KUALA LUMPUR (Feb 8): The work culture in 1Malaysia Development Bhd (1MDB) was such that one was expected to follow instructions or resign immediately, said former 1MDB chief executive officer Mohd Hazem Abdul Rahman.
KUALA LUMPUR (Feb 8): The US Department of Justice (DoJ) has served an arrest warrant on a top London law firm in an effort to seize hundreds of millions of dollars – alleged to be the proceeds of a major international fraud – which it is holding on behalf of a client.
KUALA LUMPUR (Feb 8): The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial will continue today after a month’s hiatus.
KUALA LUMPUR (Feb 8): The Malaysian government, through the Inland Revenue Board (IRB), had filed a RM68 million suit against Jho Low's right-hand man Eric Tan Kim Loong, a.
KUALA LUMPUR (Feb 5): Were the two top executives of the Abu Dhabi wealth fund implicated in the 1MDB scandal convicted and jailed two days ago in the United Arab Emirates? According a Feb 3 news report by the Khaleej Times, the Abu Dhabi Criminal Court had sentenced a former senior management executive of a government-owned company and its chief executive officer (CEO) to 15 years in prison for money laundering.
With no settlement yet, PetroSaudi International US$340m forfeiture scheduled for further case management on April 2
KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.
KUALA LUMPUR (Jan 27): The Kuala Lumpur High Court has fixed Feb 15 to deliver its decision on whether former Federal Court judge Datuk Seri Gopal Sri Ram should be recused from leading the prosecution team in the four trials of former prime minister Datuk Seri Najib Razak that are related to 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR (Jan 22): The High Court has directed former prime minister Datuk Seri Najib Razak and his stepson Riza Shahriz Abdul Aziz to file an affidavit in reply by Feb 11, to the prosecution’s application for forfeiture items linked to 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR (Jan 18): The court trials involving former prime minister Datuk Seri Najib Razak and former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi, previously scheduled to continue this week, have all been postponed due to the reinstatement of the government-imposed movement control order (MCO) in the Federal Territory of Kuala Lumpur.
KUALA LUMPUR (Jan 15): The 1Malaysia Development Bhd (1MDB) audit tampering trial involving former prime minister Datuk Seri Najib Tun Razak and former 1MDB president and chief executive officer (CEO) Arul Kanda Kandasamy will be postponed to February.