News about 1MDB

KUALA LUMPUR (Aug 12): The fateful Feb 24, 2016 meeting — which led to the alleged tampering of the 1Malaysia Development Bhd (1MDB) audit report — could not be considered as an exit conference meeting because an exit conference can only be chaired by the auditor-general, the High Court heard today.

KUALA LUMPUR (Aug 11): Speaker Datuk Azhar Harun said yesterday his rejection of opposition lawmaker Tony Pua's (PH-Damansara) bid to amend the motion of thanks to the ruler in the Dewan Rakyat is final.

KUALA LUMPUR (Aug 6): When the resume of former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Mohd Hazem Abdul Rahman landed in the state fund's office, it included former prime minister Datuk Seri Najib Razak's notation recommending his appointment as executive director, the High Court heard today.

KUALA LUMPUR (Aug 5): Former prime minister Datuk Seri Najib Razak was involved in "bulldozing" 1Malaysia Development Bhd's (1MDB) only unsecured loan of US$3 billion through with a letter of comfort from its shareholder MoF Inc, the High Court was told here today.

KUALA LUMPUR (Aug 5): Damansara Member of Parliament (MP) Tony Pua Kiam Wee (pictured) will propose a debate on the formation of a Special Select Committee to look into the actions taken by the government to recover cash and assets related to controversy-laden 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd.

KUALA LUMPUR (Aug 3): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi agreed today that the troubled fund's acquisition of an independent power producer (IPP) was a sham deal to deceive the board of directors that benefitted international investment bank Goldman Sachs, fugitive financier Low Taek Jho, and other co-conspirators.

KUALA LUMPUR (Aug 3): Fresh from his conviction in the SRC trial last week, former prime minister Datuk Seri Najib Razak returns to the High Court today for the 1Malaysia Development Bhd (1MDB)-Tanore trial for the first time as a convicted felon.

KUALA LUMPUR (Aug 2): Former finance minister Lim Guan Eng said today that forgoing the Malaysian government's initial US$7.

KUALA LUMPUR (Aug 1): A former Coutts & Co banker was found guilty yesterday by Swiss authorities of “failing to flag money-laundering concerns related to a US$700 million (RM2.

KUALA LUMPUR (July 31): After the conviction of former prime minister Datuk Seri Najib Razak on Tuesday, Datuk Bahri Mohammad Zin, the former director of the Special Operations division of the Malaysian Anti-Corruption Commission (MACC) remembers putting everything on the line during investigations into the 1MDB scandal in 2015.