Manhattan penthouse bought with stolen 1MDB fund up in the market
KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.
Sept 30 set for ex-1MDB banker Goldman Sachs mention of summons
KUALA LUMPUR (June 24): Lawyers appearing for Goldman Sachs International, which is facing four summonses by the prosecution for capital market offences, have sought further time to study the summons served against the multinational investment bank and financial services company.
Malaysia rejects Goldman Sachs' offer of RM1 bil as 1MDB compensation
KUALA LUMPUR (June 22): Goldman Sachs offered to pay RM1 billion as compensation to the Government for the 1Malaysia Development Bhd (1MDB) scandal.
1MDB funds long gone, forfeited UMNO funds are clean - Tok Mat
PETALING JAYA (June 21): The Umno deputy president, Datuk Seri Mohamad Hasan claimed the party’s money currently forfeited by the Malaysian Anti-Commission Corruption (MACC) is “clean party funds” that should be returned.
Joint task force to recover US$5b worth of 1MDB assets
PUTRAJAYA (June 21): The government will form a joint task force to recover US$5 billion (RM20.
MACC files civil forfeiture suit against 41 entities to recover RM270m of 1MDB money
KUALA LUMPUR (June 21): The Malaysian Anti-Corruption Commission (MACC) has filed a civil forfeiture suit against 41 entities and individuals in a bid to recover RM270 million of funds which were allegedly misappropriated from 1Malaysia Development Bhd (1MDB).
Najib-SRC trial: First time MoF had to prepare materials on company for Cabinet paper on govt guarantee, says witness
KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.
Ismee: SRC's board in the dark about second RM2b KWAP loan
KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).
Jho Low says TRX City's company secretary not his aunt
KUALA LUMPUR (June 17): A spokesperson for Low Taek Jho through his lead US attorneys, issued a statement today saying claims former SRC International Sdn Bhd secretary Goh Gaik Kim is Low’s relative are demonstrably false.
Two alleged 1MDB co-conspirators sent to jail in Abu Dhabi
KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.
