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US DoJ seeks to recover RM154mil in assets from 1MDB case

WASHINGTON (Reuters): The US Justice Department on Friday (Feb 22) said it had filed complaints seeking forfeiture and recovery of approximately $38mil (RM154mil) in assets associated with its 1Malaysia Development Berhad - or 1MDB - case, bringing the assets now subject to forfeiture to a total of about $1.7bil (RM6.9bil).

US seeks to recover $38mil in assets from 1MDB case

WASHINGTON: The U.S. Justice Department on Friday said it had filed complaints seeking forfeiture and recovery of approximately $38 million in assets associated with its 1Malaysia Development Berhard - or 1MDB - case, bringing the assets now subject to forfeiture to a total of about $1.7 billion (1.3 billion pounds).

“These new lawsuits target assets collected by corrupt officials and their associates through a massive scheme that stole billions of dollars from the people of Malaysia and laundered the proceeds across the world,” U.S. Attorney Nick Hanna(pic) said

Jury is out on banks

TWO local banks, namely, Public Bank Bhd (PBB) and AMMB Holdings Bhd have started the ball rolling this quarter, releasing results that look starkly different, at least at first glance.

Menara Public Bank in Jalan Ampang and Menara AmBank in Jalan Yap Kwan Seng.

AG: Sri Ram’s appointment a lawyer-client privilege

KUALA LUMPUR: The appointment of Datuk Seri Gopal Sri Ram as a lead prosecutor by the Attorney General’s Chambers (AGC) is a matter of lawyer and client privilege, the High Court heard.

Cops seize three cars in 1MDB case

PETALING JAYA: Bukit Aman raided the house of former Goldman Sachs banker Roger Ng as part of the on­­going 1Malaysia Development Bhd (1MDB) investigation.

Lim: Reduced cost of LRT3 project will mean lower fares

KUALA LUMPUR: The reduced construction cost of the LRT3 project linking Bandar Utama to Johan Setia in Klang will ensure cheaper fares once it is completed in 2024.

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Defence has no right to demand Sri Ram's appointment letter, AG tells High Court

KUALA LUMPUR (Bernama): Attorney General Tommy Thomas told the High Court here that the defence in Datuk Seri Najib Tun Razak's 1Malaysia Development Bhd's cases (1MDB) has no legal right to demand the appointment letter of former Federal Court judge Datuk Seri Gopal Sri Ram as senior prosecutor.

Perak govt to probe claims of mismanagement of varsity land

IPOH: The state government will investigate claims of mismanagement on plots of land given by the previous government to Universiti Sultan Azlan Shah (Usas) in Kuala Kangsar.

Ex-Goldman Sachs banker Roger Ng's home raided; cars and cash seized

PETALING JAYA: The house of former Goldman Sachs banker Roger Ng has been raided by the police.

National debt still above RM1 trillion, says Guan Eng

KUALA LUMPUR: Malaysia's national debt still remains above the trillion ringgit level, says Finance Minister Lim Guan Eng.