News about MD

KUALA LUMPUR (April 1): There is no proof to show that money in Goldman Sachs' ex-banker Roger Ng and his wife’s bank accounts is proceeds of illegal activities linked to 1Malaysia Development Bhd (1MDB), Ng’s lawyer told the High Court here today.

KUALA LUMPUR (March 29): Former Federal Court Judge Datuk Seri Gopal Sri Ram and former attorney general Tan Sri Tommy Thomas' law firm will represent Sarawak Report editor Clare Rewcastle-Brown and two others in an appeal hearing related to the defamation suit filed against the defendants by the Sultanah of Terengganu, Sultanah Nur Zahirah.

KUALA LUMPUR (March 29): The prosecution in the forfeiture hearing related to the Pavilion condo raid three years ago submitted today that former premier Datuk Seri Najib Razak had given inconsistent answers when asked about the source of the RM114 million cash seized in the raid.

KUALA LUMPUR (March 27): 1Malaysia Development Bhd's (1MDB) lawyer Rosli Dahlan had yesterday issued letters of demand (LODs) to former Umno supreme council member Datuk Seri Lokman Noor Adam, Kuang assemblyman Sallehuddin Amiruddin and Mohd Hanizam Yunus for issuing defamatory statements which implied, among others, that Rosli had unlawfully profited from money in connection with the 1MDB asset recovery effort by the Malaysian government.

KUALA LUMPUR (March 26): 1Malaysia Development Bhd (1MDB) still has an RM32.

KUALA LUMPUR (March 26): Former Goldman Sachs banker Roger Ng Chong Hwa (pictured) and his lawyer wife, Lim Hwee Bin, are contesting the prosecution's attempt to forfeit RM1.

KUALA LUMPUR (March 26): The prosecution, who is seeking to forfeit over RM10 million worth of assets from Datuk Seri Najib Razak (pictured) and his family, told the court today that these — together with some RM21 million they are seeking to seize from 13 other individuals — are from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (March 25): The High Court here has allowed the government to forfeit and seize approximately RM49 million in cash assets belonging to Tan Sri Larry Low Hock Peng, father of missing businessman Low Taek Jho, who is better known as Jho Low.

KUALA LUMPUR (March 24): Former prime minister Datuk Seri Najib Razak (pictured) is seeking a court order to obtain bank statements and other related documents of companies believed to be related to Low Taek Jho — also known as Jho Low — who is the purported mastermind of the 1Malaysia Development Bhd (1MDB) financial scandal.

PUTRAJAYA (March 18): The Court of Appeal today adjourned the hearing of multiple forfeiture appeals by the prosecution from the Malaysian Anti-Corruption Commission (MACC) in relation to 1Malaysia Development Bhd (1MDB) funds earlier than expected, due to an emergency.