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The Swiss Federal Criminal Court convicts two PetroSaudi executives to six and seven years in prison respectively for embezzling more than US$1.8 billion from the Malaysian strategic development firm 1Malaysia Development Berhad.
2024-08-28

Multinational investment bank Goldman Sachs sues the Malaysian government for alleged violations of a 2020 settlement related to the 1Malaysia Development Berhad scandal, filing the case at the London Court of International Arbitration.
2023-10-12

The Federal Court of Malaysia upholds the corruption conviction and 12-year prison term of former prime minister Najib Razak in connection with the embezzlement of sovereign wealth funds from 1Malaysia Development Berhad. Najib is the first former Malaysian prime minister to be imprisoned.
2022-08-23

Malaysian state fund 1Malaysia Development Berhad sues units of Deutsche Bank, JPMorgan Chase, and Coutts for a combined amount of US$2.9 billion on the basis of negligence and conspiracy to defraud. The lawsuit is a bid to recover lost assets of more than $23 billion.
2021-05-11

The U.S. Department of Justice returns US$300 million recovered from the 1Malaysia Development Berhad scandal to Malaysia. The repatriation was due for February, but was delayed due to technical issues and Malaysia's ongoing political crisis.
2020-04-14

Former Malaysian Prime Minister Najib Razak is charged with abuse of power and three counts of criminal breach of trust. He pleads not guilty to all charges and accuses the government of seeking "political vengeance."
2018-07-4

Former Malaysian Prime Minister Najib Razak is arrested for allegedly misusing state funds.
2018-07-3

Former Malaysian Prime Minister Najib Razak is banned from leaving the country due to the ongoing investigation into the 1Malaysia Development Berhad scandal. He subsequently resigns as president of UMNO and as head of the BN coalition.
2018-05-12

There is a second day of rallies in Malaysia calling on Prime Minister Najib Razak to resign over the 1Malaysia Development Berhad scandal.
2015-08-30

Goldman Sachs agrees to buy back $3.15 billion in low quality mortgage bonds that it dumped on Fannie Mae and Freddie Mac preceding the financial crisis of 2007–08.
2014-08-23