CFTC Awards Approximately $9 Million to Whistleblower

CFTC

The Commodity Futures Trading Commission today announced an award of approximately $9 million to a whistleblower whose specific, credible, and timely tip led the Commission to open an investigation and ultimately bring a successful enforcement action. This award is one of the five largest granted in the history of the CFTC Whistleblower Program. read more »

1MDB scandal: Najib Razak handed 12-year jail sentence

THE GUARDIAN

Malaysia’s former prime minister Najib Razak has been found guilty of all seven charges in his first trial linked to the multibillion-dollar 1MDB scandal – a landmark conviction that means he now faces 12 years in jail. read more »

1MDB scandal explained: a tale of Malaysia's missing billions

THE GUARDIAN

Originally 1MDB – an abbreviation of 1Malaysia Development Berhad (which means limited) – was nothing more than a Malaysian state fund, set up in 2009 to promote development through foreign investment and partnerships. The then prime minister, Najib Razak, was its chairman.

The fund has since been at the heart of one of the biggest corruption scandals in the world. The US justice department believes more than $4.5bn was stolen and the resulting scandal has been responsible for the toppling of a government this year and the arrest of Najib, his wife, Rosmah Mansor, and a growing number of close associates. read more »