Najib received massive RM2.973 billion, says prosecution in forfeiture hearing
KUALA LUMPUR (Feb 9): Former prime minister Datuk Seri Najib Razak (pictured) is alleged to have received a total of US$971 million (RM2.
Tax man seeks RM9.1m in arrears from wanted Jho Low associates
KUALA LUMPUR (Feb 9): The government has filed tax suits against two of the central characters in the 1Malaysia Development Bhd (1MDB) scandal, Casey Tang Keng Chee and Jasmine Loo Ai Swan, for unpaid taxes which amount to RM9.
In 1MDB, either you follow instructions or make your way out, says former CEO
KUALA LUMPUR (Feb 8): The work culture in 1Malaysia Development Bhd (1MDB) was such that one was expected to follow instructions or resign immediately, said former 1MDB chief executive officer Mohd Hazem Abdul Rahman.
Warrant served on UK law firm over alleged 1MDB assets – report
KUALA LUMPUR (Feb 8): The US Department of Justice (DoJ) has served an arrest warrant on a top London law firm in an effort to seize hundreds of millions of dollars – alleged to be the proceeds of a major international fraud – which it is holding on behalf of a client.
1MDB-Tanore trial to resume today, ex-AG's memoir expected to be in focus
KUALA LUMPUR (Feb 8): The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial will continue today after a month’s hiatus.
Malaysian govt seeks RM68m in tax arrears from Jho Low's trusted aide 'Fat Eric'
KUALA LUMPUR (Feb 8): The Malaysian government, through the Inland Revenue Board (IRB), had filed a RM68 million suit against Jho Low's right-hand man Eric Tan Kim Loong, a.
Top Abu Dhabi executives implicated in 1MDB scam believed to have been convicted
KUALA LUMPUR (Feb 5): Were the two top executives of the Abu Dhabi wealth fund implicated in the 1MDB scandal convicted and jailed two days ago in the United Arab Emirates? According a Feb 3 news report by the Khaleej Times, the Abu Dhabi Criminal Court had sentenced a former senior management executive of a government-owned company and its chief executive officer (CEO) to 15 years in prison for money laundering.
With no settlement yet, PetroSaudi International US$340m forfeiture scheduled for further case management on April 2
KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.
Judge to deliver decision on Feb 15 for Najib's bid to recuse Sri Ram from 1MDB-related trials
KUALA LUMPUR (Jan 27): The Kuala Lumpur High Court has fixed Feb 15 to deliver its decision on whether former Federal Court judge Datuk Seri Gopal Sri Ram should be recused from leading the prosecution team in the four trials of former prime minister Datuk Seri Najib Razak that are related to 1Malaysia Development Bhd (1MDB).
High Court directs Najib, Riza Aziz to file affidavit in reply by Feb 11 on 1MDB forfeiture
KUALA LUMPUR (Jan 22): The High Court has directed former prime minister Datuk Seri Najib Razak and his stepson Riza Shahriz Abdul Aziz to file an affidavit in reply by Feb 11, to the prosecution’s application for forfeiture items linked to 1Malaysia Development Bhd (1MDB).
