Hong Kong-based company says it will defend itself, says funds were ‘ill-gotten by or for the benefit’ of M’sian senior govt officials, UAE sovereign fund’s top senior management
Money misappropriated between 2009 and 2014 was put through layers of sham companies and fake transactions to seem as if 1MDB’s investments had generated returns
OCM accepts decision of badminton and squash, among others, being axed from 2026 Games as organisers plan for a leaner, more financially sustainable event
While Malaysia celebrates the return of US$1.37b in misappropriated 1MDB assets from the US, Law Minister Datuk Seri Azalina Othman Said reveals that the final tally of recovered wealth remains a moving target due to market fluctuations and complex, ongoing global court battles
