News about MD

KUALA LUMPUR (July 23): Former Prime Minister Datuk Seri Najib Razak (pictured) will know on Aug 7, the fate of his bid to strike out the charge of tampering with the 1Malaysia Development Bhd (1MDB) audit report.

KUALA LUMPUR (July 23): Former prime minister Datuk Seri Najib Razak celebrated his 67th birthday at the court here today, where he was present as the accused in the 1Malaysia Development Bhd (1MDB) audit tampering trial.

KUALA LUMPUR (July 21): Parliament Speaker Datuk Azhar Azizan Harun’s move to write to High Court Judge Justice Collin Lawrence Sequerah to seek the judge’s permission for former prime minister Datuk Seri Najib Razak to be present in Parliament last Thursday afternoon was an unprecedented move, Sepang Member of Parliament (MP) Mohamed Hanipa Maidin said today.

KUALA LUMPUR (July 20): Senior representatives of Goldman Sachs Group Inc have flown into Malaysia this week to continue its discussions with the Malaysian government on the repatriation of 1Malaysia Development Bhd (1MDB) funds and assets into the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR (July 17): Datuk Shahrol Azral Ibrahim Halmi (pictured), a former chief executive officer of 1Malaysia Development Bhd, admitted in court today that he was not briefed about the 5.

KUALA LUMPUR (July 17): The Walker Tower condominium board is disputing the sale of  a nearly 6,000 sq ft penthouse linked to 1Malaysia Development Bhd (1MDB) in Manhattan.

KUALA LUMPUR (July 16): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) admitted today that there was no written approval by former prime minister and 1MDB advisory board chairman Datuk Seri Najib Razak for the state fund to offer Aabar Investment PJS Ltd (Aabar BVI) a call option to hold a 49% stake in its power assets.

KUALA LUMPUR (July 16): A witness conceded in court today that the approval for 1Malaysia Development Bhd's (1MDB) subsidiary to acquire an independent power producer (IPP) was quickly granted prior to the 13th general election (GE13) in 2013 as Datuk Seri Najib Razak feared that a caretaker government would not be able to green-light the deal.

KUALA LUMPUR (July 13): A lawyer representing the Malaysian Anti-Corruption Commission (MACC) said today that the forfeiture action filed by the public prosecutor against PetroSaudi International Ltd and its chief executive officer Tarek Obaid was borne from the investigations done by the Special Task Force on 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (July 16): High Court judge Justice Collin Lawrence Sequerah relented and allowed the 1Malaysia Development Bhd (1MDB)-Tanore trial today to end earlier than usual, after reading a letter from the Dewan Rakyat Speaker requesting that former prime minister Datuk Seri Najib Razak (pictured) — who is the accused in this case, and lawmaker for Pekan — be allowed to attend Parliament.