News about MD

KUALA LUMPUR (Nov 26): The presence of Low Taek Jho (Jho Low) in a 1Malaysia Development Bhd (1MDB) board meeting was to represent Prince Turki Abdullah, the owner of PetroSaudi International, according to Shafee & Co, the law firm representing former prime minister Datuk Seri Najib Razak in several ongoing criminal cases.

KUALA LUMPUR (Nov 26): Auditor-General (A-G) Tan Sri Dr Madinah Mohamad has confirmed that the original audit report on 1Malaysia Development Bhd (1MDB) issued in 2016 by the National Audit Department had been altered, and that orders to tamper with the report first came from former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Nov 26) : The Malaysian Institute of Accountants (MIA) said it had completed its investigation into Messrs Deloitte over the latter’s role as the former auditor of scandal-plagued fund 1Malaysia Development Bhd (1MDB).

PETALING JAYA (Nov 23): The Auditor-General’s (AG) report on 1Malaysia Development Bhd (1MDB) in 2016 had been amended, following the orders of then prime minister Najib Razak, Utusan reported, citing unnamed sources.

KUALA LUMPUR (Nov 23): Former prime minister Datuk Seri Najib Tun Razak said 1Malaysia Development Bhd (1MDB) has never dealt directly with Low Taek Jho.

KUALA LUMPUR (Nov 22): Former Prime Minister Datuk Seri Najib Razak says action must be taken against Low Taek Jho, also known as Jho Low, if he is found to have committed wrongdoings in relation to the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (Nov 22): Member of Parliament for Kepong Lim Lip Eng has asked the Malaysian Institute of Accountants (MIA) on the status of its investigation of Deloitte Malaysia over the latter’s handling of the audit of 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Nov 22): The International Petroleum Investment Co (IPIC) is suing Goldman Sachs Group Inc for playing a “central role” in the 1Malaysian Development Bhd (1MDB) scandal, which IPIC says caused it “significant financial exposure and losses”.

KUALA LUMPUR (Nov 21): The Malaysian Institute of Accountants (MIA) has been urged to take action against Deloitte Malaysia's former country managing partner Datuk Tan Theng Hooi for allegedly lying to the Public Accounts Committee (PAC) on matters related to 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Nov 15): The legal team supporting Malaysian financier Low Taek Jho (Jho Low) has spent more than US$1.