News about corruption

KUALA LUMPUR (Oct 17): 1Malaysia Development Bhd's (1MDB) Article 117 in its memorandum and articles of association (M&A), which requires written approval from the prime minister before the fund can decide on a wide range of matters, was not the first provision in a government-linked company to be structured that way, according to lead defence counsel Tan Sri Muhammad Shafee Abdullah.

KUALA LUMPUR (Oct 17): Malaysia's Attorney General Tan Sri Tommy Thomas said there are no plans to drop charges against Goldman Sachs and its directors as part of a settlement with the US investment bank over the 1MDB scandal.

KUALA LUMPUR (Oct 17): The government and Goldman Sachs has been in talks for Malaysian authorities to drop criminal charges against three of the bank's subsidiaries connected to the 1MDB scandal, Attorney General Tommy Thomas told the Nikkei Asian Review.

KUALA LUMPUR (Oct 17): The transfer of decision-making power from the federal government to the prime minister in 1Malaysia Development Bhd (1MDB) was made by the board at the advise of Low Taek Jho, said 1MDB’s former chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 17): The cross-examination of former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi is expected to turn a new page today, going into the second phase of 1MDB’s dealings with PetroSaudi International Ltd (PSI) in 2010-2011.

KUALA LUMPUR (Oct 10): Low Taek Jho, aka Jho Low, had pre-empted Datuk Shahrol Azral Ibrahim Halmi from investigating further by telling him to expect the Yang di-Pertuan Agong to question the fugitive businessman's role in Terengganu Investment Authority (TIA), the precursor to 1MDB, and raise the issue of the purported misrepresentation of the palace by "a certain individual".

KUALA LUMPUR (Sept 27): An independent body should be established to probe “contractors who tender for projects in order to stem corruption in public procurement”, Public Works Department (JKR) director Kamaluddin Abdul Rashid said, reported Free Malaysia Today.

KUALA LUMPUR (Sept 20): The prosecution aims to show that former Federal Territories (FT) Minister Datuk Seri Tengku Adnan Tengku Mansor had received RM1 million as an inducement to assist a company to secure approval from Kuala Lumpur City Hall (DBKL) to increase the plot ratio for a development at Jalan Semarak here.

KUALA LUMPUR (Aug 28): The High Court here today had dismissed the prosecution's application to overturn the Sessions Court's earlier decision to transfer former deputy prime minister Datuk Seri Ahmad Zahid Hamidi's (pictured) trial involving seven corruption charges linked to Malaysia's foreign visa system to the Shah Alam Sessions Court.

KUALA LUMPUR (Aug 23): Malaysian Anti-Corruption Commission (MACC) investigating officer and Senior Assistant Commissioner Rosli Hussain dismissed claims that runaway businessman Low Taek Jho was solely responsible for the embezzlement activities in SRC International Sdn Bhd.