News about 1MDB

KUALA LUMPUR (July 28): Former prime minister Datuk Seri Najib Razak has arrived in the Kuala Lumpur High Court here at around 9.

The case of SRC funds totalling RM42 million Total number of charges: 7 3 counts of criminal breach of trust Offence: Section 409 of the  Penal Code Penalty: Maximum 20 years’ jail + whipping + a fine 1 count of abuse of power Offence: Section 23(1) of MACC Act 2009 (punishable under Section 24 of the same act) Penalty: Maximum 20 years’ jail + a fine of not less than five times the amount of the bribe, or RM10,000, whichever is higher 3 counts of money laundering Offence:  Section 4(1)(b) of AMLATFPUAA 2001 Penalty: Maximum 15 years’ jail + a fine of RM5 million, or five times the amount, whichever is higher, for each charge ALL eyes will be on the Kuala Lumpur High Court (Criminal 3) on Tuesday, when former prime minister Datuk Seri Najib Razak learns whether he will be acquitted of all seven charges against him in relation to RM42 million belonging to SRC International Sdn Bhd or whether the court will find him guilty of several, if not all, of the charges.

KUALA LUMPUR (July 25): Pakistan Harapan's Presidential Council has called for justice to be served against all conspirators involved in the multi-billion ringgit 1Malaysia Development Bhd (1MDB) scandal, following Goldman Sachs' agreement to pay US$3.

KUALA LUMPUR (July 24): The Ministry of Finance has announced that Goldman Sachs has agreed to pay a record US$3.

KUALA LUMPUR (July 24): The High Court today dismissed the Malaysian Anti-Corruption Commission's (MACC) application for a stay of execution of a ruling that would lead to the release of RM10.

KUALA LUMPUR (July 23): Former Prime Minister Datuk Seri Najib Razak (pictured) will know on Aug 7, the fate of his bid to strike out the charge of tampering with the 1Malaysia Development Bhd (1MDB) audit report.

KUALA LUMPUR (July 23): Former prime minister Datuk Seri Najib Razak celebrated his 67th birthday at the court here today, where he was present as the accused in the 1Malaysia Development Bhd (1MDB) audit tampering trial.

KUALA LUMPUR (July 21): Parliament Speaker Datuk Azhar Azizan Harun’s move to write to High Court Judge Justice Collin Lawrence Sequerah to seek the judge’s permission for former prime minister Datuk Seri Najib Razak to be present in Parliament last Thursday afternoon was an unprecedented move, Sepang Member of Parliament (MP) Mohamed Hanipa Maidin said today.

KUALA LUMPUR (July 20): Senior representatives of Goldman Sachs Group Inc have flown into Malaysia this week to continue its discussions with the Malaysian government on the repatriation of 1Malaysia Development Bhd (1MDB) funds and assets into the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR (July 17): Datuk Shahrol Azral Ibrahim Halmi (pictured), a former chief executive officer of 1Malaysia Development Bhd, admitted in court today that he was not briefed about the 5.