Sri Ram: 1MDB finances were run like a 'coffee shop'
KUALA LUMPUR (Nov 9): The financial situation of 1Malaysia Development Bhd (1MDB) was likened to a “coffee shop” by prosecutor Datuk Seri Gopal Sri Ram at the 1MDB-Tanore trial on Tuesday.
KUALA LUMPUR (Nov 9): The financial situation of 1Malaysia Development Bhd (1MDB) was likened to a “coffee shop” by prosecutor Datuk Seri Gopal Sri Ram at the 1MDB-Tanore trial on Tuesday.
KUALA LUMPUR (Nov 8): The Malaysian government has successfully recovered almost half of the more than RM31 million worth of assets it had seized or froze from 18 different persons in relation to 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR (Nov 8): The prosecution has failed to forfeit seized assets of Datuk Seri Najib Razak and his family, with the court saying that there were no credible attempts made to show that the properties seized were bought using monies in the former prime minister's accounts.
KUALA LUMPUR (Nov 8): The High Court has dismissed the government's forfeiture action against Puan Sri Goh Gaik Ewe — the mother of fugitive businessman Low Taek Jho — as the prosecution did not provide any evidence on how the assets were related to the commission of unlawful activities.
KUALA LUMPUR (Nov 8): The High Court has decided in favour of Roger Ng Chong Hwa and his wife Lim Hwee Bin in the forfeiture action by the government, as the prosecutor did not provide any proof how several bank accounts of the respondents were related to or used for the commission of unlawful activities.
PUTRAJAYA (Nov 8): Former Federal Court judge Datuk Seri Gopal Sri Ram can continue to lead the prosecution in 1Malaysia Development Bhd (1MDB) cases against former prime minister Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah as a senior deputy public prosecutor (DPP), according to the appellate court.
KUALA LUMPUR (Nov 1): A judgment in default has been entered against SRC International Sdn Bhd's former CEO Nik Faisal Ariff Kamil, who is reported to be at large, in the company's US$1.
KUALA LUMPUR (Oct 29): A total of RM18.
KUALA LUMPUR (Oct 26): Three judges of the High Court on Tuesday (Oct 26) allowed former prime minister Datuk Seri Najib Razak’s amended period for the temporary release of his passport to accompany and support his daughter in Singapore, who is expected to give birth soon.
KUALA LUMPUR (Oct 22): The hearing of the government’s forfeiture of US$340 million which allegedly belongs to 1Malaysia Development Bhd (1MDB) from Saudi national Tarek Obaid and others is set to continue in December after UK law firm Clyde & Co LLP, which is named in the suit, declined to respond to and file affidavits on documents it was served.