News about Haze

KUALA LUMPUR (Aug 19): Former 1Malaysia Development Bhd CEO Mohd Hazem Abdul Rahman (pictured) today denied that he failed to disclose to the company’s directors about a purported buyback agreement with a fake company to protect his salary and annual bonus amounting to RM2.

KUALA LUMPUR (May 17): Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abd Rahman told the court today that former prime minister Datuk Seri Najib Abdul Razak was involved in fugitive businessman Low Taek Jho's “nefarious agenda” when the sovereign wealth fund’s subsidiary raised US$3 billion in bonds for a sham joint venture with Abu Dhabi in 2013.

KUALA LUMPUR (Feb 16): Former 1MDB chief executive officer Mohd Hazem Abdul Rahman (pictured) has denied being involved in the US$3 billion fundraising exercise undertaken by the state fund in 2012, contradicting an earlier statement by his predecessor Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Feb 15): Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abdul Rahman (pictured) testified today that while he was told that 1MDB was used to fund Umno, during his tenure, he had seen no such evidence of money from the government investment fund benefitting Umno or former prime minister Datuk Seri Najib Abdul Razak.

KUALA LUMPUR (Feb 15): Despite being aware of possible elements of criminal wrongdoing in 1Malaysia Development Bhd (1MDB), its former chief executive officer (CEO) said he went along with the instructions given to him by purported master conspirator Low Taek Jho (Jho Low) as the ex-CEO was fearful of then prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Feb 15): Several 1Malaysia Development Bhd (1MDB) meetings involving senior officials were held at purported master conspirator Low Taek Jho's apartment as he could not be seen at the government fund’s office giving advice, the High Court heard today.

KUALA LUMPUR (Feb 9): An affordable housing development project in Ayer Itam, Penang — which used up part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) initially intended for the development of the Tun Razak Exchange (TRX) — never saw the light of day, the High Court heard today.

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 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.