KUALA LUMPUR (Nov 11): Justice Mohd Nazlan Ghazali said Retirement Fund Incorporated's (KWAP) RM2 billion loan to SRC International Sdn Bhd would not have been approved without the government guarantees and early disbursement of the loan would not have been done if the accused was not PM or Finance Minister at the time.
KUALA LUMPUR (Nov 7): High Court judge Justice Mohamed Zaini Mazlan would decide on next Wednesday (Nov 13) on whether the 1Malaysia Development Bhd (1MDB) audit report tampering trial involving former premier Datuk Seri Najib Razak (pictured) and the fund’s former chief executive officer Arul Kanda Kandasamy could begin on Jan 13.
KUALA LUMPUR (Nov 6): Ex-Goldman Sachs Group Inc banker Roger Ng Chong Hwa (pictured) will return to Malaysia next March, in time for his trial for abetting the sale of 1Malaysia Development Bhd (1MDB) bonds totalling US$6.
KUALA LUMPUR (Nov 5): The defence in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial today alleged that prosecution witness Datuk Shahrol Azral Ibrahim Halmi (pictured) helped to facilitate a scam to siphon money out of the defunct sovereign wealth fund.
KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).
KUALA LUMPUR (Nov 4): Datuk Seri Najib Razak (pictured) today avoided having further conditions imposed on his bail, after the prosecution questioned his presence in Johor last Friday.
KUALA LUMPUR: Attorney-General (AG) Tan Sri Tommy Thomas said the 1Malaysia Development Bhd (1MDB)-Tanore trial requires the expertise of 76-year-old prosecutor Datuk Seri Gopal Sri Ram, a former Federal Court judge, as the case is a highly complex white collar crime case that calls for an all-round barrister to lead the prosecution exam.
KUALA LUMPUR (Nov 4): Fugitive Malaysian financier Low Taek Jho has been a Cyprus citizen for the past four years, according to Politis, a daily Greek-language newspaper published in Cyprus.
KUALA LUMPUR (Oct 30): Even though 1Malaysia Development Bhd (1MDB) had yet to see any returns from its US$1 billion investment in its joint venture (JV) with PetroSaudi International Ltd (PSI), former chief executive officer Datuk Shahrol Azral Ibrahim Halmi told the High Court he did not find it odd or "hare-brained" to fork out another US$1.