PM: We will lose if Malaysia goes to war over Jho Low
KUALA LUJMPUR (Nov 7): Prime Minister Tun Dr Mahathir Mohamad today said it will not fight a war with the country where fugitive businessman Low Taek Jho or Jho Low is living in currently.
Najib’s defence argues PSI tried to trick him into expediting US$1b funding
KUALA LUMPUR (Nov 7): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial has argued that there may have been a conspiracy by PetroSaudi International Ltd (PSI) executives Tarek Obaid and Patrick Mahony to ensure that the former Prime Minister would expedite the release of US$1 billion to their company.
1MDB-Tanore Trial Day 32: Najib to attend to another 1MDB case first thing this morning
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.
Jho Low is not in Cyprus, says IGP
KUALA LUMPUR (Nov 6): Inspector-general of police Tan Sri Abdul Hamid Bador has rejected reports that the fugitive businessman Low Taek Jho aka Jho Low is “lying low” in Cyprus by allegedly using the island nation’s passport.
1MDB-Tanore Trial Day 31: Court failed to follow longer trial hours on first day of implementation
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.
Najib's defence allege Shahrol part of conspiracy to cheat 1MDB in GDF Suez deal
KUALA LUMPUR (Nov 5): The defence in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial today alleged that prosecution witness Datuk Shahrol Azral Ibrahim Halmi (pictured) helped to facilitate a scam to siphon money out of the defunct sovereign wealth fund.
PetroSaudi still owes 1MDB up to US$2.2b as of 2015, court told
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.
Cyprus president wants Jho Low's passport revoked: Report
KUALA LUMPUR (Nov 5): In the latest twist to the story of fugitive business man Jho Low holding a Cyprus passport, the country’s president Nicos Anastasiades yesterday agreed to having the Malaysian’s passport revoked if investigations justify it.
Despite ‘zero governance’ of 1MDB-PetroSaudi JV, partnership continued to maintain ‘strategic relationship’
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.
Fugitive financier Jho Low holds Cyprus passport – report
KUALA LUMPUR (Nov 4): Fugitive Malaysian financier Low Taek Jho has been a Cyprus citizen for the past four years, according to Politis, a daily Greek-language newspaper published in Cyprus.
