News about 1Malaysia Development Bhd (1MDB)

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 (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.

KUALA LUMPUR (Oct 30): PetroSaudi International Ltd (PSI) chief executive and co-founder Tarek Obaid received an US$85 million (about RM356 million) commission as a result of the company's joint venture (JV) deal with 1Malaysia Development Bhd (1MDB).

  LOS ANGELES (Oct 24): The fugitive Low Taek Jho, or Jho Low's office for his luxury lingerie company is to be sold, as part of forfeiture lawsuits related to recovering money misappropriated from the 1Malaysia Development Bhd (1MDB) investment fund.

  KUALA LUMPUR (Oct 24): It is the 25th day of Datuk Seri Najib Razak’s 1MDB-Tanore trial, with the defence scheduled to continue the cross-examination of the ninth prosecution witness — former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

  KUALA LUMPUR (Oct 21): The 1Malaysia Development Bhd (1MDB)-Tanore trial former of prime minister Datuk Seri Najib Razak continues today, as the defence inches towards the end of the first phase of the 1MDB fiasco with its first joint venture partner PetroSaudi International Ltd (PSI).

KUALA LUMPUR (Oct 17): The High Court today ruled that the Malaysia Institute of Accountants’ (MIA) Disciplinary Committee cannot make public the findings of its investigations on Deloitte PLT partner Ng Yee Hong in relation to his audit of 1Malaysia Development Bhd’s (1MDB) accounts for 2013 and 2014.

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), has denied receiving US$1 million from former Goldman Sachs banker Tim Leissner in relation to the issuance of the US$1.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi said the initial public offering (IPO) of 1MDB Energy in 2015 could have been successful, if not for the negative publicity spread by the Opposition at the time.

KUALA LUMPUR (Oct 7): The involvement of fugitive financier Low Taek Jho (Jho Low) in 1Malaysia Development Bhd (1MDB) had to be kept under wraps, as there were people within Umno who were unhappy with his direct access to Datuk Seri Najib Razak (pictured), the High Court was told.