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PETALING JAYA (Oct 25): The scale of the ongoing fallout from the 1MDB scandal has pushed Goldman Sachs Group Inc.

KUALA LUMPUR (Oct 24): 1Malaysia Development Bhd (1MDB) had agreed that the valuation of the assets to be injected by PetroSaudi International Ltd (PSI) into their 2009 joint venture (JV) would rely on the latter's representation at "face value", the High Court was told today.

KUALA LUMPUR (Oct 24): Datuk Shahrol Azral Ibrahim Halmi, former CEO of scandal-clad 1Malaysia Development Bhd (1MDB), told the High Court today he had truly believed what Datuk Seri Najib Abdul Razak was doing was for the best interest of the country.

KUALA LUMPUR (Oct 24): Datuk Seri Najib Abdul Razak has filed a motion to compel the prosecution in the 1MDB-Tanore trial to hand over documents it obtained from the Malaysian Anti-Corruption Commission (MACC) vide a pendrive from former PetroSaudi International Ltd (PSI) employee Xavier Andre Justo.

KUALA LUMPUR (Oct 21): The High Court was told today that the signing ceremony between Malaysia's and Saudi Arabia's heads of state for a US$2.

KUALA LUMPUR (Oct 18): The lead defence counsel in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) had yesterday accused a witness of lying to Datuk Seri Najib Abdul Razak about a US$1 billion investment into a joint venture with PetroSaudi International Ltd (PSI).

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): KIP Real Estate Investment Trust (KIP REIT)’s net property income jumped 36% to RM13.

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 16): 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted to inking a joint venture (JV) agreement between 1MDB and an impostor JV partner in 2009, despite noticing the inconsistencies in the name, on the advice of fellow 1MDB director Casey Tang.