News about ROS

KUALA LUMPUR (Nov 6): The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial yesterday ended early at 4:50pm, instead of the originally scheduled 6pm, as lead defence counsel Tan Sri Muhammad Shafee Abdullah requested to leave earlier to attend the Sultan Azlan Shah law lecture.

KUALA LUMPUR (Nov 5): Datuk Shahrol Azral Ibrahim Halmi, former CEO of 1Malaysia Development Bhd (1MDB), says today PetroSaudi International Ltd (PSI) has accumulated "around US$2.

KUALA LUMPUR (Nov 5): The High Court here was told that the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI) in 2009 had “zero governance”, yet the former persisted in partnering with the latter to preserve their “strategic relationship”, a witness said.

KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).

KUALA LUMPUR (Nov 1): High Court Justice Collin Lawrence Sequerah has discharged himself from hearing the forfeiture case involving the public prosecutor and OBYU Holdings Sdn Bhd, Datuk Seri Najib Abdul Razak, his wife Datin Seri Rosmah Mansor, Umno and Lebanese jeweller Global Royalty SAL, which wanted to intervene and be a third party in the matter.

KUALA LUMPUR (Oct 31): Enlarged pictures of former prime minister Datuk Seri Najib Abdul Razak's swollen eyes were shared to High Court Justice Collin Lawrence Sequerah today, as the defence team had requested to postpone court proceedings because the former premier's eyes were painful.

PETALING JAYA (Oct 31): The key figure in the 1Malaysia Development Bhd scandal Low Taek Jho, better known as Jho Low, is currently in the United Arab Emirates and and has obtained asylum in another country on the basis of human rights and political persecution, legal sources told The Malaysian Insight (TMI).

KUALA LUMPUR (Oct 31): The High Court has fixed Dec 16 as the next case mention date for charges (change to summons) against three Goldman Sachs entities in the latter's alleged conduct of misleading investors in the issuance of three 1MDB bonds.

KUALA LUMPUR (Oct 31): Fugitive businessman Low Taek Jho confirmed today he has reached a landmark comprehensive, global settlement with the US government to resolve the US' civil and criminal actions relating to his assets.

PETALING JAYA (Oct 31): The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.