News about MD

KUALA LUMPUR (Jan 9): Fugitive businessperson Low Taek Jho, also known as Jho Low, has dismissed a Wall Street Journal (WSJ) report claiming that he had a role in facilitating deals with China to bail out 1MDB in 2016 in exchange for lucrative contracts.

KUALA LUMPUR (Jan 9): Former prime minister Datuk Seri Najib Razak and Chinese officials have denied a news report claiming that Beijing had in 2016 offered to help bail out 1Malaysia Development Bhd (1MDB) in exchange for lucrative contracts.

  In response to the Wall Street Report that alleged former prime minister Najib Razak had signed major deals with China in return for a bailout for 1MDB debts and investigations from a number of countries, Finance Minister Lim Guan Eng said that the government will examine China-linked projects more closely for elements of corruption.

  The Malaysian government was in the midst of a swelling, multibillion-dollar graft scandal in 2016, when Senior Chinese leaders offered to help bail them out, according to minutes from previously undisclosed meetings, cited by The Wall Street Journal (WSJ).

  Part 1 of this article can be found here.

  Citing people familiar with the case, The Washington Post reports that Leornardo Dicaprio secretly testified as part of the Justice Department’s expansive investigation into the 1Malaysia Development BHD (1MDB) scandal.

PETALING JAYA (Jan 4): The filings on 19 to 21 December 2018 by the Department of Justice (DOJ) in the United States District Court for the Central District of California confirmed many things - that the forfeiture action against the Equanimity by the United States of America had been publicised in accordance with the law; and Jho Low’s company Equanimity (Cayman) Ltd had filed a claim to the Equanimity in that action; and that all such claims to the Equanimity have now been withdrawn.

KUALA LUMPUR (Jan 4): The Sessions Court has issued a temporary remand on Roger Ng Chong Hwa before deciding whether to grant bail to the former Goldman Sachs employee amidst his extradition hearing.

KUALA LUMPUR (Dec 31): All political parties and politicians, including Member of Parliaments (MPs) of the 13th Parliament, should return to public coffers any funding and donations they had received from the 1Malaysia Development Bhd (1MDB) scandal, says DAP lawmaker Lim Kit Siang.

KUALA LUMPUR (Dec 31): French regulators have seized properties worth up to €150 million belonging to former Aabar Investments PJS Ltd chairman Khadem Al-Qubaisi in its probe into 1Malaysia Development Bhd (1MDB), according to Sarawak Report (SR).