News about MD

KUALA LUMPUR (May 19): Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa, who was supposed to return to Malaysia in March in time for his criminal trial involving 1Malaysia Development Bhd (1MDB), is still in the United States as he is facing criminal charges there.

KUALA LUMPUR (May 19): Datuk Seri Najib Abdul Razak's stepson Riza Shahriz Abdul Aziz today agreed to forfeit RM537,000, Sri Lanka rupee 2.

KUALA LUMPUR (May 16): It is now confirmed that a new Kedah menteri besar will be sworn in tomorrow at 2pm, at Wisma Darul Aman, Alor Setar, Malaysiakini reported today.

KUALA LUMPUR (May 15): Former Attorney General Tan Sri Tommy Thomas has denied agreeing with the government’s decision to discharge Riza Aziz, stepson of former Prime Minister Datuk Seri Najib Abdul Razak, from money-laundering charges involving some US$248 million allegedly siphoned from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (May 14): The Sessions Court today granted a request by the prosecution to give a discharge not amounting to an acquittal to Datuk Seri Najib Razak's step-son, Riza Aziz (pictured), who was charged with five counts of money laundering amounting to US$248 million (RM1.

KUALA LUMPUR (May 7): The US has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB), the US Department of Justice (DoJ) said in a Reuters report today.

KUALA LUMPUR (April 15): Prime Minister Tan Sri Muhyiddin Yassin today thanked the United States government and its Department of Justice (DOJ) for its return of US$300 million of funds recovered from seizures related to 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (April 2): The Employees Provident Fund's (EPF) wholly-owned subsidiary Kwasa Land Sdn Bhd has appointed Mohamad Hafiz Kassim as its managing director designate to replace Datuk Mohd Lotfy Mohd Noh, who had retired at the end of March 2020.

KUALA LUMPUR (March 22): After spending almost a year on the market, a mansion perched atop the Hollywood Hills that was purchased by Low Taek Jho (Jho Low) for a record US$38.

KUALA LUMPUR (March 17): The government will continue to seek the return of funds allegedly misappropriated from its strategic investment fund 1Malaysia Development Bhd (1MDB), said the Prime Minister’s Office (PMO).