Latest in 1MDB

Former Malaysian prime minister Najib Razak has been found guilty on seven charges in the fraud and corruption trial related to the 1MDB Malaysian state investment fund. The verdict is likely to carry a heavy sentence; Razak has vowed to appeal. The scandal dates back to 2015, when the PM was accused of embezzling…

Riza Aziz, founder and CEO of Red Granite Pictures and the stepson of former Malaysian prime minister Najib Razak, has pleaded not guilty to laundering $248 million from a state investment fund. Aziz, 42, entered his plea Friday and was released on bail, according to The Associated Press. He was arrested a day earlier…

EXCLUSIVE: A feature film will be made about the finance scandal that saw mysterious moneyman Jho Low vanish along with an estimated $5 billion from the Malaysian treasury after he and associates blazed a trail of excess in Hollywood, leading the Malaysian prime minister to exit in scandal and Goldman Sachs facing…

Red Granite Pictures, the Hollywood financier and producer of Oscar-nominated The Wolf of Wall Street and other movies, has reached a settlement with the U.S. government for a portion of a wide-ranging federal investigation involving a fund known as 1 Malaysia Development Berhad, or 1MDB. Deadline was the first to…

It was inevitable and the Department of Justice signaled as much in their press conference last month when it was asked about whether investment banker Goldman Sachs would be investigated for establishing bonds for the controversial Malaysian 1MDB the money of which was allegedly misspent going into to fund Red Granite…