News about 1MDB

KUALA LUMPUR (Oct 9): AmBank, the lead arranger of 1Malaysia Development Bhd's (1MDB) RM5 billion bond programme, did not tell the fund that companies linked to fugitive financier Low Taek Jho was the major subscribers of its discounted RM5 billion bonds issued in 2009, the High Court heard today.

KUALA LUMPUR (Oct 9): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd (1MDB) trial has revealed that Thailand-based Country Group Securities Pcl, which was involved in the flipping of a RM5 billion Islamic medium term notes (IMTN) issued by the fund in 2009, is linked to Tan Sri Larry Low Hock Peng — the father of fugitive Low Taek Jho.

KUALA LUMPUR (Oct 8): The following is a statement by Datuk Seri Nazir Razak (pictured): I refer to media reports about the MACC recovery plan for funds totalling RM420m from 80 persons and entities who received more than RM 500,000 in alleged 1MDB monies.

KUALA LUMPUR (Oct 8): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), told the court that there were no lawyers on the board of directors of Terengganu Investment Authority Bhd (TIA) after the resignation of lawyer Christopher Lee Sian Teik of Christopher Lee & Co.

KUALA LUMPUR (Oct 8): "There is a possibility" that Datuk Shahrol Azral Ibrahim Halmi was recommended by Low Taek Jho (Jho Low) to helm 1Malaysia Development Bhd (1MDB) despite his lack of experience in finance, as part of the plan by the fugitive businessman to conduct the alleged misappropriation of funds.

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), has denied receiving US$1 million from former Goldman Sachs banker Tim Leissner in relation to the issuance of the US$1.

KUALA LUMPUR (Oct 7): Just like ex-premier Datuk Seri Najib Razak's former special officer Datuk Amhari Efendi Nazaruddin, former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) also was gifted BlackBerry phones by fugitive businessman Low Taek Jho (Jho Low) to discuss 1MDB matters outside of the official channels, the High Court heard today.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi said the initial public offering (IPO) of 1MDB Energy in 2015 could have been successful, if not for the negative publicity spread by the Opposition at the time.

KUALA LUMPUR (Oct 7): The involvement of fugitive financier Low Taek Jho (Jho Low) in 1Malaysia Development Bhd (1MDB) had to be kept under wraps, as there were people within Umno who were unhappy with his direct access to Datuk Seri Najib Razak (pictured), the High Court was told.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.