News about Audi

KUALA LUMPUR (March 17): The High Court here today has fixed Sept 6-7, 2021 to hear the prohibition order application by the Malaysian government against PetroSaudi International Ltd (PSI) and Saudi businessman Tarek Obaid from using over US$340 million (RM1.

KUALA LUMPUR (Feb 24): National Audit Department (NAD) director Datuk Nor Salwani Muhammad has denied that she was conferred a datukship solely because of her role in exposing the alleged tampering of the original audit report of the scandal-hit 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.

KUALA LUMPUR (Jan 14): Deloitte PLT partner Mark Evelyn Thomson and two former auditors of the firm have launched a legal challenge against the Malaysian Institute of Accountants (MIA) over its probe into their roles in the 1MDB audit for 2013 and 2014.

PUTRAJAYA (Dec 2): Former premier Datuk Seri Najib Razak (pictured) has stated 307 reasons in his petition of appeal to set aside his conviction and sentence in the SRC International Sdn Bhd case Among others, he claimed that the trial judge, Justice Mohd Nazlan Mohd Ghazali, was wrong in finding that his action of not returning the RM42 million SRC money was detrimental to his defence.

KUALA LUMPUR (Nov 30): The 1Malaysia Development Bhd (1MDB) audit tampering trial involving former prime minister Datuk Seri Najib Razak and former 1MDB president Arul Kanda Kandasamy has been deferred for the whole of this week.

KUALA LUMPUR (Nov 10): The scheduled High Court hearing here today of the Malaysian government's planned forfeiture of US$340.

KUALA LUMPUR (Oct 1) : A lawyer for a subsidiary of PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (Inc in Barbados) informed the High Court here today that there had been some recent development with regards to Malaysia's prosecution application to forfeit US$340.

KUALA LUMPUR (Sept 17): Solicitors representing the Malaysian Anti Corruption Commission (MACC) is currently looking into reports that the United States Department of Justice is seeking some US$300 million additional assets allegedly from 1Malaysia Development Bhd (1MDB), a sum that the MACC is also seeking to recover from several parties via a forfeiture application.

KUALA LUMPUR (Sept 16): Hotel and resort operator Avillion Bhd’s external auditors have red-flagged the loss-making group's ability to continue as a going concern, as its current liabilities have exceeded its current assets.