1MDB invested additional US$1.5b despite zero returns from first US$1b

KUALA LUMPUR (Oct 30): Even though 1Malaysia Development Bhd (1MDB) had yet to see any returns from its US$1 billion investment in its joint venture (JV) with PetroSaudi International Ltd (PSI), former chief executive officer Datuk Shahrol Azral Ibrahim Halmi told the High Court he did not find it odd or "hare-brained" to fork out another US$1.

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High Court defers hearing on Najib, Shafee's challenge against Sri Ram

KUALA LUMPUR (Oct 25): Attorney General Tan Sri Tommy Thomas and former federal court judge Datuk Seri Gopal Sri Ram (pictured) will file further affidavits in ex-prime minister Datuk Seri Najib Razak and his lawyer Tan Sri Muhammad Shafee Abdullah's civil challenge against Sri Ram's appointment as senior deputy public prosecutor in 1Malaysia Development Bhd (1MDB)-linked cases.

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Money laundering charges must fall as CBT charges has not been proven, says defence

KUALA LUMPUR (Oct 23): The defence team in Datuk Seri Najib Razak's SRC International Sdn Bhd graft trial involving RM42 million of the company's funds has argued that the prosecution must first prove that the former prime minister indeed committed the predicate offences — criminal breach of trust (CBT) — in order for the money laundering charges to stand, as the two offences are related.

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