Sealed bids for Jho Low's Equanimity superyacht to be opened today
PETALING JAYA (Nov 29): Bidding for the US$250 million (RM1 billion) superyacht Equanimity once owned by fugitive financier Jho Low has closed yesterday.
MDCA to be platform for Malaysian developers' Australian expansion
PETALING JAYA (Nov 28): The Malaysian Developers Council of Australia (MDCA) has been established and launched in Melbourne earlier this week, the council was set up with the objective to assist Malaysian developers who are looking at expanding their presence Down Under.
US$600m reparations too little for Goldman’s ‘disgusting’ role — Anwar
KUALA LUMPUR (Nov 28): Parti Keadilan Rakyat’s (PKR) president Datuk Seri Anwar Ibrahim has reiterated that Goldman Sachs Group should be made to pay back more than the amount it received from the Malaysian government for facilitating bond sales for 1Malaysia Development Bhd (1MDB) due to its “disgusting” role in the matter.
UOA posts marginal slide in 3Q profit as cost of sales climb
KUALA LUMPUR (Nov 27): UOA Development Bhd's net profit dipped a marginal 1% in its third quarter ended Sept 30, 2018 (3QFY18) to RM92.
‘You are like an ostrich burying its head in the sand’
KUALA LUMPUR: Finance Minister Lim Guan Eng lambasted opposition members of parliament (MPs) from Barisan Nasional (BN) yesterday for refusing to face the reality that 1Malaysia Development Bhd (1MDB) is a mega scandal, calling them “an ostrich burying its head in the sand”.
Bank Rakyat chairman Shukry sacked
KUALA LUMPUR (Nov 27): Tan Sri Shukry Mohd Salleh has been ousted as chairman of Bank Rakyat’s board with immediate effect, as he is allegedly involved in the tampering of the original audit report on 1Malaysia Development Bhd (1MDB) when he was the chief private secretary of former prime minister Datuk Seri Najib Razak.
Lower revenue, higher forex loss drag IJM Corp's 2Q net profit down 80.81%
KUALA LUMPUR (Nov 26): IJM Corp Bhd's net profit plunged 80.
PDRM will investigate 1MDB audit report tampering
KUALA LUMPUR (Nov 26): Police have launched an investigation into the alleged tampering of the Auditor-General’s 2016 report on the 1Malaysia Development Berhad (1MDB) scandal.
Jho Low attended 1MDB board meeting as Prince Turki’s representative — Najib’s lawyer
KUALA LUMPUR (Nov 26): The presence of Low Taek Jho (Jho Low) in a 1Malaysia Development Bhd (1MDB) board meeting was to represent Prince Turki Abdullah, the owner of PetroSaudi International, according to Shafee & Co, the law firm representing former prime minister Datuk Seri Najib Razak in several ongoing criminal cases.
A-G confirms 1MDB report altered
KUALA LUMPUR (Nov 26): Auditor-General (A-G) Tan Sri Dr Madinah Mohamad has confirmed that the original audit report on 1Malaysia Development Bhd (1MDB) issued in 2016 by the National Audit Department had been altered, and that orders to tamper with the report first came from former prime minister Datuk Seri Najib Razak.
