1Malaysia Development Berhad scandal

Former Malaysian Prime Minister Najib Razak pleaded not guilty Wednesday to three new money-laundering charges related to the alleged multibillion-dollar looting of a state investment fund that led to his stunning electoral defeat three months ago.

Former Malaysian leader Najib Razak was questioned by anti-corruption authorities yesterday after his shock election loss, as the top graft fighter revealed he faced threats and a bullet in the post when the old regime suppressed a probe into a massive financial scandal.

Swiss prosecutors said on May 1 that were investigating two officials from Saudi energy group PetroSaudi as part of a wider inquiry into the suspected theft of assets from Malaysia's 1MDB state fund.

A luxury yacht linked to allegations that $4.5 billion was looted from Malaysia’s state investment fund 1MDB is being handed over to the FBI, which is probing the scandal, Indonesian police said on March 8.

Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of U.S. bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.

Luxembourg watchdogs have fined the local arm of Swiss private bank Edmond de Rothschild nearly 9 million euros (.1 million) for failing to take proper safeguards against money-laundering, the authorities and the bank said on Thursday, cited by Reuters.

Hollywood actor Leonardo DiCaprio was urged Friday to step down from his climate change position with the United Nations or renounce connections to a group that allegedly embezzled millions to gain favor with the White House.

Malaysia's former premier Mahathir Mohamad said on Feb. 29 that he is quitting the ruling United Malays National Organization (UMNO) party, as it is being seen as "supporting corruption" under Prime Minister Najib Razak's leadership.

The Saudi royal family was the source of a $681 million "donation" that has engulfed Malaysian Prime Minister Najib Razak in scandal, his attorney general said on Jan. 26, clearing the premier of graft allegations.

The U.S. Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1MDB, the Wall Street Journal reported on Sept.20 citing an unidentified source.