[9] Nevertheless, Goldman Sachs was charged in a Foreign Bribery Case and agreed to pay over $2.9 billion in a settlement with the U.S. Department of Justice (DOJ).
[10] The Malaysian Conference of Rulers called for prompt investigation of the scandal, saying that it was causing a crisis of confidence in Malaysia.
The U.S.Department of Justice pursued its own investigation into 1MDB, alleging that more than US$4.5 billion was diverted from 1MDB by Jho Low and other conspirators including officials from Malaysia, Saudi Arabia and the United Arab Emirates.
[17] Najib was subsequently found guilty of seven charges connected to SRC International, a dummy corporation associated with 1MDB, and was sentenced to twelve years imprisonment.
[20] As of 5 August 2021, in an ongoing effort to fight global kleptocracy, the U.S. Department of Justice recovered and returned a total of US$1.2 billion of 1MDB funds misappropriated within U.S. jurisdiction to the people of Malaysia,[21] joining a list of several countries which have initiated recovery or that have already repatriated smaller recovered amounts.
[22] The Shah Alam High Court originally acquitted Abdul Razak Baginda and meted out the death sentence to two of the accused, Chief Inspector Azilah Hadri and Corporal Sirul Azhar Umar, on 9 April 2009, wrapping up the 159-day trial.
[26] On 13 January 2015, the Federal Court overturned the acquittal of both individuals, finding them both guilty of murder and sentenced both of them to death.
[28] After the Malaysian 14th general election marking a historic defeat for the ruling Barisan Nasional coalition, Prime Minister Mahathir Mohamad and some relevant parties including Altantuyaa's father have hoped for further investigations to find the motive of murder and bring justice to the case.
[citation needed] New securities laws were introduced in March 1986 to ensure that stockbroking firms can protect themselves against credit risks.
The memorandum pointed out that unless the Co-operative Societies Act 1948 was amended and cooperatives activities strictly regulated, depositors may lose billions.
It was triggered off by Koperasi Belia Bersatu Berhad (KOSATU) suspending payments to depositors who wanted to withdraw their savings in July 1986.
The Essential (Protection of Depositors) Regulation 1986 promulgated on 20 July 1986 allowed BNM to freeze the assets of KOSATU and its key management and also to investigate into the affairs of the cooperatives .