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Primus files appeal over NY court’s refusal to hear claim

PETALING JAYA: Private equity firm Primus Pacific Partners has lodged an appeal over a New York court’s refusal to hear its US$500mil claim against Goldman Sachs for issues related to the 1Malaysia Development Bhd (1MDB) scandal in Malaysia, reports the Financial Times (FT).

Hong Kong-based Primus alleged that it was disadvantaged by advice Goldman gave concerning the December 2009 sale of EON Capital Bhd, a Malaysian bank that Primus had a 20% stake in.  EON Capital was sold to a domestic rival Hong Leong Bank Bhd

Govt in talks with relevant authorities to bring Jho Low's jet to Malaysia

KUALA LUMPUR: Malaysia is in talks with the relevant authorities to bring controversial businessman Low Taek Jho's private jet to Malaysia.

Eight factors make Bursa one of the best performers in Asia-Pacific

PETALING JAYA: Malaysia’s economic strength can be seen from eight different factors, and these reasons collectively have helped to make the FBM KLCI one of the best performers in Asia Pacific to date.

During the CLSA 25th Anniversary Investors Conference in Hong Kong, Finance Minister Lim Guan Eng (pic) said it is necessary to note that the FBM KLCI is one of the best performers in Asia Pacific year-to-date with a slight increase of 0.13% as of Sept 7.  In comparison, the Singapore Straits Times Index and the Nikkei 225 index decreased by 8.29% and 1.72% over the same period.

‘Let me be clear, I am innocent’

PETALING JAYA: Fugitive businessman Low Taek Jho has proclaimed his innocence over allegations related to 1Malaysia Development Bhd (1MDB) in a signed letter uploaded to his personal website.

Having his say: A screengrab of ‘www.jho-low.com’ website which contained the letter.
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Sarawak Report editor interviewed, not detained at Singapore checkpoint

SINGAPORE (The Straits Times/Asia News Network): Singapore's Immigration and Checkpoints Authority (ICA) has clarified that Clare Rewcastle-Brown, editor of whistleblower website the Sarawak Report, was interviewed briefly at the Woodlands checkpoint on Saturday (Sept 15) as she sought to leave the city state for Malaysia.

Deutsche Bank executive's 1MDB role being probed, says report

SINGAPORE (Bloomberg): Singapore authorities probing the multi-billion dollar 1MDB scandal are looking at the role of an outgoing senior Deutsche Bank AG executive as part of their investigations, according to people with knowledge of the matter.

Money is cheap when it’s not yours

WHEN the money is not yours to begin with, there are no qualms about spending it. It does not matter if a hefty tip of a few hundred thousand is forked out to a waiter at the casino where you have run up a huge tab, or an expensive Ferrari is given as a wedding gift.

Expensive gifts: Jho Low reportedly presented expensive paintings to DiCaprio (left) and US$8mil worth of diamonds to Kerr. — AP

Dr Mahathir: Jho Low is 'hiding somewhere'

PETALING JAYA: Tun Dr Mahathir Mohamad says fugitive financier Low Taek Jho, also known as Jho Low, is "hiding somewhere" and cannot be reached.

Terengganu Royal Council: Sultanah never involved in TIA, no links with Jho Low

KUALA LUMPUR: (Bernama) The Sultanah of Terengganu, Sultanah Nur Zahirah, has never been directly or indirectly involved in any government administrative affairs, and in particular, the establishment of the Terengganu Investment Authority (TIA).

Politicians among over 50 people who got 1MDB money, says Deputy IGP

KUALA LUMPUR: More than 50 people received money that can be traced to the billions of ringgit of 1MDB-linked funds that went into Datuk Seri Najib Tun Razak’s bank account and political figures were among the recipients, says Tan Sri Noor Rashid Ibrahim.

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