1MDB
Malaysia Secures RM1.4 Billion Settlement with JPMorganChase Over 1MDB Claims
Malaysia and JPMorganChase reached a RM1.4b settlement, resolving all historic and future 1MDB claims, with both parties withdrawing pending appeals.
Category: Fraud
Business News
PAC points to Covid-19, flawed approach in Khazanah’s RM43.9m FashionValet losses
The Public Accounts Committee revealed Khazanah’s RM43.9 million losses from FashionValet stemmed from governance gaps and risks, urging improved oversight and accountability in investments.
1MDB
High Court Sets Sept 19 to Hear Najib’s Bid on Royal House Arrest Addendum
The High Court will hear Najib Razak's application on Sept 19 regarding new evidence for his house arrest sentence enforcement.
Business News
Police Arrest More in MBI Fraud Probe as Mayu Global Assets Gradually Released
Police have arrested more individuals, including those with titles, linked to the MBI International investment fraud scheme.
Banking and Finance
71 held in nationwide raids on mule account syndicates
Police arrested 71 individuals, including eight foreigners, in 59 raids for mule account activities, seizing cash and ATM cards.
Business News
Hotelier in Formula 1 Bribery Case Pleads Guilty in Singapore
Singapore billionaire Ong Beng Seng pleads guilty in corruption case involving luxury gifts tied to Formula 1 Grand Prix deals.
1MDB
No Credible Proof Jho Low Is in China Using Aussie Passport, Says Home Minister
Home Minister Saifuddin Nasution Ismail dismissed reports alleging Jho Low's presence in China, citing lack of credible evidence.
1MDB
1MDB Scandal Cost Malaysia a Staggering $18 Billion (✅ RM 82.8 billion) – Far Beyond Initial Estimates
Malaysia's 1MDB scandal's real cost exceeds $18 billion, with significant losses due to theft and inflated deals affecting development.
Business News
TH Plantations Takes Action Against CEO and CFO Over RM5.1 Million Unauthorized Payments
TH Plantations placed CEO Mohamed Zainurin on garden leave and accepted CFO Marliyana's immediate resignation following unauthorized payments investigation.
Business News
Epstein Files: Justice Dept Admits No ‘Client List’, MAGA Furious Over “Truckload” Evidence Inexistence
The Justice Department faces backlash for withholding Epstein investigation records, sparking conflict within Trump’s circle.
Business News
Immigration Busts Two Syndicates Selling Fake Work Permits in Klang Valley
Immigration busted two syndicates selling fake PLKS permits, arresting six foreigners and seizing passports, fake stickers, and documents.
Banking and Finance
Singapore Fines Global Banks $27m Over Massive Laundering Scandal
Singapore fined nine financial institutions SG$27.45 million for anti-money laundering failures in a significant case.
Fraud
Datuk Company Director Arrested for Alleged RM75mil Money Laundering in Malaysia
Datuk director arrested for laundering RM75mil from a RM400mil loan, probed under Ops Fibre, accounts frozen.
Banking and Finance
Ipoh oil and gas consultant loses RM2.7 million in online investment scam
A consultant lost RM2.7 million to the fraudulent Nova 88 scheme, highlighting risks of unverified investments. Police are investigating.
Banking and Finance
Singapore clamps down on crypto exchanges after scandals
Singapore mandates licenses for overseas-serving crypto exchanges by June 30, citing money laundering risks and regulatory concerns, following recent scandals.
Business News
Engineer Loses RM275,000 in Moomoo Investment Scam
Engineer loses RM275,000 in Moomoo scam via WhatsApp; police urge verifying investments using Mule Check, CCID, or 997 hotline.