Time to bite the bullet

KUALA LUMPUR (Nov 2): It might be wishful thinking to expect the government to be able to rein in fiscal deficit while generating decent economic growth in the upcoming budget, which will be tabled by the Finance Minister Lim Guan Eng at Parliament this afternoon.

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US DoJ indicts Jho Low, Leissner, Roger Ng over 1MDB

NEW YORK (Nov 2): A three-count criminal indictment was unsealed yesterday in federal court in the eastern district of New York charging Low Taek Jho, also known as Jho Low, and Ng Chong Hwa, also known as Roger Ng, with conspiring to launder billions of dollars embezzled from 1Malaysia Development Bhd (1MDB), a government strategic investment fund, and conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes to various Malaysian and Abu Dhabi officials.

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Sale of Jho Low's jet gets US court approval

KUALA LUMPUR (Nov 1): A US federal court has approved the agreement between the Department of Justice (DoJ) and Global One Aviation (Global 5000) Ltd for the sale of the Bombardier Global 5000 jet linked to businessman Low Taek Jho, to ensure the parties' legal rights with respect to the jet are maintained.

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