EPF plans to sell assets

KUALA LUMPUR (Feb 6): The Employees Provident Fund (EPF) “has identified at least seven assets” with a total estimated value of RM350 million to RM450 million to be put up for sale, sources told the Edge Malaysia.

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Top Abu Dhabi executives implicated in 1MDB scam believed to have been convicted

KUALA LUMPUR (Feb 5): Were the two top executives of the Abu Dhabi wealth fund implicated in the 1MDB scandal convicted and jailed two days ago in the United Arab Emirates? According a Feb 3 news report by the Khaleej Times, the Abu Dhabi Criminal Court had sentenced a former senior management executive of a government-owned company and its chief executive officer (CEO) to 15 years in prison for money laundering.

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Genting Malaysia liquidates Irish subsidiary

KUALA LUMPUR (Feb 2): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned dormant subsidiary Stanley Leisure (Ireland) Unlimited Company (SLIUC), which was incorporated in Ireland, was placed under members' voluntary liquidation last Wednesday (Jan 27) pursuant to the provisions of the Companies Act 2014 of Ireland.

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