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Explainer: Malaysia’s mega 1MDB scandal that has scalded Goldman Sachs
Malaysian Prime Minister Mahathir Mohamad has vowed to bring back billions of dollars allegedly stolen from state fund 1Malaysia Development Bhd (1MDB), co-founded by his predecessor Najib Razak. The scandal has also embroiled US bank Goldman Sachs (GS.N), which Malaysia
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1MDB: Feb 3 for management of Obyu Holdings forfeiture case
KUALA LUMPUR: The High Court here today set Feb 3 next year for case management of a government’s application to forfeit assets worth RM680 million allegedly linked to 1Malaysia Development Berhad (1MDB) that were seized from premises belonging to Obyu
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Riza Aziz files review of money laundering charges
KUALA LUMPUR: Riza Shahriz Abdul Aziz, the stepson of former prime minister Datuk Seri Najib Tun Razak, has filed a representation to the Attorney-General’s Chambers (AGC) for a review of the money laundering charges, involving US$248 million (RM1.25 billion) which
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High Court to hear Umno leader’s move to set aside leave for committal proceeding next month
KUALA LUMPUR: The High Court set Jan 9 to hear the application by Umno leader Datuk Lokman Noor Adam to set aside the leave obtained by Attorney-General (AG) to initiate committal proceeding against him for allegedly intimidating a witness in
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Tabung Harapan Malaysia fully used to pay 1MDB debts – Lim
KUALA LUMPUR: The government has used up the entire RM205.49 million in the Tabung Harapan Malaysia (THM) fund to service 1Malaysia Development Bhd (1MDB) debts, said Finance Minister Lim Guan Eng. The last of the monies amounting to RM61.68 million
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1MDB: Tarnishing Najib’s image equivalent to disgracing the nation
KUALA LUMPUR: Tarnishing Datuk Seri Najib Tun Razak’s image is equivalent to bringing dishonour to the country’s name. Tan Sri Ambrin Buang revealed to the Kuala Lumpur High Court yesterday that then Chief Secretary to the Government Tan Sri Dr
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1MDB audit report: Ambrin upset having to entertain amendments
KUALA LUMPUR: Former Auditor General Tan Sri Ambrin Buang yesterday told the High Court that he was disappointed that he had to entertain the proposed amendments at the last minute, while the 1Malaysia Development Berhad Audit Report was ready to
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Ambrin: Najib urged not to enter two versions of 1MDB financial statements
KUALA LUMPUR: Former Auditor-General Tan Sri Ambrin Buang told the High Court that Datuk Seri Najib Tun Razak had asked him not to enter the issue on the two versions of the 1Malaysia Development Berhad (1MDB) financial statements in the
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1MDB and MOFI succeed in appeal against IPIC litigation in England
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) and Minister of Finance Incorporated (MOFI) have succeeded in their appeal at the Court of Appeal in London to proceed with the hearing to set aside the Consent Award that sought to frustrate any
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1MDB: Hearing to obtain, inspect Justo’s documents by Najib on Dec 13
KUALA LUMPUR: The High Court today fixed Dec 13 to hear former prime minister Datuk Seri Najib Tun Razak’s application to obtain and inspect documents surrendered by Xavier Andre Justo to the Malaysian Anti-Corruption Commission (MACC) as part of the
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