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Noripah Kamso new chairman of Bank Rakyat

KUALA LUMPUR: The Entrepreneur Development Minister has appointed Datuk Noripah Kamso as the new chairman of Bank Rakyat with effect from Thursday.

Datuk Noripah Kamso is the new chairman of Bank Rakyat.

Fed step ups Goldman probe over 1MDB compliance failures

SINGAPORE: The Federal Reserve is ramping up its investigation into how Goldman Sachs Group Inc. executives dodged the bank’s internal controls while helping Malaysian authorities raise billions of dollars that later went missing, according to people briefed on the matter.

Singapore needs more fraud busters

SINGAPORE: Singapore, which is increasingly using technology to combat money laundering and terrorism financing, faces a shortage of skilled data analysts who can help banks track down illicit cash flows.

High-profile cases such as the 1MDB embezzlement scandal are increasingly involving large networks of sophisticated cross-border fund transfers, underscoring the challenge for banks and regulators dealing with thousands of dubious   transactions each year.

Bidding for US$250m Equanimity ends

KUALA LUMPUR: The superyacht Equanimity, which once belonged to fugitive businessman Jho Low, may soon have a new owner when the auction closes today.

Goldman Sachs should pay for cost to country, says Anwar

KUALA LUMPUR: PKR president Datuk Seri Anwar Ibrahim believes Goldman Sachs should return more than the US$600mil it was paid by the Malaysian government for the 1 Malaysia Development Bhd bond sales.

Bank Rakyat chairman removed over 1MDB

PETALING JAYA: The Entrepreneur Development Minister has removed Tan Sri Shukry Mohd Salleh (pic) as the Bank Rakyat chairman with immediate effect.

In a statement yesterday, it said the removal of Shukry was due to his involvement in the original audit report of 1Malaysia Development Bhd (1MDB).

Not being aware of 1MDB’s shenanigans is inexcusable

IT is increasingly difficult to describe Low Taek Jho, aka Jho Low, as a fugitive businessman because his business, as alleged by the US Department of Justice (DoJ), seems to be coming up with schemes to divert funds due to 1Malaysia Development Bhd (1MDB).

IAA Malaysia celebrates 25th year with inaugural Hall of Fame awards

THREE marketing communications industry stalwarts and two faculties of an educational institute were honoured in the recent inaugural International Advertising Association (IAA) Hall of Fame as part of the 25th anniversary of the Malaysian chapter of the association.