KUALA LUMPUR: A former Goldman Sachs banker has been extradited from Malaysia to the United States to face charges linked to the multi-billion-dollar 1MDB scandal, Malaysia said Monday. Huge sums of public money were stolen from Malaysian state fund 1MDB and used to buy everything from yachts to artwork, in a scheme allegedly overseen by former premier Najib Razak and his cronies. Goldman's role is under scrutiny as the Wall Street bank helped arrange $6.5 billion in bonds for 1MDB. Authorities in Malaysia accuse former employees and some of the bank's subsidiaries of stealing $2.7 billion during the process, and investigators believe cash was laundered through the US financial system. Malaysian Ng Chong Hwa -- a former managing director at the bank charged in both Malaysia and America over 1MDB -- was extradited to the US on Friday, Malaysian attorney-general Tommy Thomas said.
The cargo ship that hit the Baltimore bridge seen in this photo.— AFP/file WASHINGTON: A stranded cargo ship that...
Rohingya refugees flee fighting in Myanmar’s Rakhine state amid junta-rebel clashes. — AFP/file GENEVA: The UN...
A passenger coming of the Blue origin capsule.— Blueorigin website/file WASHINGTON: After a nearly two year hiatus,...
Iranian President Ebrahim Raisi speaks during a meeting with Azerbaijan's President Ilham Aliyev on the...
Slovakia's Prime Minister Robert Fico looks on during a press conference with German Chancellor Olaf Scholz in Berlin,...
The Chinese training ship Qijiguang and amphibious warfare ship Jinggangshan are taking part in land and sea drills...