The Justice Department announced charges Thursday against a fugitive Malaysian financier and two former Goldman Sachs bankers accused in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to spur economic development projects in that country. A three-count indictment charges Low Taek Jho, also known as Jho Low, with misappropriating money from the state-owned fund and using it for bribes and kickbacks to foreign officials, to pay for luxury real estate, art and jewelry in the United States and to help finance Hollywood movies, including "The Wolf of Wall Street." Also charged was a former Goldman Sachs banker, Tim Leissner, who pleaded guilty to money laundering conspiracy and to conspiring to violate foreign bribery laws. Another former bank official, Ng Chong Hwa, 51, also known as Roger Ng, was arrested earlier Thursday in Malaysia and accused of circumventing internal accounting controls, prosecutors said. Leissner's … [Read more...] about US Charges Malaysian Financier in Multibillion-Dollar Scheme
Malaysian law journal
Viet Nam News KUALA LUMPUR — Former Malaysian Prime Minister Najib Razak was charged with corruption on Wednesday for allegedly accepting millions of dollars in bribe money, in a stunning fall from grace just months after his shock election defeat. Najib, the first ex-premier in Malaysia to appear in front of a judge, is accused of pocketing 42 million ringgit (US$10.4 million), and three counts of criminal breach of trust. Each charge carries a penalty of up to 20 years in jail. The unprecedented court appearance came the day after the 64-year-old was arrested at his luxury home by officers probing how billions of dollars of state funds disappeared on his watch. Allegations of massive corruption were a major factor behind the shock election loss in May of Najib’s long-ruling coalition to a reformist alliance headed by his 92-year-old former mentor Mahathir Mohamad. Wednesday’s court hearing was the latest step in a quick-moving investigation into alleged … [Read more...] about Ex-Malaysian PM Najib charged with corruption
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Monkey Cage Analysis Analysis Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events by Sebastian Dettman by Sebastian Dettman May 15 at 7:00 AM At a convenience shop in Kuala Lumpur, Malaysia, on Friday, a man takes a copy of a newspaper with the headline reporting that Mahathir Mohamad has been sworn in as Malaysia’s new prime minister. (AP) Malaysia’s ruling coalition had been in power for 61 years — until the May 9 surprise electoral upset by the Hope Pact (Pakatan Harapan) party coalition. While Southeast … [Read more...] about The Malaysian election results were a surprise. Here are 4 things to know.
Democracy Dies in Darkness Sections Home Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Politics by Emma Brown and Beth Reinhard by Emma Brown and Beth Reinhard Email the author May 14 at 8:58 PM Email the author Ten weeks ago, Michael Avenatti was a California lawyer known for his successes in class-action lawsuits. Then he sued President Trump on behalf of adult-film actress Stormy Daniels and — through an extraordinarily aggressive media campaign — parlayed a narrow dispute about a one-night stand into a news-cycle-dominating assault on the president of the United States. The take-no-prisoners approach has turned Avenatti into a darling of the political left, which is hungry for anti-Trump heroes … [Read more...] about Michael Avenatti is using Trump tactics to battle Trump, a strategy that comes with risks
With Breanne Deppisch and Joanie Greve. THE BIG IDEA: A panel of three judges, each appointed by a Republican president to the federal appeals court in Chicago, ruled unanimously on Thursday against President Trump’s effort to withhold money from “sanctuary cities.” The U.S. Court of Appeals for the 7th Circuit upheld a nationwide injunction that blocks the Justice Department from using “the sword of federal funding to conscript state and local authorities to aid in federal civil immigration enforcement.” Trump’s latest courtroom defeat offers yet another civics lesson about checks and balances for the first president in American history who lacks any prior governing or military experience. Unlike congressional Republicans who have by and large kowtowed and capitulated to Trumpism, despite private uneasiness and grumbling in many cases, Republican-appointed judges are free not to care about the wrath of the president or blowback from his loyalists. … [Read more...] about The Daily 202: Republican judges warn of ‘tyranny’ as they block Trump on ‘sanctuary cities’