Malaysia

Swiss police seize Monet and Van Gogh art linked to 1MDB

Monet's Nympheas Avec Reflets de Hautes Herbes at Sotheby's auction house in London in 2013 Swiss police have seized three paintings as part of a huge Malaysian Corruption investigation
22/07/16
Corruption Problem: 
Fraud
Money Laundering
Corruption
Sector: 
Executive/Government
Private Sector

Singapore seizes $177m as part of Malaysia corruption probe

1MDB is at the centre of a global Corruption investigation. The local units of Standard Chartered and UBS, Southeast Asia's biggest lender DBS and Falcon Bank were all found to have "lapses and weaknesses in anti-Money Laundering controls".
21/07/16
Corruption Problem: 
Fraud
Money Laundering
Corruption
Sector: 
Banking and Finance
Executive/Government

Malaysia 1MDB investigation: US seeks to seize $1bn in assets

The US Department of Justice has moved to seize more than $1bn (£761m) from Malaysia's state fund 1MDB. The department alleges the funds were "misappropriated" and though it did not name Prime Minister Najib Razak directly, he is identifiable in the suit as someone whose account allegedly received huge sums. He has in the past denied wrongdoing.
21/07/16
Corruption Problem: 
False Accounting
Mismanagement of Public Funds
Misuse of Public Position
Sector: 
Executive/Government

Malaysischer Staatsfond: USA wollen Vermögen im Wert von einer Milliarde beschlagnahmen

Corruption affair involving Malaysia's Prime Minister Najib Razak: The US accuses Malaysia of having bought US luxury real estate, paintings by Van Gogh and Claude Monet and a Bombardier aircraft with embezzled money. The US Justice Department announced the sequestration of assets of more than one billion dollars.
21/07/16
Corruption Problem: 
Embezzlement
Sector: 
Executive/Government

Swiss criminal probe into BSI bank

Swiss financial regulators have opened criminal proceedings against BSI bank over links corruption allegations Malaysia's 1MDB fund.
24/05/16
Corruption Problem: 
Corruption
Sector: 
Banking and Finance 

Malaysian PM's stepson bought £23m London house using troubled state fund

The stepson of the Malaysian prime minister bought £23m house in London using troubled state fund 1MDB
19/05/16
Corruption Problem: 
Money Laundering
Embezzlement
Sector: 
Executive/Government
Private Sector

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