News about 1MDB

KUALA LUMPUR (March 26): Former Goldman Sachs banker Roger Ng Chong Hwa (pictured) and his lawyer wife, Lim Hwee Bin, are contesting the prosecution's attempt to forfeit RM1.

KUALA LUMPUR (March 26): The prosecution, who is seeking to forfeit over RM10 million worth of assets from Datuk Seri Najib Razak (pictured) and his family, told the court today that these — together with some RM21 million they are seeking to seize from 13 other individuals — are from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (March 25): The High Court here has allowed the government to forfeit and seize approximately RM49 million in cash assets belonging to Tan Sri Larry Low Hock Peng, father of missing businessman Low Taek Jho, who is better known as Jho Low.

KUALA LUMPUR (March 24): Former prime minister Datuk Seri Najib Razak (pictured) is seeking a court order to obtain bank statements and other related documents of companies believed to be related to Low Taek Jho — also known as Jho Low — who is the purported mastermind of the 1Malaysia Development Bhd (1MDB) financial scandal.

PUTRAJAYA (March 18): The Court of Appeal today adjourned the hearing of multiple forfeiture appeals by the prosecution from the Malaysian Anti-Corruption Commission (MACC) in relation to 1Malaysia Development Bhd (1MDB) funds earlier than expected, due to an emergency.

KUALA LUMPUR (March 17): The High Court here today has fixed Sept 6-7, 2021 to hear the prohibition order application by the Malaysian government against PetroSaudi International Ltd (PSI) and Saudi businessman Tarek Obaid from using over US$340 million (RM1.

KUALA LUMPUR (March 16): The High Court here today allowed for the apartment previously belonged to 1Malaysia Development Bhd's (1MDB) former general counsel Jasmine Loo Ai Swan to be auctioned off.

KUALA LUMPUR (March 16): A lawyer from UMNO yesterday disputed the prosecution's assertion that former CIMB chairman Datuk Seri Nazir Razak had purportedly helped to cash in three cheques totalling RM20 million from his older brother Datuk Seri Najib Razak, who was then the country's prime minister and chairman of 1Malaysia Development Bhd's (1MDB) advisory board, and given the money back to Najib.

KUALA LUMPUR (March 16): The trial of former Goldman Sachs banker Roger Ng in the US for his role in the 1Malaysia Development Bhd (1MDB) scandal is expected to begin in June or July this year, the High Court here was told today.

KUALA LUMPUR (March 15): Datuk Seri Najib Razak's lawyer maintained today that the alleged 1Malaysia Development Bhd (1MDB)-linked money recovered during a police raid at the Pavilion Residences condominium three years ago totalled RM160 million, and not RM114 million as claimed by the authorities.