News about 1mdb

KUALA LUMPUR (Sept 17): The Kuala Lumpur High Court has today turned down the prosecution's application to forfeit RM700,000 worth of funds allegedly linked to 1Malaysia Development Bhd (1MDB) from Umno Pekan.

KUALA LUMPUR (Sept 17): Former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman (pictured) was offered almost triple his salary in his previous company to join 1MDB, the High Court heard today.

KUALA LUMPUR (Sept 17): The US Department of Justice (DoJ) wants to recover US$300 million (RM1.

KUALA LUMPUR (Sept 17): The prosecution in ex-prime minister Datuk Seri Najib Razak's abuse of power and money laundering trial is expected to complete the examination-in-chief of former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman at the High Court here today.

KUALA LUMPUR (Sept 15): Former prime minister Datuk Seri Najib Razak had pressured former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman (pictured) to request audit firm KPMG to conclude the audit of the state fund’s financial statements for 2013 despite certain irregularities it found, the High Court heard today.

KUALA LUMPUR (Sept 15): PetroSaudi Oil Services (Venezuela) Ltd (PSOSL) (Incorporated in Barbados) reiterated its undertaking to the High Court today that it would not move the disputed US$340.

KUALA LUMPUR (Sept 15): Former prime minister Datuk Seri Najib Razak had used part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) — initially intended for the development of the Tun Razak Exchange (TRX) — to acquire land in Ayer Itam, Penang as part of Umno’s campaigning leading up to the 2013 General Elections (GE13), the High Court heard today.

KUALA LUMPUR (Sept 14): After an attempt by former Prime Minister Datuk Seri Najib Abdul Razak’s lawyers to get certain parts of former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman's witness testimony removed, he finally takes the stand at the 1MDB-Tanore trial today.

KUALA LUMPUR (Sept 10): 1MDB chief executive office Mohd Hazem Abdul Rahman's witness statement in the 1MDB-Tanore trial has been accepted for now by the High Court despite former premier Datuk Seri Najib Abdul Razak’s team claiming that the statement was hearsay.

KUALA LUMPUR (Sept 8): High Court judge Justice Collin Lawrence Sequerah has postponed his decision on the admissibility of former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman's witness statement in the 1MDB-Tanore trial to Thursday (Sept 10), to hear further submission from the defence.