News about MD

KUALA LUMPUR (July 16): Yayasan Rakyat 1Malaysia (YR1M) funded part of its corporate social responsibility (CSR) programmes through contributions of RM230 million from the Genting Group, with most of the amount coming from its gambling business, said the foundation's former CEO Ung Su Ling.

  KUALA LUMPUR (July 12): Datuk Seri Najib Razak's Umno Pekan division and the division's education bureau chairperson Ibrahim Awang Ismail informed the High Court today that they are applying to strike out the Malaysian Anti-Corruption Commission's (MACC) forfeiture application in relation to 1Malaysia Development Bhd (1MDB) funds.

  KUALA LUMPUR (July 12): The US Department of Justice (DoJ) is investigating whether German lender Deutsche Bank (pictured) violated foreign corruption or anti-money laundering laws in its work for 1Malaysia Development Bhd (1MDB), which included helping the fund raise US$1.

KUALA LUMPUR (July 11): The proceeds from the sale of 1Malaysia Development Bhd (1MDB)-linked super yacht, Equanimity, are currently stored in a bank account managed by a local law firm for three months.

  KUALA LUMPUR (July 10): The prosecution in Datuk Seri Najib Razak's SRC International Sdn Bhd trial has filed a notice of motion to the High Court here today to postpone the commencement of the former premier's 1Malaysia Development Bhd (1MDB) trial — also known as the Tanore phase — pending completion of the SRC case.

KUALA LUMPUR (July 8): The prosecution has argued that none of the money that were transferred from SRC International Sdn Bhd's bank account went into former managing director Nik Faisal Nik Ariff Kamil's bank account, despite the defence's assertions that witness Datuk Suboh Md Yassin's signatures on the bank transfer documents were forged by Nik Faisal.

KUALA LUMPUR (July 8): Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) trial involving the misappropriation of RM2.

KUALA LUMPUR (July 5): Travel agency Rayhar Travels Sdn Bhd, one of the 41 entities from which the Malaysian government seeks to recover funds allegedly stolen from 1Malaysia Development Bhd (1MDB) is opposing the gazette of the third party notice for forfeiture.

KUALA LUMPUR (July 4): Malaysian Anti-Corruption Commission chief Latheefa Koya has confirmed that the Riza Aziz, the stepson of former prime minister Datuk Seri Najib Razak, was arrested at noon today.

  KUALA LUMPUR (July 4): Four entities out of 41 facing forfeiture proceedings involving 1Malaysia Development Bhd (1MDB) assets, told the High Court here that they are challenging the mode in which the prosecution is enforcing the process, as they are thinking of replying to the notice via testifying as witnesses and not through affidavits.