KUALA LUMPUR (Feb 1): In the first case of an audit firm being penalised in connection with the 1Malaysia Development Bhd (1MDB) scandal, the Securities Commission Malaysia (SC) yesterday fined Deloitte PLT RM2 million for failing to discharge its statutory obligations, including not immediately reporting irregularities.
KUALA LUMPUR (Feb 1): The Malaysian government will let Goldman Sachs Group Inc decide how much to pay of the US$7.
KUALA LUMPUR (Jan 28): Jho Low’s parents and two other associates are being sought by the Malaysia’s police as part of the investigation into the 1MDB scandal.
LONDON (Jan 22): Equanimity, the luxury yacht with an infamous reputation, failed to secure a buyer from an auction held since last year-end.
KUALA LUMPUR (Jan 15): The US$7.
KUALA LUMPUR (Jan 11): Goldman Sachs may be on the hook for as much as US$5 billion (about RM20.
In response to the Wall Street Report that alleged former prime minister Najib Razak had signed major deals with China in return for a bailout for 1MDB debts and investigations from a number of countries, Finance Minister Lim Guan Eng said that the government will examine China-linked projects more closely for elements of corruption.
The Malaysian government was in the midst of a swelling, multibillion-dollar graft scandal in 2016, when Senior Chinese leaders offered to help bail them out, according to minutes from previously undisclosed meetings, cited by The Wall Street Journal (WSJ).
Part 1 of this article can be found here.
KUALA LUMPUR (Jan 4): The Sessions Court has issued a temporary remand on Roger Ng Chong Hwa before deciding whether to grant bail to the former Goldman Sachs employee amidst his extradition hearing.
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