News about MD

PETALING JAYA (September 25): Production company Red Granite Pictures has paid off the balance of its US$60 million (RM234 million) settlement with the US government Red Granite had been accused of using more than $100 million embezzled from 1MDB, The American magazine Variety reported that in an agreement reached with federal prosecutors in March, Red Granite had promised to make the forfeiture payment in three instalments.

KUALA LUMPUR (September 25): Alleged 1Malaysia Development Bhd (1MDB) mastermind Low Taek Jho (pic), better known as Jho Low, plans to strike a deal with the US Department of Justice (DoJ) over the latter’s investigation into the controversial fund, said Sarawak Report.

  KUALA LUMPUR (September 22): Residents of People’s Housing Projects (PPRs) may soon be afforded a novel avenue to make money in order to settle their monthly house payments, by catching rats.

The 1Malaysia Development Bhd asset recovery team is in the midst of efforts to recover RM974 million that have been distributed to local individuals and groups by Datuk Seri Najib Razak.

KUALA LUMPUR (September 21): Former prime minister Najib Abdul Razak posted the first portion of his RM3.

PUTRAJAYA (September 21): The Attorney General's Chambers (AGC) has announced that a meeting was conducted between prosecutors, civil recovery specialists and investigators from the United States, Singapore and Switzerland who were involved in the 1MDB investigation.

KUALA LUMPUR (September 17): On his website, launched today, Low Taek Jho proclaimed his innocence.

KUALA LUMPUR (Sept 14): Deputy Inspector-General of Police Tan Sri Noor Rashid Ibrahim said police can hold onto the seized 1Malaysia Development Bhd (1MDB) cash and jewellery for up to one year instead of three months as former Prime Minister Datuk Seri Najib Razak (pictured) has claimed.

KUALA LUMPUR (Sept 14): The police will not reveal the whereabouts of fugitive businessman Low Taek Jho, also known as Jho Low, even if they know it, Deputy Inspector-General of Police Tan Sri Noor Rashid Ibrahim said.

KUALA LUMPUR (Sept 13): Investigations into state-owned investment fund 1Malaysia Development Bhd (1MDB) have revealed that US$972 million (RM2.