News about 1MDB

PUTRAJAYA (Sept 8): The Court of Appeal has upheld the High Court decision to dismiss Datuk Seri Najib Razak’s bid to challenge the appointment of Datuk Seri Gopal Sri Ram as the lead prosecutor in the former prime minister’s 1Malaysia Development Bhd (1MDB)-linked cases.

KUALA LUMPUR (Sept 7): A police raid and seizure of documents of 1Malaysia Development Bhd's (1MDB) premises in 2015 was the reason the now-defunct fund's former chief executive officer (CEO) Arul Kanda Kandasamy had difficulty in procuring documents which were vital for the National Audit Department's (NAD) audit of the company, suggested a defence lawyer.

KUALA LUMPUR (Sept 2): Umno, which is seeking to quash a civil suit by SRC International Sdn Bhd, claims there is no cause of reasonable action against the political party.

PUTRAJAYA (Sept 2): The Court of Appeal (COA) today dismissed the prosecution's appeal to forfeit RM192 million from central Umno, RM300,000 from Wanita MCA and RM1.

KUALA LUMPUR (Aug 19): Former 1Malaysia Development Bhd CEO Mohd Hazem Abdul Rahman (pictured) today denied that he failed to disclose to the company’s directors about a purported buyback agreement with a fake company to protect his salary and annual bonus amounting to RM2.

KUALA LUMPUR (Aug 19): Former prime minister Datuk Seri Najib Razak angered High Court Judge Collin Lawrence Sequerah (pictured) this morning after he did not show up for the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

KUALA LUMPUR (Aug 18): 1Malaysia Development Bhd’s (1MDB) former CEO Mohd Hazem Abd Rahman (pictured) denied in the High Court today that he had conspired with fugitive financier Jho Low to siphon millions of ringgit from the fund.

KUALA LUMPUR (Aug 17): Ex-prime minister Datuk Seri Najib Razak's stepson Riza Aziz Abdul Aziz, Red Granite Pictures Inc, Red Granite Capital Ltd, and law firm Shearman & Sterling have yet to appoint lawyers to represent them in a lawsuit filed in May 2021 by 1Malaysia Development Bhd (1MDB) and its three subsidiaries under a legal action involving the alleged misappropriation of about US$250 million (about RM1.

KUALA LUMPUR (Aug 16): 1Malaysia Development Bhd (1MDB) and its four subsidiaries have dropped seven of the 15 defendants in their US$8 billion lawsuit against former office bearers of these companies.

KUALA LUMPUR (Aug 12): Former premier Datuk Seri Najib Razak's Cabinet had given the go-ahead to the National Audit Department (NAD) to probe 1Malaysia Development Bhd's (1MDB) financial accounts even though audit firm Deloitte was also investigating the state fund, a witness testified today.