KUALA LUMPUR (June 12): Goldman Sachs is trying to get federal prosecutors to ease up on the bank for its role in a scheme to loot billions of dollars from sovereign wealth fund 1Malaysia Development Bhd (1MDB), says the New York Times (NYT).
KUALA LUMPUR (June 10): The High Court today has allowed an application by former prime minister Datuk Seri Najib Abdul Razak to inspect close to 12,000 pieces of jewellery, 300 handbags and other valuables which were seized by police shortly after the 14th general election in 2018.
KUALA LUMPUR (June 10): Fugitive Malaysian financier Jho Low traveled to Kuwait last September, slipped past international arrest notices and authorities in the US and Malaysia seeking him for his alleged role in the multibillion-dollar state investment fund 1Malaysia Development Bhd (1MDB) fraud, says the Wall Street Journal (WSJ).
KUALA LUMPUR (June 4): The defence in former Prime Minister Datuk Seri Najib Abdul Razak’s SRC International Sdn Bhd trial told the High Court here today that it was difficult to mount the best defence possible for their client as he was a prime minister and a man with immense power.
Prosecution says no need to call SRC CFO to the stand as other witnesses had verified fund transfers
KUALA LUMPUR (June 3): The prosecution at the SRC International Sdn Bhd trial explained that they did not need to call SRC’s chief financial officer (CFO) See Yoke Peng as a witness to verify that she had approved the transfer of hundreds of millions of ringgit out of the company as other witnesses had already verified this fact.
KUALA LUMPUR (June 3): The prosecution in Datuk Seri Najib Abdul Razak’s SRC International Sdn Bhd trial contended that the former prime minister had absolute knowledge of RM42 million from SRC which ended up in his accounts.
KUALA LUMPUR (June 3): The defence concluded its submissions on the three money laundering charges faced by Datuk Seri Najib Abdul Razak by saying that the former premier did not check the deposits in his accounts as he thought they were Saudi Arabian donations, and that his deceased senior private secretary would have confirmed if there were enough funds or not.
KUALA LUMPUR (May 22): The High Court has turned down a lawyer's request for a revision of the Sessions Court decision earlier this month to grant a discharge not amounting to an acquittal (DNAA) to Riza Shahriz Abdul Aziz over money laundering charges in relation to 1Malaysia Development Bhd.
KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he could not comment on whether former prime minister Datuk Seri Najib Abdul Razak was involved in the dealings between the troubled fund and PetroSaudi International Ltd (PSI).
KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi shared an anecdote about his "famous nasi goreng" in explaining at the High Court today why he trusted fugitive financier Jho Low.