News about 1Malaysia Development Bhd (1MDB)

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.

The Edge reports that the police have established a connection between fugitive businessperson Jho Low and jewellery that was seized from apartments linked to former prime minister Najib Abdul Razak.

KUALA LUMPUR (May 17): Tabung Harapan Malaysia’s (THM) entire funds amounting to RM203.

KUALA LUMPUR (May 16): Ihsan Perdana Sdn Bhd managing director Datuk Dr Shamsul Anwar Sulaiman (pictured) told the court that he did not know the RM42 million cash transfers made by the company between Dec 26, 2014 and Feb 10, 2015 went into former premier Datuk Seri Najib Razak's accounts.

KUALA LUMPUR (May 8): The government and the police have filed a civil forfeiture suit against former premier Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and several others in relation to jewellery, cash, handbags and luxury vehicles said to have been bought using 1 Malaysia Development Bhd (1MDB) funds.

KUALA LUMPUR (May 8): Malaysia has thus far recovered US$322 million — equivalent to about RM1.

  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): 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 1): Two “Datuks” who backed Datuk Seri Najib Razak in his nine years of power told the High Court here that they each received a cheque from the former premier in February 2015.