Today's top Malaysian news, sport and lifestyle.
1MDB has launched a civil lawsuit against former Prime Minister Najib Razak, claiming he orchestrated a top-down fraud scheme resulting in RM51.4 billion in losses through abuse of his official positions.
Three company directors appeared in Sessions Court in Shah Alam facing multiple money laundering and misappropriation charges connected to the siphoning of millions in ringgit from a charitable organisation's accounts.
A company director testified in High Court that he would not have donated to Bersatu without pressure from a politically connected businessman, who solicited RM19.5 million linked to the Jana Wibawa initiative.
Bursa Malaysia has publicly reprimanded Meridian and fined its executive director for repeatedly missing deadlines in submitting audited financial statements, leaving investors without essential information for extended periods.
Kampar DAP MP Chong Zhemin has rejected PAS Youth's calls for Prime Minister Anwar Ibrahim to resign over losses incurred by KWAP in the eFishery investment, accusing the group of exploiting the corporate fraud case for political gain.
Prime Minister Anwar Ibrahim has warned that Malaysia cannot rely entirely on auditors to detect corporate fraud, citing the eFishery scandal where three major audit firms failed to uncover mismanagement in a RM163.4 million investment.
KPMG Australia has sanctioned seven employees with fines reaching A$180,000 (US$126,000) after confirming staff misused confidential client data to secure audit work, triggering multiple resignations and regulatory scrutiny.
The government takes seriously allegations of corporate mafia infiltrating public institutions, with Minister Azalina Othman Said indicating that any Royal Commission of Inquiry will depend on probe findings.
Malaysia's government has pledged to allow investigations into alleged 'corporate mafia' activities to proceed independently and transparently, with senior minister Datuk Seri Azalina Othman Said signalling openness to establishing a Royal Commission if deemed necessary.
Fashion retailer Padini Holdings says the Malaysian Anti-Corruption Commission has restored access to all frozen bank accounts tied to its corruption probe, a significant development in the case.
Fashion retailer Padini Holdings announced that the Malaysian Anti-Corruption Commission has unfrozen all its previously restricted bank accounts. The company maintains no personnel have faced arrest or charges.
Electoral watchdog Bersih says 34 MPs from multiple parties including PKR, PAS, DAP and Umno support establishing a Royal Commission of Inquiry to investigate alleged corporate mafia operations.
A businessman has testified that his brother secretly donated part of company funds worth millions to Bersatu without his knowledge, emerging as a key revelation in the trial of former Prime Minister Muhyiddin Yassin.
South Korea's Seoul High Court has suspended a Fair Trade Commission decision designating Coupang founder Kim Bom as the e-commerce group's controlling entity, pending the outcome of the main legal challenge.
A Nepturis Sdn Bhd director has distanced herself from claims that the company's structure was used to facilitate business dealings, stating she cannot confirm whether former Prime Minister Muhyiddin Yassin was aware of the firm's ownership arrangement.
A company director testified in the High Court that she drafted five separate letters to then-prime minister Tan Sri Muhyiddin Yassin on behalf of different companies seeking projects under the Jana Wibawa programme.
A former Kuala Lumpur Kepong Berhad worker has denied allegations of deliberately obscuring records related to crude palm oil stocks, with the case now proceeding through Ipoh's Magistrate's Court.
Australia's corporate regulator ASIC has initiated a review of audit conduct complaints across the Big Four accounting firms following allegations that KPMG misused confidential client information to secure audit contracts.
A US federal judge has approved the SEC's settlement with Elon Musk regarding delayed Twitter share disclosures, though she voiced significant reservations about whether the world's richest person received preferential treatment.
Jeeranuch Bhirombhakdi, matriarch of Thailand's billionaire Singha beer dynasty, has withdrawn her 'ungrateful child' lawsuit against her son Siranudh 'Psi' Scott after he made public accusations of sexual abuse by his older brother.
Richard White, co-founder of Australian logistics software giant WiseTech Global, has resigned as executive chair effective immediately. The decision follows media allegations and a police investigation into his personal conduct. Raelene Murphy has assumed the role of independent chair.
Rohas has announced through a stock exchange filing that the Malaysian Anti-Corruption Commission's investigation into its HG Power Transmission subsidiary has concluded without further action required.
KPMG Australia has appointed Michael Ebeid as its first independent chairman following a major audit leak scandal. The move has drawn sharp criticism from lawmakers who question his impartiality given his prior involvement with the firm and his defence of management.
KPMG Australia has appointed Michael Ebeid, former SBS chief, as its inaugural independent chairman following a major whistleblower scandal involving alleged misuse of confidential client data to secure audit contracts.
Australia's government is exploring a fundamental restructuring of its Big Four accounting firms following repeated scandals. Proposals include forced separation of audit and consulting divisions and stricter federal oversight.