1MDB invested additional US$1.5b despite zero returns from first US$1b

KUALA LUMPUR (Oct 30): Even though 1Malaysia Development Bhd (1MDB) had yet to see any returns from its US$1 billion investment in its joint venture (JV) with PetroSaudi International Ltd (PSI), former chief executive officer Datuk Shahrol Azral Ibrahim Halmi told the High Court he did not find it odd or "hare-brained" to fork out another US$1.

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High Court defers hearing on Najib, Shafee's challenge against Sri Ram

KUALA LUMPUR (Oct 25): Attorney General Tan Sri Tommy Thomas and former federal court judge Datuk Seri Gopal Sri Ram (pictured) will file further affidavits in ex-prime minister Datuk Seri Najib Razak and his lawyer Tan Sri Muhammad Shafee Abdullah's civil challenge against Sri Ram's appointment as senior deputy public prosecutor in 1Malaysia Development Bhd (1MDB)-linked cases.

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