Tag "1MDB"

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Jho Low’s aunt is in TRX City not 1MDB

KUALA LUMPUR: Fugitive businessman Low Taek Jho’s maternal aunt, Goh Gaik Kim, retained her position as TRX City Sdn Bhd company secretary but is not in scandal-riddled sovereign investment fund 1Malaysia Development Berhad (1MDB). TRX City is a former subsidiary

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Najib had total control of SRC International

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had total control over SRC International as he amended the company’s constitution with the inclusion of a single clause during an extraordinary general meeting (EGM) that made him emeritus advisor. “The

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AG: Malaysia seeks to recover US$3.5b paid to IPIC

PUCHONG: The government plans to mount a legal challenge on the UK commercial court’s decision for a closed-door arbitration between its debt-ridden 1Malaysia Development Berhad (1MDB), International Petroleum Investment Company (IPIC) and Aabar Investments PJS (Aabar). In a statement, Attorney

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DAP: Najib is a disgrace to his father’s legacy

PUCHONG: DAP stalwart Lim Kit Siang today accused former prime minister Datuk Seri Najib Tun Razak of being a disgrace to his father’s legacy. “Najib accuses me of being obsessed with him. He cannot be more wrong. I would not

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US-Malaysia cooperation on 1MDB troubling Jho Low

PUCHONG: Malaysia’s cooperation with the US over the 1Malaysia Development Berhad (1MDB) is troubling, said fugitive businessman Low Taek Jho also known as Jho Low through his lawyers. “It’s troubling that the Malaysian regime is attempting to tout its cooperation

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AG: RM1.5 billion of 1MDB funds retrieved

KUALA LUMPUR: Malaysia has retrieved RM1.335 billion of funds, allegedly from 1MDB, from the United States of America. Another RM152.3 million was recovered from Singapore. Attorney General Tommy Thomas who confirmed this said that both the US and Singapore are

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Najib fails to boot out prosecutor Gopal Sri Ram again

KUALA LUMPUR: Ex-prime minister Datuk Sri Najib Tun Razak failed to remove lead prosecutor Gopal Sri Ram in his upcoming trial on the troubled state fund, 1Malaysia Development Berhad (1MDB). Court of Appeal judge Zabariah Mohd Yusof ruled that senior

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Govt to ensure no opportunity for ‘another 1MDB’

KUALA LUMPUR: The government will ensure there is no opportunity for “another 1MDB” to rear its ugly head in the country, whether by the current leadership or any future leadership, that becomes corrupt with power. Finance Minister Lim Guan Eng

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US to return RM828 million in 1MDB-linked funds to Malaysia

WASHINGTON DC: The US is prepared to return about US$200 million (RM828 million) of funds allegedly misappropriated from state fund 1MDB to Malaysia, according to sources. The total include about US$140 million from the sale of a stake in New

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Najib trial: 1MDB wanted RM3 billion to set up SRC , says former EPU senior staff

KUALA LUMPUR: An ex-Economic Planning Unit (EPU) senior officer told the High Court in Datuk Seri Najib Razak’s SRC International trial that 1MDB previously sought RM3 billion from the government as grant in setting up its subsidiary company. The former

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