News about 1Malaysia Development Bhd

PETALING JAYA (Feb 8): The sale of the superyacht Equanimity is progressing well and many potential buyers have visited the vessel currently moored in Langkawi, said Jonathan Beckett, CEO of Burgess, the luxury yacht specialist which is the appointed agent to sell the vessel.

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.

(Jan 31): The Edge Media Group chairman Datuk Tong Kooi Ong has gifted whistle-blower Xavier Andre Justo RM8.

PUTRAJAYA (Jan 30): The Malaysian government expects to be able to recover the first tranche of funds that have been stolen through 1Malaysia Development Bhd (1MDB) within this year, according to Finance Minister Lim Guan Eng (pictured).

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.

KUALA LUMPUR (Jan 24): Bukit Aman Police are confimred to be visiting Goldman Sachs' Malaysian law firm Rahmat Lim & Partners since this morning.

KUALA LUMPUR (Jan 24): Malaysian police were at the law firm of Rahmat Lim & Partners this morning to search for documents related to the three 1Malaysia Development Bhd (1MDB) bonds handled by Goldman Sachs.

KUALA LUMPUR (Jan 24): Khadem Al Qubaisi, who has been detained in Abu Dhabi since 2016, claims that he is being made a “scapegoat” for the United Arab Emirates’ (UAE) role in the 1Malaysia Development Bhd (1MDB) scandal, according to The Wall Street Journal.

LONDON (Jan 22): Equanimity, the luxury yacht with an infamous reputation, failed to secure a buyer from an auction held since last year-end.