News about 1MDB

KUALA LUMPUR (June 11): Today’s afternoon session of the trial against former Prime Minister Datuk Seri Najib Razak over his alleged involvement in embezzling funds from SRC International Sdn Bhd saw the defence going into overdrive to prove he was not in control of the special purpose vehicle (SPV).

  KUALA LUMPUR (June 10): The 38th prosecution witness, former Retirement Fund (Incorporated) (KWAP) chief executive officer Datuk Azian Mohd Noh, will continue to be cross-examined by lawyers representing Datuk Seri Najib Razak as his SRC International Sdn Bhd trial enters its 21st day today.

The Human Rights Watch (HRW) has said that it is hypocritical for Low to denounce Mahathir for human rights abuses when Low was more than happy to benefit from human rights abuses when it suited his personal interests.

KUALA LUMPUR (May 31): Fugitive businessman Low Taek Jho, more popularly known as Jho Low, disseminated this open letter to the media through his public relations firm after the High Court ruled that parties claiming to have interest in any of the RM31 million worth of 1Malaysia Development Bhd (1MDB)-related assets which were seized by the government, have until Aug 30 to challenge the assets forfeiture.

  KUALA LUMPUR (May 30): Those who claim to have interest in any of the RM31 million worth of 1Malaysia Development Bhd (1MDB)-related assets which were seized by the government, have until this Aug 30 to challenge the assets’ forfeiture, High Court Judge Justice Mohamed Zaini Mazlan ruled today.

KUALA LUMPUR (May 30): Attorney General Tommy Thomas said today the UK High Court emphasised that it remains ready to proceed with 1Malaysia Development Bhd (1MDB) and Minister of Finance Inc's (MOF Inc) challenge against the consent award to International Petroleum Investment Co (IPIC) after having regard to the circumstances.

  PETALING JAYA (May 30): Two luxury condominiums belonging to Jho Low, allegedly bought with money stolen from 1Malaysia Development Bhd (1MDB) are to be sold as part of U.

KUALA LUMPUR (May 30): Retirement Fund Inc's (KWAP) investment panel, the body that has the final say on whether to approve a loan to a third party using the fund's money or not, was not "compelled" to act in accordance to the government's intent to lend money to SRC International Sdn Bhd, the High Court was told yesterday.

KUALA LUMPUR (May 28): Ihsan Perdana Sdn Bhd (IPSB) managing director Datuk Dr Shamsul Anwar Sulaiman (pictured) said he was only following orders when the company's Affin Bank account was used as a transit account to transfer money to a company known as Mail Global Resources.

  PETALING JAYA (May 23): The cops have swooped in on the office Deloitte Malaysia here in relation to the 1Malaysia Development Bhd (1MDB) scandal, reported The Star today.