News about MD

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).

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.

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.

KUALA LUMPUR (June 14): The defence lawyers in the SRC International Sdn Bhd trial decided to proceed with the testimony of its former chairman Tan Sri Ismee Ismail after all, following their scrutiny of his oral evidence transcript for alleged deviations from his witness statement.

KUALA LUMPUR (June 11): Today’s afternoon session of the trial against former Prime Minister Datuk Seri Najib Razak over his alleged involvement in embezzling funds from SRC International Sdn Bhd saw the defence going into overdrive to prove he was not in control of the special purpose vehicle (SPV).

  KUALA LUMPUR (June 10): The 38th prosecution witness, former Retirement Fund (Incorporated) (KWAP) chief executive officer Datuk Azian Mohd Noh, will continue to be cross-examined by lawyers representing Datuk Seri Najib Razak as his SRC International Sdn Bhd trial enters its 21st day today.

The Human Rights Watch (HRW) has said that it is hypocritical for Low to denounce Mahathir for human rights abuses when Low was more than happy to benefit from human rights abuses when it suited his personal interests.

KUALA LUMPUR (May 31): Fugitive businessman Low Taek Jho, more popularly known as Jho Low, disseminated this open letter to the media through his public relations firm after the High Court ruled that parties claiming to have interest in any of the RM31 million worth of 1Malaysia Development Bhd (1MDB)-related assets which were seized by the government, have until Aug 30 to challenge the assets forfeiture.

  KUALA LUMPUR (May 30): Those who claim to have interest in any of the RM31 million worth of 1Malaysia Development Bhd (1MDB)-related assets which were seized by the government, have until this Aug 30 to challenge the assets’ forfeiture, High Court Judge Justice Mohamed Zaini Mazlan ruled today.

KUALA LUMPUR (May 30): Attorney General Tommy Thomas said today the UK High Court emphasised that it remains ready to proceed with 1Malaysia Development Bhd (1MDB) and Minister of Finance Inc's (MOF Inc) challenge against the consent award to International Petroleum Investment Co (IPIC) after having regard to the circumstances.