News about 1Malaysia

KUALA LUMPUR (Jan 22): Former Goldman Sachs banker Roger Ng Chong Hwa, who is facing 1MDB-related charges in the US and Malaysia, has filed an appeal at the High Court against an earlier decision by the Sessions Court, which rejected his bail application.

  KUALA LUMPUR (Jan 15): The US$7.

PETALING JAYA (Jan 13): Aset Tanah Nasional Bhd (ATN), a company owned by the Ministry of Finance (MoF), was used to invest in a number troubled assets – including those owned by scandal-ridden fund 1Malaysia Development Bhd (1MDB), reported The Edge Malaysia.

KUALA LUMPUR (Jan 11): Goldman Sachs may be on the hook for as much as US$5 billion (about RM20.

PUTRAJAYA (Jan 10): The government has been unable to find fugitive financier Low Taek Jho, also known as Jho Low, so far, but is confident of locating him by stepping up its search efforts, Tun Dr Mahathir Mohamad said today.

KUALA LUMPUR (Jan 9): Former member of disbanded American hip hop group Fugees, Pras Michel, has challenged a seizure by the US government of US$37.

KUALA LUMPUR (Jan 9): Fugitive businessperson Low Taek Jho, also known as Jho Low, has dismissed a Wall Street Journal (WSJ) report claiming that he had a role in facilitating deals with China to bail out 1MDB in 2016 in exchange for lucrative contracts.

KUALA LUMPUR (Jan 9): Former prime minister Datuk Seri Najib Razak and Chinese officials have denied a news report claiming that Beijing had in 2016 offered to help bail out 1Malaysia Development Bhd (1MDB) in exchange for lucrative contracts.

  In response to the Wall Street Report that alleged former prime minister Najib Razak had signed major deals with China in return for a bailout for 1MDB debts and investigations from a number of countries, Finance Minister Lim Guan Eng said that the government will examine China-linked projects more closely for elements of corruption.

  The Malaysian government was in the midst of a swelling, multibillion-dollar graft scandal in 2016, when Senior Chinese leaders offered to help bail them out, according to minutes from previously undisclosed meetings, cited by The Wall Street Journal (WSJ).