News about MD

KUALA LUMPUR (May 10): The Ministry of Finance (MoF) has confirmed the filing of 22 suits by 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd for the recovery of assets with a total in excess of RM96.

KUALA LUMPUR (May 10): 1Malaysia Development Bhd (1MDB) has filed a total of five separate suits, including against foreign banks Deutsche Bank, JP Morgan and Coutts & Co.

KUALA LUMPUR (May 10): Three law firms have filed a plethora of 21 civil suits to claim billions of US dollars on behalf of state-owned 1Malaysia Development Bhd (1MDB) and its former subsidiary SRC International Sdn Bhd.

KUALA LUMPUR (May 7): Datin Seri Rosmah Mansor’s (pictured lawyer Iskandar Shah Ibrahim claimed today the prosecution in the 1Malaysia Development Bhd (1MDB) asset forfeiture case has failed to prove the existence of a money trail showing the 263 handbags seized from Rosmah’s residence were purchased using 1MDB funds as the police officers investigating the matter had not shown such information.

KUALA LUMPUR (May 4): The High Court here had today ordered Eric Tan Kim Loong, who is also known as "Fat Eric", to pay almost RM68 million in tax arrears from 2010 to 2013 to the Malaysian government following legal action against Tan by the Inland Revenue Board (IRB).

KUALA LUMPUR (May 4): Former prime minister Datuk Seri Najib Razak has made another appeal at the appellate court against the High Court’s decision to dismiss his application to disqualify appointed prosecutor Datuk Seri Gopal Sri Ram from leading the prosecution in the ongoing 1Malaysia Development Bhd (1MDB) audit report tampering trial.

KUALA LUMPUR (May 3): Both the 1Malaysia Development Bhd (1MDB)-Tanore and SRC International Sdn Bhd trials involving former Prime Minister Datuk Seri Najib Abdul Razak have been postponed this week as a member of his defence team is under quarantine due to close contact with a number Covid-19 positive patients.

KUALA LUMPUR (April 30): KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC REIT Management Sdn Bhd, has appointed Md Shah Mahmood as its new chief executive officer effective May 1, 2021.

KUALA LUMPUR (April 30): The Employees Provident Fund's (EPF) wholly-owned subsidiary Kwasa Land Sdn Bhd has appointed Adenan Md Yusof as managing director (MD) effective Monday (May 3, 2021) to contribute towards the development of the EPF's estimated 920ha (about 2,300 acres) Kwasa Damansara township in Selangor.

KUALA LUMPUR (April 27): The prosecution has failed to establish Datuk Seri Najib Razak's personal interest in SRC International Sdn Bhd and, as such, the charge of abuse of power against the former prime minister should be scrapped, according to the defence.