Maybank sued for ‘thwarting’ luxury Tribeca condo tower

NEW YORK (June 11): The developer of a 43-story luxury condo building in Manhattan’s Tribeca neighborhood sued Malaysia’s biggest bank for reneging on agreements to provide more than US$162 million (RM689 million) in syndicated construction loans and “effectively thwarting” the project, Bloomberg reported today.

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Jho Low found new ways to move money in Kuwait: WSJ

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).

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Dr Mahathir, five others file suit against Muhyiddin and RoS over removal from Bersatu

KUALA LUMPUR (June 9): Former premier Tun Dr Mahathir Mohamad (pictured), his son Datuk Seri Mukhriz Mahathir and four others have filed a suit against Parti Pribumi Bersatu Malaysia (Bersatu) president Tan Sri Muhyiddin Yassin and the Registrar of Societies (RoS), seeking a declaration that they are rightful members of Bersatu and that their posts in the party remain intact.

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