News about MD

KUALA LUMPUR (Oct 15): Damansara Member of Parliament Tony Pua had today managed to set aside the injunction imposed on him by Datuk Seri Najib Abdul Razak in a suit filed by the former prime minister against Pua in relation to 1Malaysia Development Bhd (1MDB) and the proposed amendment to the Syariah Courts (Criminal Jurisdiction) Act 1965 by PAS.

KUALA LUMPUR (Oct 15): Lead defense counsel Tan Sri Muhammad Shafee Abdullah has alleged former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi had conspired with alleged “puppetmaster” Low Taek Jho to obstruct an audit by the National Audit Department (NAD) into the state-owned fund in 2010.

KUALA LUMPUR (Oct 14): Coloured photographs of the items seized in the 1Malaysia Development Bhd (1MDB) civil forfeiture suit against former prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor will be shown to them to be identified.

KUALA LUMPUR (Oct 11): The government has proposed to continue developing the currently on-hold Bandar Malaysia project (pictured), after having negotiated for better terms.

KUALA LUMPUR (Oct 10): Low Taek Jho, aka Jho Low, had pre-empted Datuk Shahrol Azral Ibrahim Halmi from investigating further by telling him to expect the Yang di-Pertuan Agong to question the fugitive businessman's role in Terengganu Investment Authority (TIA), the precursor to 1MDB, and raise the issue of the purported misrepresentation of the palace by "a certain individual".

KUALA LUMPUR (Oct 10): The prosecution in the 1Malaysia Development Bhd-Tanore trial will proceed in instituting contempt proceedings against Umno Supreme Council member Datuk Lokman Noor Adam for allegedly threatening its witness Datuk Amhari Efendi Nazaruddin.

KUALA LUMPUR (Oct 9): Someone may have conspired in AmBank to help two companies linked to Low Taek Jho, better known as Jho Low, make some RM494 million in profit from flipping 1Malaysia Development Bhd (1MDB) bonds the first day it was issued, counsel to former prime minister Datuk Seri Najib Abdul Razak said during the 1MDB-Tanore trial today.

KUALA LUMPUR (Oct 9): AmBank, the lead arranger of 1Malaysia Development Bhd's (1MDB) RM5 billion bond programme, did not tell the fund that companies linked to fugitive financier Low Taek Jho was the major subscribers of its discounted RM5 billion bonds issued in 2009, the High Court heard today.

KUALA LUMPUR (Oct 9): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd (1MDB) trial has revealed that Thailand-based Country Group Securities Pcl, which was involved in the flipping of a RM5 billion Islamic medium term notes (IMTN) issued by the fund in 2009, is linked to Tan Sri Larry Low Hock Peng — the father of fugitive Low Taek Jho.

KUALA LUMPUR (Oct 8): The following is a statement by Datuk Seri Nazir Razak (pictured): I refer to media reports about the MACC recovery plan for funds totalling RM420m from 80 persons and entities who received more than RM 500,000 in alleged 1MDB monies.