31 Mar '16, 7am

#NajibRazak spent millions on luxury goods from bank accounts linked to #1MDB: @WSJ

#NajibRazak spent millions on luxury goods from bank accounts linked to #1MDB: @WSJ

KUALA LUMPUR — Malaysian investigation documents have reportedly revealed how money originating from state investment fund 1Malaysia Development Berhad (1MDB) was transferred into Prime Minister Najib Razak’s bank accounts and subsequently used for personal expenses, the Wall Street Journal (WSJ) reported on Thursday (March 31) — apparently undermining Mr Najib’s claims that the money was never used for personal gain. This comes as Luxembourg’s state prosecutor launched a judicial inquiry into allegations of money laundering, covering payments totalling hundreds of millions of dollars, against 1MDB. According to WSJ’s report on Thursday — which comes days after the Australian Broadcasting Corporation (ABC) aired a documentary on the huge sums of money that have allegedly flowed into Mr Najib’s account — some US$15 million (S$20.2 million) was spent on clothes, jewellery an...

Full article: http://www.todayonline.com/world/najib-razak-spent-millio...

Tweets

1MDB Probe Shows Malaysian Leader Najib Spent M...

blog.limkitsiang.com 02 Apr '16, 12am

By TOM WRIGHT and BRADLEY HOPE Wall Street Journal March 30, 2016 Accounts of prime minister paid out $15 million for clot...

1MDB Probe Shows Malaysian Leader Najib Spent M...

blog.limkitsiang.com 02 Apr '16, 12am

By TOM WRIGHT and BRADLEY HOPE Wall Street Journal March 30, 2016 Accounts of prime minister paid out $15 million for clot...

Luxembourg, Singapore, US widen probe into alle...

scmp.com 01 Apr '16, 7am

Authorities in Luxembourg and Singapore are investigating transactions involving 1Malaysia Development Bhd as the Malaysia...

#marketing #InfluencerMarketing

QZ.com 01 Apr '16, 5am

Ever wondered why Indians buy an ultra expensive Louis Vuitton bag or a Ferrari? Well, the answer, recent research shows, ...

@SIPRIorg

books.sipri.org 04 Apr '16, 11pm

Millions tune in for Tmall luxury channel shopp...

luxurydaily.com 01 Apr '16, 7am

The new Tmall Luxury Flash-Sale Channel made its official debut with a star-studded runway show on March 30, during which ...

Hit film Wolf of Wall Street funded by Malaysia...

channelnewsasia.com 02 Apr '16, 12pm

NEW YORK: Some of the money to make the hit movie "The Wolf of Wall Street" was allegedly laundered from a scandal-hit Mal...

Malaysia's 1MDB financed 'Wolf of Wall Street':...

channelnewsasia.com 02 Apr '16, 12pm

NEW YORK: Some of the money to make the hit movie "The Wolf of Wall Street" was allegedly laundered from a scandal-hit Mal...

Najib Razak 1MDB scandal: Malaysian Prime Minis...

anwaribrahimblog.com 29 Mar '16, 4am

By Linton Besser, Elise Worthington and Jaya Balendra ABC News (29 March 2016) So much money was pouring so rapidly into t...

NEW study: #Solar impasse costing #Massachusett...

seia.org 31 Mar '16, 8am

BOSTON, MASS. and WASHINGTON, D.C. - Inaction on raising net metering caps and reforming the Commonwealth’s Solar Renewabl...

Malaysia's 1MDB financed hit movie Wolf Of Wall...

straitstimes.com 02 Apr '16, 12pm

NEW YORK (AFP) - Some of the money to make the hit movie The Wolf Of Wall Street was allegedly laundered from a scandal-hi...

US Justice Dept officials ask Deutsche Bank, JP...

straitstimes.com 01 Apr '16, 3am

KUALA LUMPUR (Reuters) - Officials of the United States Department of Justice have asked Deutsche Bank and JPMorgan for de...

Bitcoin Wallets as Swiss Bank Accounts: The Developer's Perspective

Bitcoin Wallets as Swiss Bank Accounts: The Dev...

bitcoinmagazine.com 29 Mar '16, 2pm

Bitcoin was seemingly dragged into the very public debate on privacy and encryption recently. Specifically, President Bara...

Nigerians say no to Monsanto's GM crops

Nigerians say no to Monsanto's GM crops

theecologist.org 30 Mar '16, 4pm

Despite the growing fears about glyphosate, Monsanto's application provides no discussion on its potential risks to human ...