News about Good Star

KUALA LUMPUR (Nov 7): Former premier Datuk Seri Najib Abdul Razak will have to attend to another case involving 1Malaysia Development Bhd (1MDB) this morning before appearing for his 1MDB-Tanore trial, which will be entering its 32nd day.

KUALA LUMPUR (Nov 6): The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial yesterday ended early at 4:50pm, instead of the originally scheduled 6pm, as lead defence counsel Tan Sri Muhammad Shafee Abdullah requested to leave earlier to attend the Sultan Azlan Shah law lecture.

KUALA LUMPUR (Nov 5): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), says today PetroSaudi International Ltd (PSI) has accumulated "around US$2.

KUALA LUMPUR (Nov 5): The High Court here was told that the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI) in 2009 had “zero governance”, yet the former persisted in partnering with the latter to preserve their “strategic relationship”, a witness said.

PETALING JAYA (Oct 31): The key figure in the 1Malaysia Development Bhd scandal Low Taek Jho, better known as Jho Low, is currently in the United Arab Emirates and and has obtained asylum in another country on the basis of human rights and political persecution, legal sources told The Malaysian Insight (TMI).

KUALA LUMPUR (Oct 31): The High Court has fixed Dec 16 as the next case mention date for charges (change to summons) against three Goldman Sachs entities in the latter's alleged conduct of misleading investors in the issuance of three 1MDB bonds.

KUALA LUMPUR (Oct 31): Fugitive businessman Low Taek Jho confirmed today he has reached a landmark comprehensive, global settlement with the US government to resolve the US' civil and criminal actions relating to his assets.

PETALING JAYA (Oct 31): The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.

KUALA LUMPUR (Oct 30): The government will have to forked out RM13.

KUALA LUMPUR (Oct 30): The diversion of US$700 million to Good Star Ltd — a company linked to fugitive businessman Low Taek Jho — instead of the joint venture company set up between 1 Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI), was apparently known to former prime minister Datuk Seri Najib Abdul Razak, said a former 1MDB chief executive.