News about MD

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.

KUALA LUMPUR (March 15): Datuk Seri Najib Razak's lawyer maintained today that the alleged 1Malaysia Development Bhd (1MDB)-linked money recovered during a police raid at the Pavilion Residences condominium three years ago totalled RM160 million, and not RM114 million as claimed by the authorities.

KUALA LUMPUR (March 11): A lawyer for UMNO today told the High Court that the prosecution seeking the forfeiture of funds seized from the Pavilion luxury condominium unit owned by OBYU Holdings Sdn Bhd has failed to show how the company had allegedly misappropriated the funds from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (March 4): The Ministry of Finance (MoF) is looking at settlements with audit firm KPMG and law firm Wong & Partners in relation to the 1Malaysia Development Bhd (1MDB) scandal, according to several sources.

KUALA LUMPUR (March 3): Bukit Aman (pictured) said today that it has begun investigations into Datuk Dr Tawfiq Ayman for allegedly receiving funds linked to 1Malaysia Development Berhad (1MDB) in a Singapore bank account under his name.

KUALA LUMPUR (March 3): Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz has confirmed that the Malaysian government has agreed to a settlement of US$80 million (RM324 million) with Deloitte PLT in relation to the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (March 2): AMMB Holdings Bhd (AmBank) was only given "a few days" to negotiate the recently announced RM2.

KUALA LUMPUR (March 1): Senior lawyer Tan Sri Muhammad Shafee Abdullah today failed in his application to introduce new evidence — an affidavit by former Attorney-General (AG) Tan Sri Mohamed Apandi Ali — in his bid to recuse former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution in his RM9.

KUALA LUMPUR (March 1): The Malaysian Anti-Corruption Commission (MACC) has today failed to seize RM2.

KUALA LUMPUR (March 1): DAP’s Tony Pua has lauded the Ministry of Finance (MoF) for completing the RM2.