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KUALA LUMPUR: The former executive director of LFE Corporation Bhd (LFE), Alan Rajendram a/l Jeya Rajendram was jailed three years after he pleaded guilty to two criminal breach of trust (CBT) charges involvig RM18.99mil.
KUALA LUMPUR: Former investment banker Goh Keng Huat was jailed six months and fined RM1mil in default six months imprisonment after he was convicted to insider trading in the shares of Road Builder Holdings Bhd (RBH) in 2006.
KUALA LUMPUR: The Kuala Lumpur Sessions Court has sentenced a former investment banker to six months jail and fined him RM1mil for insider trading.
KUALA LUMPUR: Malaysia's central bank is expected to leave its benchamrk interest rate unchanged at a policy meeting on Thursday, a day after the country holds a general election, a Reuters poll showed.
ONLY 24 hours ago I was lamenting the Malaysian political system’s incapability to self-correct after a plunder as brazen as the alleged $4.5 billion looting of 1MDB, a state investment firm. The voters proved me wrong.
QUITE unexpectedly, Malaysians just voted out their ruling party for the first time since independence in 1957. They voted for change, and that’s what their new leaders need to deliver.
NEW YORK: A big proxy adviser joined Elliott Management Corp in opposing an US$8.8bil deal between two Hyundai Motor Group units, complicating the automotive giant’s ability to get shareholders to vote for an overhaul that may help the chairman pass on control of the South Korean conglomerate to his son.
SINGAPORE: Singapore authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) said in a statement on Wednesday morning.
KUALA LUMPUR: A newly-declassified report on scandal-plagued Malaysia state fund 1MDB shows investigators expressed widespread concern about anomalies in its accounts, as Prime Minister Tun Dr Mahathir Mohamad accelerates efforts to reopen probes into the company and the actions of his predecessor.