1MDB says it still has RM32.3b outstanding debt
KUALA LUMPUR (March 26): 1Malaysia Development Bhd (1MDB) still has an RM32.
Roger Ng, wife challenge bid to forfeit RM1.88m from their bank accounts, claiming the money is not related to 1MDB
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.
Prosecution says the RM31m it is seeking to forfeit, including RM10m from Najib and family, is from 1MDB
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).
Govt allowed to seize RM49m in cash belonging to Jho Low's father
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.
Najib seeks court order to access bank statements of companies related to Jho Low, Zeti's husband
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.
1MDB forfeiture appeals hearing cut short due to emergency
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.
High Court fixes Sept 6-7 to hear govt’s bid to bar Tarek Obaid, PetroSaudi from accessing over US$340m 1MDB-linked funds in UK
KUALA LUMPUR (March 17): The High Court here today has fixed Sept 6-7, 2021 to hear the prohibition order application by the Malaysian government against PetroSaudi International Ltd (PSI) and Saudi businessman Tarek Obaid from using over US$340 million (RM1.
High Court allows ex-1MDB counsel Jasmine Loo's Mont Kiara home to be auctioned off
KUALA LUMPUR (March 16): The High Court here today allowed for the apartment previously belonged to 1Malaysia Development Bhd's (1MDB) former general counsel Jasmine Loo Ai Swan to be auctioned off.
Umno lawyer disputes prosecution claim RM20 million returned to Najib
KUALA LUMPUR (March 16): A lawyer from UMNO yesterday disputed the prosecution's assertion that former CIMB chairman Datuk Seri Nazir Razak had purportedly helped to cash in three cheques totalling RM20 million from his older brother Datuk Seri Najib Razak, who was then the country's prime minister and chairman of 1Malaysia Development Bhd's (1MDB) advisory board, and given the money back to Najib.
Roger Ng's US trial expected to begin June or July; still unclear when he will return to Malaysia
KUALA LUMPUR (March 16): The trial of former Goldman Sachs banker Roger Ng in the US for his role in the 1Malaysia Development Bhd (1MDB) scandal is expected to begin in June or July this year, the High Court here was told today.
