UEM Sunrise disposes of Melbourne property for RM355m
KUALA LUMPUR (Nov 23): UEM Sunrise Bhd is disposing of one of its properties in Melbourne for A$125 million (RM354.
IWH secures RM371m loan from CIMB for Bandar Malaysia project
KUALA LUMPUR (Nov 22): Iskandar Waterfront Holdings Sdn Bhd (IWH) has secured a RM371 million financing facility from CIMB Bank Bhd to part-finance the investment by a consortium comprising IWH and China Railway Group Ltd (CREC) in the Bandar Malaysia project.
Equanimity sale proceeds can now be placed in MoF asset recovery account
KUALA LUMPUR (Nov 22): About US$124.
Netizens praise government auditor who recorded 1MDB meeting, kept original audit report
PETALING JAYA (Nov 22): Malaysian netizens are hailing National Audit Department (NAD) officer Nor Salwani Muhammad as a hero after media coverage on the 1Malaysia Development Bhd (1MDB) audit tampering trial at the Kuala Lumpur High Court yesterday described how she recorded a meeting between 1MDB and government officials in 2016 and saved an original copy of the 1MDB audit report.
Ekovest to buy land in Johor for RM1.05b
KUALA LUMPUR (Nov 22): Ekovest Bhd has proposed to buy 20 parcels of freehold development land in Johor Bahru for a total of RM1.
Arul Kanda sought probe over existence of two 1MDB audit reports: Auditor
KUALA LUMPUR (Nov 22) : A government auditor confirmed yesterday that former 1Malaysia Development Bhd chief executive officer Arul Kanda Kandasamy had wanted a police report to be lodged over the existence of two conflicting 1MDB audit reports for 2014.
Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor
KUALA LUMPUR (Nov 21): Acme Time Ltd, a firm wholly-owned by fugitive financier Low Taek Jho (Jho Low), obtained close to US$126 million in the Islamic Medium Term Note (IMTN) bond flip for the Terengganu Investment Authority (TIA) in 2009, the High Court was told today.
Ex-AG: 1MDB audit unusually long and hard due to lack of cooperation
KUALA LUMPUR (Nov 21): Former Auditor-General Tan Sri Ambrin Buang found the process of auditing 1Malaysia Development Bhd to be more difficult than usual as the fund did not give its full cooperation by sharing the necessary documents required by the National Audit Department (NAD), he told the High Court today.
Homeowners in China were promised ‘park views’ but get a plastic lake instead
PETALING JAYA (Nov 21): Buyers of flats in Changsha, Hunan province, Central China were shocked to see a plastic lake when they collected the keys to their units over the weekend, the South China Morning Post (SCMP) reported Tuesday.
Calls to destroy final audit report shocked NAD director
KUALA LUMPUR (Nov 21): National Audit Department (NAD) director Nor Salwani Muhammad (pictured) was the one who recorded the Feb 24, 2016 meeting where top government officials agreed to amend and destroy the original 1Malaysia Development Bhd (1MDB) audit report, the High Court heard today.
