News about MD

KUALA LUMPUR (Aug 17): The 1Malaysia Development Bhd (1MDB)-Tanore trial continues today with its former CEO Datuk Shahrol Azral Ibrahim Halmi (pictured) still in the witness stand which he took to late last year.

KUALA LUMPUR (Aug 14): The High Court here had today dismissed former prime minister Datuk Seri Najib Razak's (pictured) application to strike out the 1Malaysia Development Bhd (1MDB) audit report tampering charge against him.

KUALA LUMPUR (Aug 13): Former auditor-general Tan Sri Ambrin Buang (pictured) testified today that the directives to amend parts of the National Audit Department (NAD) audit report of 1Malaysia Development Bhd (1MDB) for the year 2014, came from then chief secretary of the government Tan Sri Ali Hamsa.

KUALA LUMPUR (Aug 12): The High Court has adjourned to Aug 19 the hearing of PetroSaudi Oil Services (Venezuela) Ltd (Incorporated in Barbados) (PSOSL)’s application to vary an interim order granted last month that blocked the movement of US4340.

KUALA LUMPUR (Aug 12): The fateful Feb 24, 2016 meeting — which led to the alleged tampering of the 1Malaysia Development Bhd (1MDB) audit report — could not be considered as an exit conference meeting because an exit conference can only be chaired by the auditor-general, the High Court heard today.

KUALA LUMPUR (Aug 11): Speaker Datuk Azhar Harun said yesterday his rejection of opposition lawmaker Tony Pua's (PH-Damansara) bid to amend the motion of thanks to the ruler in the Dewan Rakyat is final.

KUALA LUMPUR (Aug 6): When the resume of former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Mohd Hazem Abdul Rahman landed in the state fund's office, it included former prime minister Datuk Seri Najib Razak's notation recommending his appointment as executive director, the High Court heard today.

KUALA LUMPUR (Aug 5): Former prime minister Datuk Seri Najib Razak was involved in "bulldozing" 1Malaysia Development Bhd's (1MDB) only unsecured loan of US$3 billion through with a letter of comfort from its shareholder MoF Inc, the High Court was told here today.

KUALA LUMPUR (Aug 5): Damansara Member of Parliament (MP) Tony Pua Kiam Wee (pictured) will propose a debate on the formation of a Special Select Committee to look into the actions taken by the government to recover cash and assets related to controversy-laden 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd.

KUALA LUMPUR (Aug 3): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi agreed today that the troubled fund's acquisition of an independent power producer (IPP) was a sham deal to deceive the board of directors that benefitted international investment bank Goldman Sachs, fugitive financier Low Taek Jho, and other co-conspirators.