Sharp, essential news and analysis from Malaysia.
A former investment bank chief executive has pleaded not guilty to defrauding RM139.8 million intended for a private university management company. The case, heard in Sessions Court, raises questions about governance in Malaysia's financial sector.
Datuk Seri Najib Razak's senior counsel mounted vigorous cross-examination of a financial fraud investigator during the 1MDB trial, probing the breadth and depth of inquiries into allegedly missing US$620 million allegedly connected to the former PM.
Authorities in Kuantan have arrested a Datuk-titled businessman and his assistant over allegations of fraud involving a fraudulent letter purporting to carry the Tengku Mahkota of Pahang's official insignia.
A 47-year-old Singapore man convicted of bribery in June now faces more than 100 additional charges related to fraudulent investment schemes involving S$50.62 million, raising serious questions about regulatory oversight.