US reaches settlement to recover more than US$700m in assets allegedly traceable to corruption involving 1MDB

PETALING JAYA (Oct 31): The Department of Justice has reached a settlement of its civil forfeiture cases against assets acquired by Low Taek Jho, aka Jho Low, and his family using funds allegedly misappropriated from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, and laundered through financial institutions in several jurisdictions, including the United States, Switzerland, Singapore and Luxembourg.

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Najib knew about US$700m diversion to Good Star: Witness

KUALA LUMPUR (Oct 30): The diversion of US$700 million to Good Star Ltd — a company linked to fugitive businessman Low Taek Jho — instead of the joint venture company set up between 1 Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI), was apparently known to former prime minister Datuk Seri Najib Abdul Razak, said a former 1MDB chief executive.

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The standard-setter in sustainability

It would be remiss to talk about smart, sustainable and wellness (SSW) developments without mentioning Desa ParkCity (DPC) Kuala Lumpur, because the township is an exemplary model of SSW.

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