PetroSaudi still owes 1MDB up to US$2.2b as of 2015, court told
KUALA LUMPUR (Nov 5): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), says today PetroSaudi International Ltd (PSI) has accumulated "around US$2.
Cyprus president wants Jho Low's passport revoked: Report
KUALA LUMPUR (Nov 5): In the latest twist to the story of fugitive business man Jho Low holding a Cyprus passport, the country’s president Nicos Anastasiades yesterday agreed to having the Malaysian’s passport revoked if investigations justify it.
Despite ‘zero governance’ of 1MDB-PetroSaudi JV, partnership continued to maintain ‘strategic relationship’
KUALA LUMPUR (Nov 5): The High Court here was told that the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI) in 2009 had “zero governance”, yet the former persisted in partnering with the latter to preserve their “strategic relationship”, a witness said.
1MDB-Tanore Trial Day 30: Longer proceedings until to make up for Najib’s absence from swollen eyes
KUALA LUMPUR (Nov 5): The 1Malaysia Development Bhd-Tanore (1MDB) trial today is scheduled to start from 9.
Most of the funds raised for TRX, Bandar Malaysia went to PSI instead, says Shahrol
KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).
Najib escapes further bail conditions, but judge 'won't tolerate attempts to mislead court'
KUALA LUMPUR (Nov 4): Datuk Seri Najib Razak (pictured) today avoided having further conditions imposed on his bail, after the prosecution questioned his presence in Johor last Friday.
1MDB-Tanore Trial Day 29: Najib's eye ailment in the spotlight after Tanjung Piai campaign appearance
KUALA LUMPUR (Nov 4): The Datuk Seri Najib Razak’s 1Malaysia Development Trial enters its 29th day with questions being asked on the former premier's eye ailment.
Sri Ram's experience, expertise needed in 1MDB-Tanore case: AG
KUALA LUMPUR: Attorney-General (AG) Tan Sri Tommy Thomas said the 1Malaysia Development Bhd (1MDB)-Tanore trial requires the expertise of 76-year-old prosecutor Datuk Seri Gopal Sri Ram, a former Federal Court judge, as the case is a highly complex white collar crime case that calls for an all-round barrister to lead the prosecution exam.
Fugitive financier Jho Low holds Cyprus passport – report
KUALA LUMPUR (Nov 4): Fugitive Malaysian financier Low Taek Jho has been a Cyprus citizen for the past four years, according to Politis, a daily Greek-language newspaper published in Cyprus.
MACC studying responses over compound notices issued to recover 1MDB money
PUTRAJAYA (Nov 1) : The Malaysian Anti-Corruption Commission (MACC) is looking into the responses of the 80 individuals and entities against whom it had issued compound notices to recover money totalling some RM420 million believed to be from 1Malaysia Development Bhd.
