News about 1Malaysia Development Bhd

PETALING JAYA (Sept 5): China Communications Construction Co Ltd (CCCC), the contractor of the suspended East Coast Rail Link, is confident that the project – which was called off last month – will be restarted thanks to bilateral talks between China and Malaysia, reported South China Morning Post.

KUALA LUMPUR (Aug 24): The superyacht Equanimity, which is linked to Low Taek Jho — the alleged mastermind behind 1Malaysia Development Bhd's troubles — may find a new owner "in the next two or three months" after a Malaysian court granted an application to facilitate the sale of the vessel today.

KUALA LUMPUR (Aug 24): Malaysian police today filed the first set of criminal charges against Low Taek Jho (Jho Low) and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Aug 24): A spokesman for Low Taek Jho, through his attorneys, issued a statement today saying the Malaysian government's immediate plan to sell the yacht Equanimity at a public auction is unlikely to get a fair market value for the asset due to the yacht's maintenance cost.

KUALA LUMPUR (Aug 16): Malaysia will strive to prove that the private aircraft owned by businessman Low Taek Jho or Jho Low was bought with money stolen from the country, Tun Dr Mahathir Mohamad said today.

KUALA LUMPUR (Aug 16): Investigations into the RM1 billion Equanimity (pictured) superyacht as part of a corruption probe linked to 1Malaysia Development Bhd (1MDB) is "going as planned", says lawyer Sitpah Selvaratnam, who is heading the team of lawyers representing 1MDB and the Malaysian government in the claim over Equanimity.

KUALA LUMPUR (Aug 15): Former prime minister Datuk Seri Najib Tun Razak said he will not object to the proposed reopening of the 1Malaysia Development Bhd (1MDB) investigation by the Public Accounts Committee (PAC) as "the truth should be known".

KUALA LUMPUR (Aug 15): Finance Minister Lim Guan Eng today filed a motion for the Auditor General (AG) and Public Accounts Committee (PAC) to reopen a detailed investigation on the 1Malaysia Development Bhd (1MDB) scandal in Dewan Rakyat.

KUALA LUMPUR (Aug 14): The seizure of the controversy-laden yacht Equanimity was in accordance with prescribed laws and therefore legally valid, said Minister in the Prime Minister's Department Datuk Liew Vui Keong.

TANJUNG MALIM (Aug 12): Several government agencies took part in a meeting yesterday to coordinate security control on the luxurious yacht Equanimity.