News about MD

KUALA LUMPUR (Nov 22) : A government auditor confirmed yesterday that former 1Malaysia Development Bhd chief executive officer Arul Kanda Kandasamy had wanted a police report to be lodged over the existence of two conflicting 1MDB audit reports for 2014.

KUALA LUMPUR (Nov 21): Acme Time Ltd, a firm wholly-owned by fugitive financier Low Taek Jho (Jho Low), obtained close to US$126 million in the Islamic Medium Term Note (IMTN) bond flip for the Terengganu Investment Authority (TIA) in 2009, the High Court was told today.

KUALA LUMPUR (Nov 21): Former Auditor-General Tan Sri Ambrin Buang found the process of auditing 1Malaysia Development Bhd to be more difficult than usual as the fund did not give its full cooperation by sharing the necessary documents required by the National Audit Department (NAD), he told the High Court today.

KUALA LUMPUR (Nov 21): National Audit Department (NAD) director Nor Salwani Muhammad (pictured) was the one who recorded the Feb 24, 2016 meeting where top government officials agreed to amend and destroy the original 1Malaysia Development Bhd (1MDB) audit report, the High Court heard today.

KUALA LUMPUR (Nov 21): The prosecution in Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB)-Tanore case has objected to the former premier's request for copies of documents given by whistleblower and former PetroSaudi International (PSI) executive Xavier Justo to the authorities.

KUALA LUMPUR (Nov 21): Former Auditor General Tan Sri Ambrin Buang agreed to remove a portion of the 1Malaysia Development Bhd (1MDB) audit report that mentioned a meeting between Datuk Seri Najib Razak and then-Yang di-Pertuan Agong Sultan Mizan Zainal Abidin.

KUALA LUMPUR (Nov 20): Even before the Public Accounts Committee (PAC) of Parliament was given the final draft of the 1Malaysia Development Bhd (1MDB) audit report prepared by the National Audit Department (NAD), it was first submitted to former prime minister Datuk Seri Najib Abdul Razak, NAD director (governance sector) Nor Salwani Muhammad testified today.

KUALA LUMPUR (Nov 20): Former chief secretary to the government Tan Sri Ali Hamsa told the High Court today that following the Feb 24, 2016, coordination meeting he chaired, it was agreed that all the original 1Malaysia Development Bhd (1MDB) audit reports which were initially prepared by the National Audit Department would be shredded.

KUALA LUMPUR (Nov 20): The prosecution in the 1Malaysia Development Bhd (1MDB) audit report tampering trial of Datuk Seri Najib Abdul Razak and former 1MDB CEO Arul Kanda Kandasamy is now playing an audio recording of a coordination meeting on Feb 24, 2016, which was chaired by the then-chief secretary to the government, Tan Sri Ali Hamsa.

KUALA LUMPUR (Nov 19): Former Auditor-General (A-G) Tan Sri Ambrin Buang had agreed to omit Low Taek Jho's attendance in a 1Malaysia Development Board (1MDB) board meeting from an audit report on the troubled fund to prevent the Opposition from "manipulating" the matter, a witness testified today.