News about MD

KUALA LUMPUR (Sept 13): Sovereign fund 1Malaysia Development Bhd (1MDB)’s former special advisor Low Taek Jho or Jho Low is alleged to have gifted Kim Kardashian (pictured) and her ex-spouse Kris Humphries a US$325,000 white Ferrari for their wedding in 2011.

SINGAPORE/NEW YORK (August 29): Previously listed as a managing director for Asia on the website of Celcius Holdings Inc, Roger Ng’s presence has been scrubbed, reports Bloomberg.

PETALING JAYA (Aug 29): The 1Malaysia Development Bhd (1MDB) scandal is more responsible for bringing down the Barisan Nasional (BN) government in the 14th general election (GE14) than the unpopular goods and services tax (GST), says veteran financial journalist P Gunasegaram.

In light of the billions that were misappropriated from 1MDB, it may not seem like much that millions were made by unknown parties on the first bond issuance of 1MDB in 2009.

BEIJING (Aug 21): Prime Minister Tun Dr Mahathir Mohamad (pictured) said today he did not ask Chinese leaders yesterday about Low Taek Jho.

KUALA LUMPUR (Aug 17): Former Public Accounts Committee (PAC) chairman Datuk Seri Hassan Arifin (BN-Rompin) told Parliament yesterday that he did not summon Malaysian businessman Low Taek Jho or Jho Low to explain issues concerning 1Malaysia Development Bhd (1MDB), as he did not find it necessary.

KUALA LUMPUR (Aug 16): Prime Minister Tun Dr Mahathir Mohamad (pictured) said today the quasi-official Council of Eminent Persons (CEP) won’t be dissolved just yet, according to a Malay Mail report today.

KUALA LUMPUR (Aug 16): Investigations into the RM1 billion Equanimity (pictured) superyacht as part of a corruption probe linked to 1Malaysia Development Bhd (1MDB) is "going as planned", says lawyer Sitpah Selvaratnam, who is heading the team of lawyers representing 1MDB and the Malaysian government in the claim over Equanimity.

KUALA LUMPUR (Aug 15): Finance Minister Lim Guan Eng today filed a motion for the Auditor General (AG) and Public Accounts Committee (PAC) to reopen a detailed investigation on the 1Malaysia Development Bhd (1MDB) scandal in Dewan Rakyat.

SINGAPORE (August 14): An aircraft linked to an investigation into 1MDB is parked at the city-state's Seletar Airport, said Singapore police today, according to Reuters.