Rare Bugatti supercars linked to 1MDB seized in Germany

ARTWORK, SUPERYACHT The multibillion-dollar 1MDB financial scandal has led to criminal investigations around the world – including in the United States, Switzerland and Singapore – involving politicians, celebrities and prominent individuals.  It is alleged that billions of dollars were pilfered from the fund by a number of people and used to buy items ranging from … Read more

Jail terms sought for accused in US$1.8 billion 1MDB fund fraud

Prosecutors also requested the detention of the two due to the perceived risk of flight in the gap between the trial and the verdict. Obaid is a Swiss-Saudi dual national, while Mahony is Swiss-British. Obaid’s lawyer Daniel Zappelli highlighted the absence of Najib and Low, and said there were variations in the amounts that the … Read more

Najib’s reduced sentence not commensurate with gravity of crime, says Ramkarpal

PETALING JAYA: The reduced sentence of six years’ jail and a RM50mil for Datuk Seri Najib Razak is inadequate given the gravity of the former prime minister’s crime, says Ramkarpal Singh. The Bukit Gelugor MP called on the Pardons Board to explain its rationale for the reduction of the sentence imposed on Najib, who was … Read more

Snap Insight: Former Malaysia PM Najib’s reduced jail term is a bittersweet irony for UMNO

BOSSKU’S LASTING INFLUENCE Najib’s age matters a lot here. If he does not receive any sentence reduction, he will be 81 years old when released in 2034. If Najib walks free in 2026, he will be 73 years old – not significantly older than the past four prime ministers when they assumed office. However, the … Read more