 2016 Goldman Adviser to 1MDB Quit After Alleged Violations of Bank Policy
Tim Leissner, the Goldman Sachs partner who handled deals for a controversial Malaysian government investment fund, was suspended and later quit after bank investigators found he allegedly violated company policies.
March 8, 2016 Ex-Goldman Sachs Banker Subpoenaed in 1MDB Probe
Tim Leissner, Goldman Sachs’s former top banker in Southeast Asia, has been subpoenaed by U.S. investigators probing possible wrongdoing at 1MDB, a Malaysian government investment fund.
March 4, 2016 Malaysian Political Foes Join to Seek Najib’s Ouster
An unlikely alliance of some of Malaysia’s fiercest political foes joined to urge Prime Minister Najib Razak to resign, a new coalition that some experts said threatened to challenge his political survival.
March 3, 2016 Alleged Saudi Donation Off Agenda During Malaysia Premier’s Visit
Government of Prime Minister Najib Razak says $681 million in premier’s personal bank accounts was a Saudi donation, but the claim isn’t publicly addressed during four-day visit.