Left Menu
Development News Edition

Malaysia fines 80 people, groups for alleged 1MDB payments

PTI | Kuala Lumpur | Updated: 07-10-2019 11:39 IST | Created: 07-10-2019 11:34 IST
Malaysia fines 80 people, groups for alleged 1MDB payments
Image Credit: Wikimedia Commons

Malaysia has ordered 80 people and groups to pay fines totaling about USD 100 million for allegedly receiving funds from the 1MDB state investment fund. Among those ordered to pay the fines in an announcement Monday was a brother of former Prime Minister Najib Razak.

Najib faces 42 charges of corruption, abuse of power and money laundering in five separate criminal cases linked to the multibillion-dollar looting of 1MDB. Public anger over the alleged corruption contributed to the shocking election defeat of Najib's long-ruling coalition in May 2018.

The head of the Malaysian Anti-Corruption Commission, Latheefa Koya, told reporters the fines could total as much as 2.5 times the amount the people and groups allegedly received from 1MBD. She said the fines totaled about 420 million Malaysian ringgit (USD 100 million).

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



China: A savior for emerging markets or a poison pill?

... ...

Future of Urban Planning: Artificial Intelligence guiding the way

Advances in emerging technologies like Artificial Intelligence and Machine Learning can help us understand our cities better and derive useful insights from real-time data collected through automated models....


Latest News

WHO chief thanks Biden for membership U-turn, US joining ACT Accelerator, COVAX

Geneva Switzerland, January 21 ANISputnik World Health Organization WHO chief Tedros Adhanom Ghebreyesus on Thursday thanked new US President Joe Biden for honouring his pledge to U-turn on its membership status and join the organizations v...

Kerala has 2.67 crore voters

Thiruvananthapuram, Jan 21 PTI As many as 2.67crore voters, including nearly three lakh first time voters,will be exercisingtheir franchise duringthe assembly pollsin Kerala, likely to be held in April this year.Releasing the final list of ...

JLF announces programme for 2021 virtual edition

American linguist Noam Chomsky, 2020 Booker Prize winner Douglas Stuart, doctors Randeep Guleria, Chandrakant Lahariya and Gagandeep Kang and Carnatic music exponent T M Krishna will be among the over 200 speakers at the Jaipur Literature F...

Ramesh Pokhriyal inaugurates 2 new Kendriya Vidyalayas in Bihar, Chhattisgarh

By Amit Kumar Union Education Minister Ramesh Pokhriyal Nishank on Thursday virtually inaugurated two new Kendriya Vidyalayas--one in Bettiah, Bihar and another in Korba, Chhattisgarh.Speaking on this occasion, Nishank said that the new bui...

Give Feedback