Second Finance Minister Datuk Johari Abdul Ghani commended the Monetary Authority of Singapore (MAS) for its speedy action on alleged money laundering related to 1Malaysia Development Bhd (1MDB).

From the Panama Papers to the impeachments of the presidents of Brazil and South Korea, 2016 was a year marked by corruption scandals, and by rising public outrage over graft.

Former PetroSaudi International employee, Andre Xavier Justo is expected to be released from Bangkok Remand prison today where he is currently serving a three-year jail term, according to his lawyer.

1Malaysia Development Bhd (1MDB) has denied China's involvement in payment disputes with Abu Dhabi's International Petroleum Investment Co (IPIC).

Malaysian ruling party icon Mahathir Mohamad has accused current leader Najib Razak of "destroying" the country by clinging to power despite a corruption scandal, and vowed to campaign vigorously for the opposition in coming elections.

Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.

The pressure exerted by Bersih 5 rally will further accentuate the confrontational mood, making any turnaround impossible.

Malaysian Prime Minister Najib Razak has been under fire since 2014 over allegations that billions of dollars were looted from state investment fund 1MDB in an audacious campaign of fraud and money-laundering.

With yellow flags waving and vuvuzelas blaring, a convoy of two dozen cars snakes into the sleepy Malaysian town of Batu Gajah, breaking the rural calm with warnings of corruption and national decay.

We simply have too many economic challenges ahead of us, but unfortunately our government gets so much carried away by the flashy economic data that it has overlooked the potential risks and the people's feelings.