News about 1MDB

KUALA LUMPUR (May 7): The US government has returned and will be returning substantial monies to Malaysia, representing the first instalment of funds recovered from asset seizures related to 1Malaysia Development Bhd (1MDB) under the US Department of Justice's (DoJ) Kleptocracy Asset Recovery Initiative, says Attorney General Tommy Thomas.

KUALA LUMPUR (May 7): The investment panel of Kumpulan Wang Persaraan (Diperbadankan) (KWAP) would have rejected the loan to 1Malaysia Development Bhd (1MDB)'s former subsidiary SRC International Sdn Bhd if it could, according to KWAP's former assistant vice president Amirul Imran Ahmad.

KUALA LUMPUR (May 7): Former Goldman Sachs Group Inc banker Roger Ng, who was charged last year in connection with the looting of billions of dollars from 1Malaysia Development Bhd (1MDB), pleaded not guilty in Brooklyn federal court on Monday, just hours after being flown back to the United States.

  KUALA LUMPUR (May 7): Datuk Seri Najib Razak's SRC trial will start a little later today as the former premier will have to travel to the Court of Appeal in Putrajaya to know the outcome of his appeal to remove former Federal Court judge Datuk Gopal Sri Ram as a prosecutor in his 1Malaysia Development Bhd (1MDB)  case.

PUTRAJAYA (May 7): Malaysia will continue its hunt for Jho Low, a central figure in the 1Malaysia Development Bhd (1MDB) scandal, because what the country has recovered so far is still far less than what it has lost via the strategic investment fund, said Tun Dr Mahathir Mohamad.

KUALA LUMPUR (May 6): Former Goldman Sachs banker Roger Ng has been sent to the United States to face charges over 1MDB-related offences in a deal worked out between Malaysian investigators and the US Department of Justice (DOJ).

KUALA LUMPUR (May 6): The RM4 billion loan from Kumpulan Wang Persaraan (Diperbadankan) (KWAP) to SRC International Sdn Bhd was the largest borrowing witnessed by Amirul Imran Ahmad (pictured), who was working as the assistant vice president in the civil servants' retirement fund when the financing was approved in 2011 and 2012.

KUALA LUMPUR (May 6): Former prime minister Datuk Seri Najib Razak supported the request by SRC International Sdn Bhd for a RM3.

  KUALA LUMPUR (May 6): The High Court is expected to continue to hear the testimony of former KWAP assistant vice-president for Fixed Income Department Amirul Imran Ahmad over the remaining RM2 billion loan out of the total RM4 billion that KWAP gave to SRC International Sdn Bhd as the hearing enters its 13th day today.

KUALA LUMPUR (May 2): Fugitive businessperson Low Taek Jho, also known as Jho Low, has stressed that the surrender of jewellery belonging to his mother, Evelyn Goh, does not amount to an admission of wrongdoing.