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Malaysia's High Court is hearing arguments in a significant civil case where 1MDB and its four subsidiaries seek to demonstrate how former Prime Minister Najib Razak allegedly orchestrated a US$5.64 billion fraud affecting the state investment fund.
Three company directors have been charged in Shah Alam with multiple counts of money laundering and misappropriating millions of ringgit belonging to a non-governmental organisation, raising fresh concerns about financial governance.
A Singapore corporate services provider has been sentenced to 32 weeks' jail for fabricating financial records and assisting foreigners in the nation's largest money laundering operation worth S$3 billion.
Finance Minister Anwar Ibrahim has alleged that the Kumpulan Wang Persaraan Pilihan (KWAP) fell victim to deliberate fraud in a RM200 million eFishery investment, with company management accused of manipulating financial records.
Two co-founders of Fullerton Healthcare Corporation have been fined a combined S$160,000 for falsifying entertainment claims worth more than S$211,000. The funds were not for personal gain but to assist a third party.
Malaysia's Court of Appeal has upheld a RM84.64 million fraud ruling against former Protasco directors, reinforcing legal standards on oral and written judgments in corporate misconduct cases.
A US federal judge has rejected Elon Musk's attempt to overturn a jury verdict finding him liable for defrauding Twitter investors during his $44 billion takeover of the social media platform in 2022.
Gautam Adani's legal team has petitioned a US federal judge to formally dismiss criminal bribery charges after the Justice Department withdrew prosecution. The case centred on alleged corruption involving a solar energy project.