News about MD

KUALA LUMPUR (Oct 30): The diversion of US$700 million to Good Star Ltd — a company linked to fugitive businessman Low Taek Jho — instead of the joint venture company set up between 1 Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI), was apparently known to former prime minister Datuk Seri Najib Abdul Razak, said a former 1MDB chief executive.

KUALA LUMPUR (Oct 29): Nobody on the board of 1Malaysia Development Bhd (1MDB) attempted to verify the ownership of Good Star Ltd after US$700 million was transferred into its accounts, instead of those of its purported parent PetroSaudi International Ltd (PSI), in September 2009.

KUALA LUMPUR (Oct 29): 1Malaysia Development Bhd (1MDB) former chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted today that he was the person referred to as "1MDB Officer 2" in 1MDB-linked lawsuits filed by the US Department of Justice (DoJ) in 2016.

KUALA LUMPUR (Oct 25): The High Court here has today deferred the hearing of 1Malaysia Development Bhd (1MDB)-linked asset forfeiture proceedings against the Tun Hussein Onn Foundation to Nov 15 from Nov 4 this year.

KUALA LUMPUR (Oct 25): Attorney General Tan Sri Tommy Thomas and former federal court judge Datuk Seri Gopal Sri Ram (pictured) will file further affidavits in ex-prime minister Datuk Seri Najib Razak and his lawyer Tan Sri Muhammad Shafee Abdullah's civil challenge against Sri Ram's appointment as senior deputy public prosecutor in 1Malaysia Development Bhd (1MDB)-linked cases.

PETALING JAYA (Oct 25): The scale of the ongoing fallout from the 1MDB scandal has pushed Goldman Sachs Group Inc.

KUALA LUMPUR (Oct 24): 1Malaysia Development Bhd (1MDB) had agreed that the valuation of the assets to be injected by PetroSaudi International Ltd (PSI) into their 2009 joint venture (JV) would rely on the latter's representation at "face value", the High Court was told today.

KUALA LUMPUR (Oct 24): Datuk Shahrol Azral Ibrahim Halmi, former CEO of scandal-clad 1Malaysia Development Bhd (1MDB), told the High Court today he had truly believed what Datuk Seri Najib Abdul Razak was doing was for the best interest of the country.

KUALA LUMPUR (Oct 24): Datuk Seri Najib Abdul Razak has filed a motion to compel the prosecution in the 1MDB-Tanore trial to hand over documents it obtained from the Malaysian Anti-Corruption Commission (MACC) vide a pendrive from former PetroSaudi International Ltd (PSI) employee Xavier Andre Justo.

KUALA LUMPUR (Oct 24): Lead defence counsel Tan Sri Muhammad Shafee Abdullah is not discounting a full acquital of his client Datuk Seri Najib Abdul Razak in the SRC trial, or at least see some of the seven crimimal charges being dropped this Nov 11.