News about 1Malaysia Development Bhd

KUALA LUMPUR (Nov 26): The presence of Low Taek Jho (Jho Low) in a 1Malaysia Development Bhd (1MDB) board meeting was to represent Prince Turki Abdullah, the owner of PetroSaudi International, according to Shafee & Co, the law firm representing former prime minister Datuk Seri Najib Razak in several ongoing criminal cases.

KUALA LUMPUR (Nov 26) : The Malaysian Institute of Accountants (MIA) said it had completed its investigation into Messrs Deloitte over the latter’s role as the former auditor of scandal-plagued fund 1Malaysia Development Bhd (1MDB).

Datuk Seri Najib Razak, in an interview with Sinar Harian last week, conceded that based on information available today, Jho Low had cheated Malaysia of billions of dollars through transactions done by 1Malaysia Development Bhd (1MDB).

PETALING JAYA (Nov 23): The Auditor-General’s (AG) report on 1Malaysia Development Bhd (1MDB) in 2016 had been amended, following the orders of then prime minister Najib Razak, Utusan reported, citing unnamed sources.

KUALA LUMPUR (Nov 13): The rule of law applies in trials of former prime minister Datuk Seri Najib Razak whether he is guilty or innocent, said Prime Minister Tun Dr Mahathir Mohamad in an interview.

KUALA LUMPUR (Nov 12): The Public Accounts Committee (PAC) will hold a meeting tomorrow (Nov 13) to discuss the date for proceedings to start, pertaining to the reinvestigation of 1Malaysia Development Bhd (1MDB).

NEW YORK (Nov 2): A three-count criminal indictment was unsealed yesterday in federal court in the eastern district of New York charging Low Taek Jho, also known as Jho Low, and Ng Chong Hwa, also known as Roger Ng, with conspiring to launder billions of dollars embezzled from 1Malaysia Development Bhd (1MDB), a government strategic investment fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.

KUALA LUMPUR (Nov 1): A US federal court has approved the agreement between the Department of Justice (DoJ) and Global One Aviation (Global 5000) Ltd for the sale of the Bombardier Global 5000 jet linked to businessman Low Taek Jho, to ensure the parties' legal rights with respect to the jet are maintained.

KUALA LUMPUR (Oct 31): Former prime minister Datuk Seri Najib Razak has arrived at the Kuala Lumpur Court Complex for the hearing of his application to transfer 25 graft-related charges involving some RM2.

KUALA LUMPUR (Oct 30): The Parliament's Public Accounts Committee (PAC) revealed today that its reinvestigation on 1Malaysia Development Bhd, which was supposed to have started on Monday, Oct 29, has been delayed on the advice of Attorney-General Tommy Thomas.