News about MD

KUALA LUMPUR (Dec 16): Kamdar Bhd is disposing of a property in Bayan Lepas, Penang for RM12.

KUALA LUMPUR (Nov 26): Former attorney-general Tan Sri Tommy Thomas claimed that former prime minister Datuk Seri Najib Abdul Razak’s legal action against him for “wrongful prosecution” is a political ploy the latter used in the lead-up to the recent Melaka state election.

KUALA LUMPUR (Nov 18): The board of directors in 1Malaysia Development Bhd (1MDB) was used to make illegal transactions seem legitimate as information given to them was misleading and concealed from them, said former 1MDB director Tan Sri Ismee Ismail (pictured).

KUALA LUMPUR (Nov 18): Former prime minister Datuk Seri Najib Abdul Razak had contemplated taking action against The Edge in 2015 over exposés by the financial newspaper over the mismanagement of the 1Malaysia Development Bhd (1MDB) state investment fund, its former chief financial officer (CFO) Azmi Tahir (pictured) testified at the 1MDB-Tanore trial on Thursday.

KUALA LUMPUR (Nov 15): 1Malaysia Development Bhd (1MDB) ex-chief executive officer (CEO) Mohd Hazem Abdul Rahman told the High Court here on Monday that former prime minister Datuk Seri Najib Razak had pressured the Malaysian government-owned company to remove KPMG as 1MDB's auditor after KPMG refused to conclude the audit of 1MDB's 2013 financial statements.

KUALA LUMPUR (Nov 12): 1Malaysia Development Bhd’s former CFO Azmi Tahir told the court on Thursday (Nov 11) that he could not question decisions to transfer US$3 billion of 1MDB funds to third parties, as these instructions came from the office of then prime minister Datuk Seri Najib Abdul Razak.

KUALA LUMPUR (Nov 11): Former prime minister Datuk Seri Najib Razak (pictured) wielded "ultimate power" when it came to decision-making in 1Malaysia Development Bhd (1MDB), its former chief financial officer (CFO) Azmi Tahir told the High Court here on Thursday.

PUTRAJAYA (Nov 11) : A week from now (Nov 18), it would be exactly six months the Court of Appeal has yet to deliver its decision over former premier Datuk Seri Najib Razak's appeal over his conviction and 12 years jail and RM210 million fine with regards to SRC International Sdn Bhd.

KUALA LUMPUR (Nov 9): The financial situation of 1Malaysia Development Bhd (1MDB) was likened to a “coffee shop” by prosecutor Datuk Seri Gopal Sri Ram at the 1MDB-Tanore trial on Tuesday.

KUALA LUMPUR (Nov 8): The Malaysian government has successfully recovered almost half of the more than RM31 million worth of assets it had seized or froze from 18 different persons in relation to 1Malaysia Development Bhd (1MDB).