A former Goldman Sachs banker has been sentenced to two years in federal prison for his role in a $4.5 billion scheme to ransack a Malaysian state investment fund.

Former Malaysian Prime Minister Abdullah Ahmad Badawi, a moderate who extended the country’s political freedoms but was criticized for lackluster leadership, has died of heart disease.

Malaysia's High Court has ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund.

Malaysia’s Pardons Board said Friday it has reduced ex-Prime Minister Najib Razak’s 12-year jail sentence by half and sharply cut a fine, less than two years into his sentence from a corruption case linked to the theft of billions of dollars from state coffers.

The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund.

A Malaysian court has dismissed 47 corruption charges against Deputy Prime Minister Ahmad Zahid Hamidi after prosecutors unexpectedly dropped the charges at an advanced stage of his trial.

Leonardo DiCaprio testified Monday at the trial of former Fugees rapper Prakazrel “Pras” Michel because both men have ties to a Malaysian businessman at the center of a massive international scandal.

Malaysia’s top court has refused to review its 2022 decision to uphold former Prime Minister Najib Razak’s graft conviction and 12-year jail sentence, saying he was “the author of his own misfortune.”.

A former Goldman Sachs banker has been sentenced to 10 years in prison for his role in looting a Malaysian development fund.

Malaysia's former Prime Minister Muhyiddin Yassin has been arrested and will be brought to court to face corruption charges.

Malaysian former Prime Minister Najib Razak has been acquitted in the latest trial in response to the multibillion-dollar looting of the 1Malaysia Development Berhad state fund.

More than two decades after his dramatic ouster from government and imprisonment, Malaysian opposition leader Anwar Ibrahim finally has his day.

At 97, two-time former Malaysian Prime Minister Mahathir Mohamad is back in the election race.

The Trump hotel in Washington took in more than $750,000 from six foreign governments at sensitive moments in their U.S. relations, with guests spending as much as $10,000 per room a night.

Malaysia’s longest-serving party has promised “stability and prosperity" for the country as it seeks to regain power in next week's general elections.

Malaysia's national elections have been set for Nov. 19 amid concerns that heavy rain and floods during the year-end monsoon season may deter voters.

Malaysian former first lady Rosmah Mansor has been ordered to serve 10 years in prison after being found guilty of soliciting and receiving bribes during her husband’s corruption-tainted administration, a week after he was imprisoned over the massive looting of the 1MDB state fund.

Malaysia’s top court has condemned as a deliberate smear attempt the leaking of the alleged verdict against the wife of jailed ex-Prime Minister Najib Razak.

Supporters of Malaysian ex-Prime Minister Najib Razak are calling for royal intervention a day after he began a 12-year jail term.

Najib Razak is Malaysia’s first former prime minister to go to prison -- a mighty fall for a politician whose father and uncle were also prime ministers.

Malaysian ex-Prime Minister Najib Razak has begun a 12-year prison sentence after losing his final appeal in a graft case linked to the looting of the 1MDB state fund, with the top court unanimously upholding his conviction and sentence.

Former Malaysian Prime Minister Mahathir Mohamad has accused the U.S. of trying to provoke a war in Taiwan.

Malaysia’s top court has begun hearing a final appeal by former Prime Minister Najib Razak to toss out his graft conviction linked to the massive looting of the 1Malaysia Development Berhad state fund.

Malaysia’s Appeal Court has upheld the conviction of ex-Prime Minister Najib Razak linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018.

A Malaysian southern state will hold elections Saturday in a test for Prime Minister Ismail Sabri Yaakob’s Malay party as it faces off against allies in the government for the first time amid a widening rift.

Malaysia’s finance ministry says the sovereign wealth fund 1MDB and a former subsidiary have filed 22 lawsuits to recover assets worth over $23 billion from various institutions and individuals.

A Malaysian court is hearing an appeal by ex-Prime Minister Najib Razak to overturn his conviction and 12-year jail sentence linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018.

The court Thursday ordered Rosmah to enter her defense in a corruption trial linked to a 1.25 billion ringgit ($310 million) solar energy project. (AP Photo/Vincent Thian)KUALA LUMPUR – A Malaysian court Thursday ordered the wife of ex-Prime Minister Najib Razak to enter her defense in a corruption trial linked to a 1.25 billion ringgit ($310 million) solar energy project. Najib, who was there to show support, rubbed her shoulders to console his wife after the judgment before leaving for his own graft trial in another courtroom. Last July, Najib was found guilty in his first graft trial linked to the 1MDB scandal. The aide testified Rosmah was feared by civil servants and requests from her department were often swiftly carried out.

A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. Goldman Sachs Malaysia entered the plea in federal court in Brooklyn. Goldman Sachs' board of directors decided to claw back pay and bonuses from top executives, including current CEO David Solomon and former CEO Lloyd Blankfein. Two Goldman Sachs executives have also been personally charged for fraud.

KUALA LUMPUR Ex-Malaysian Prime Minister Najib Razak arrived at court Tuesday for a verdict in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB state investment fund. Whatever the decision in the High Court tomorrow, it does not end here ... after this, we will go to the Court of Appeal. Najib set up 1MDB shortly after becoming prime minister in 2009 to ostensibly accelerate Malaysias economic development. Najibs lawyers said Low used the donation as a guise to keep Najib from being suspicious of his plundering of the 1MDB fund. Prosecutors argued Najib was the real power behind 1MDB and SRC, and called the Arab donation manufactured evidence to cover up his tracks.

This decision is a test of the independence of Malaysias political institutions and the rule of law in a country that has seen this fraying in recent months, said Bridget Welsh, honorary research associate at University of Nottingham Malaysia. Muhyiddin was fired as Najib's deputy in 2016 for speaking out on the 1MDB scandal but is now beholden to Najibs party for its support. Najibs party is the biggest bloc in the current Malay nationalist alliance, which was formed in March after a political coup by Muhyiddins party toppled the former reformist government. Another senior member of Najib's party was also freed after prosecutors dropped 46 corruption charges against him. Najib's wife and several officials from his party and previous government have been charged with graft as well.

But he backtracked in a statement Friday, saying that social media users are exempted. “The government of Malaysia stresses that it stands by the principle of media independence and individual freedom on social media,” Saifuddin said. Many Malaysians and opposition lawmakers have slammed Saifuddin's announcement as affecting videos produced on social media. Over 80% of Malaysia’s 32 million people are social media users. Police also questioned an activist about a social media post alleging mistreatment of refugees at immigration detention centers.

KUALA LUMPUR Goldman Sachs has reached a $3.9B settlement with Malaysia over the 1MDB sovereign wealth fund that was used to launder money. Malaysian and U.S. prosecutors had alleged that bond sales organized by Goldman Sachs for 1MDB provided one of the means for associates of former Malaysian leader Najib Razak to steal billions over several years from a fund that was ostensibly set up to accelerate Malaysias economic development. Najib was arrested as part of the scandal. Two former Goldman Sachs bankers have been charged for their role in helping 1MDB launder money. Goldman on Friday said it had agreed to pay the government of Malaysia $2.5 billion and to guarantee that it gets at least $1.4 billion in proceeds from assets that have since been seized around the globe.

KUALA LUMPUR Malaysian Prime Minister Muhyiddin Yassin narrowly won a motion to boot the parliament speaker Monday, scraping through the first test of his support nearly five months after taking power. Its success could thwart the opposition's bid of a no-confidence vote against Muhyiddin, analysts said. Lawmakers engaged in heated debates over Muhyiddins unprecedented proposal to replace the house speaker with his own candidate. Then Prime Minister Mahathir Mohamad resigned in protest of the plan, and filed a motion of no-confidence against his former party ally. Chin said the speaker replacement suggested parliament cannot act as an effective check and balance against Muhyiddin.

Former Malaysian Prime Minister Najib Razak wearing a face mask arrives at court house in Kuala Lumpur, Malaysia, Thursday, June 4, 2020. Closing arguments are expected in the first corruption trial of him linked to the multibillion-dollar looting of the 1MDB state investment fund. The High Court set July 28 to deliver its verdict that will be closely watched as Najibs Malay political party is reviving its fortunes. Prosecutors argued Najib was the real power behind 1MDB and SRC as premier and finance minister at the time. Sithambaram said the change in Malaysia's government didn't affect the prosecution's case and that there was no order for them to back off against Najib.

Malaysia's ruling alliance collapsed this week after 94-year-old Prime Minister Mahathir Mohamad resigned and dozens of lawmakers defected in an audacious attempt to form a new government. The move had thwarted a pre-election agreement by Mahathir to hand over power to his named successor, Anwar Ibrahim. He made no mention of Anwar in his televised speech, but reiterated that the lower house of Parliament should be the one to pick the prime minister. Mahathir spoke as the king finished consulting all 222 lawmakers to determine who they support as prime minister or if they want fresh elections. The king's role is largely ceremonial in Malaysia, but he appoints the person with majority support in Parliament as prime minister.

A yacht named Tranquility was part of the lavish lifestyle Jho Low was accused of building for his family and friends through fraud, prosecutors said. WASHINGTON, D.C. - The alleged mastermind of a multibillion dollar corruption scandal that rocked Malaysia has struck a $700 million deal with the US government to end a legal case against him. The scandal helped bring down former Malaysian Prime Minister Najib Razak, who was also hit with dozens of corruption-related charges in the case. Low has been identified by some as the alleged mastermind of the embezzlement, a charge he has strongly denied. Other legal cases related to the fund are still ongoing in the US, Malaysia and other jurisdictions.

CNNMoney(CNN) - Malaysia filed criminal charges against 17 current and former Goldman Sachs employees on Friday, including the bank's top international executive. Among those charged Friday was Richard Gnodde, the CEO of Goldman Sachs International. Malaysia has accused Goldman Sachs and some of its bankers of misleading investors about the bond sales and fraudulently diverting $2.7 billion of the proceeds. Goldman Sachs and some of its employees have been central figures in the case. Malaysia last year charged Goldman Sachs and four individuals, two of them former Goldman employees, with what authorities called "grave violations" of Malaysia's securities laws.