UK law firm declines to respond to affidavit in US$340m 1MDB-linked suit

KUALA LUMPUR (Oct 22): The hearing of the government’s forfeiture of US$340 million which allegedly belongs to 1Malaysia Development Bhd (1MDB) from Saudi national Tarek Obaid and others is set to continue in December after UK law firm Clyde & Co LLP, which is named in the suit, declined to respond to and file affidavits on documents it was served.

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Najib, Nazifuddin granted interim stay of execution in tax arrears suit

PUTRAJAYA (Oct 21): Datuk Seri Najib Tun Razak (pictured) and his son Datuk Mohd Nazifuddin were granted an interim stay of execution pending their bid for leave to appeal at the Federal Court against the summary judgment obtained by the Inland Revenue Board (IRB) against them over unpaid income tax arrears at the High Court.

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MOTAC proposes opening Langkawi to foreign tourists

KUALA LUMPUR (Oct 14): The Ministry of Tourism, Arts and Culture (MOTAC) has proposed to the National Security Council (MKN) to open Langkawi (pictured) to tourists from several selected countries under the ongoing pilot tourism bubble project.

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