Deloitte fined RM2.2m over 1MDB scandal

KUALA LUMPUR (Feb 1): In the first case of an audit firm being penalised in connection with the 1Malaysia Development Bhd (1MDB) scandal, the Securities Commission Malaysia (SC) yesterday fined Deloitte PLT RM2 million for failing to discharge its statutory obligations, including not immediately reporting irregularities.

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UPDATE: Cops raid Goldman Sachs M’sian law firm over 1MDB abuse

KUALA LUMPUR (Jan 25): Officers from the Bukit Aman Commercial Crime Investigation Department (CCID) yesterday raided Messrs Rahmat Lim & Partners, the local law firm used by global bank Goldman Sachs in its 1Malaysia Development Bhd (1MDB) dealings, and left with a box of documents and laptops.

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Alleged 1MDB conspirator says he is a scapegoat

KUALA LUMPUR (Jan 24): Khadem Al Qubaisi, who has been detained in Abu Dhabi since 2016, claims that he is being made a “scapegoat” for the United Arab Emirates’ (UAE) role in the 1Malaysia Development Bhd (1MDB) scandal, according to The Wall Street Journal.

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