News about MD

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).

KUALA LUMPUR (Nov 8): The prosecution has failed to forfeit seized assets of Datuk Seri Najib Razak and his family, with the court saying that there were no credible attempts made to show that the properties seized were bought using monies in the former prime minister's accounts.

KUALA LUMPUR (Nov 8): The High Court has dismissed the government's forfeiture action against Puan Sri Goh Gaik Ewe — the mother of fugitive businessman Low Taek Jho — as the prosecution did not provide any evidence on how the assets were related to the commission of unlawful activities.

KUALA LUMPUR (Nov 8): The High Court has decided in favour of Roger Ng Chong Hwa and his wife Lim Hwee Bin in the forfeiture action by the government, as the prosecutor did not provide any proof how several bank accounts of the respondents were related to or used for the commission of unlawful activities.

PUTRAJAYA (Nov 8): Former Federal Court judge Datuk Seri Gopal Sri Ram can continue to lead the prosecution in 1Malaysia Development Bhd (1MDB) cases against former prime minister Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah as a senior deputy public prosecutor (DPP), according to the appellate court.