News about 1MDB

KUALA LUMPUR (June 24): Lawyers appearing for Goldman Sachs International, which is facing four summonses by the prosecution for capital market offences, have sought further time to study the summons served against the multinational investment bank and financial services company.

  KUALA LUMPUR (June 22): Goldman Sachs offered to pay RM1 billion as compensation to the Government for the 1Malaysia Development Bhd (1MDB) scandal.

PETALING JAYA (June 21): The Umno deputy president, Datuk Seri Mohamad Hasan claimed the party’s money currently forfeited by the Malaysian Anti-Commission Corruption (MACC) is “clean party funds” that should be returned.

  PUTRAJAYA (June 21): The government will form a joint task force to recover US$5 billion (RM20.

KUALA LUMPUR (June 21): The Malaysian Anti-Corruption Commission (MACC) has filed a civil forfeiture suit against 41 entities and individuals in a bid to recover RM270 million of funds which were allegedly misappropriated from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (June 17): A spokesperson for Low Taek Jho through his lead US attorneys, issued a statement today saying claims former SRC International Sdn Bhd secretary Goh Gaik Kim is Low’s relative are demonstrably false.

KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.

KUALA LUMPUR (June 14): The defence lawyers in the SRC International Sdn Bhd trial decided to proceed with the testimony of its former chairman Tan Sri Ismee Ismail after all, following their scrutiny of his oral evidence transcript for alleged deviations from his witness statement.