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The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Malay: Akta Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan dan Hasil daripada Aktiviti Haram 2001) is a Malaysian counter-terrorism legislation.
Najib was later charged with criminal breach of trust, money laundering and abuse of power, while alleged mastermind Jho Low, by then an international fugitive, was charged with money laundering. [20] Najib was subsequently found guilty of seven charges connected to SRC International, a 1MDB subsidiary, and was sentenced to twelve years ...
1MDB scandal was a large corruption, bribery and money laundering scandal which began in 2009 in Malaysia but became global in scope and was exposed in 2015. It was as described as "one of the world's greatest financial scandals" [ 1 ] [ 2 ] and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016.
Malaysia's anti-graft agency said on Saturday it was investigating a former finance minister and key ally of ex-Prime Minister Mahathir Mohamad under the country's abuse of power and money ...
KUALA LUMPUR, Malaysia (AP) — The wife of former Malaysian Prime Minister Najjib Razak pleaded not guilty Thursday to laundering illegal proceeds linked to the graft scandal at the 1MDB state ...
Najib faces 32 charges from money laundering to abuse of power and criminal breach of trust over billions of dollars that went missing from state fund 1Malaysia Development Berhad (1MDB).
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
Following a series of investigation for years, a team of MACC then raid the office of Sabah State Water Department on 4 October 2016, arresting the department's director Awang Tahir Awang Talib (aged 54) and his assistant Teo Chee Kong (52) on the spot along with the confiscation of RM114 million worth of assets and RM53.7 million in "cold cash", with further investigation revealed a money ...