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PETALING JAYA: The Malaysian government has succeeded in its appeal against the London Court's decision to delay its legal challenge to nullify a consent award involving 1MDB, the Minister of Finance Incorporated (Mofi) and two Abu Dhabi-based companies as part of its efforts to recover US$3.5bil (RM14.68bil).
KUALA LUMPUR (Bernama): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi told the High Court here on Monday (Sept 30) that he had never questioned who decided on the total of US$576,943,490 (RM2.4bil) in security deposit payment to Aabar Investment PJS Ltd as he had assumed that it was agreed upon by Datuk Seri Najib Tun Razak.
KUALA LUMPUR (Bernama): The High Court here has heard that fugitive businessman Low Taek Jho or Jho Low had arranged for the security deposit payment of US$576,943,490 to Aabar Investments PJS (Aabar) for the takeover of Tanjong Energy Holdings Sdn Bhd (TEHSB) for the purpose of misappropriation.
KUALA LUMPUR: The defence and a witness for the 1Malaysia Development Bhd (1MDB) trial clashed at the High Court here when the witness was accused of working with fugitive financier Low Taek Jho to defraud 1MDB.
KUALA LUMPUR: At the start of the long-awaited Datuk Seri Najib Razak’s 1Malaysia Development Bhd (1MDB) trial, the prosecution says it will prove that the former prime minister staged an elaborate charade in the misappropriation of RM2.3bil from 1MDB with the ultimate aim of obtaining gratification for himself.
KUALA LUMPUR (Reuters) - Malaysian prosecutors on Wednesday said former prime minister Najib Razak abused his power to cover up the theft of hundreds of millions of dollars from the state fund 1MDB and used the fund for self-gratification.
KUALA LUMPUR: Former second finance minister Datuk Seri Ahmad Husni Hanadzlah made an explosive disclosure when he told the High Court that the former prime minister was behind a concerted effort to discredit him, including a purported scandal with a woman.
KUALA LUMPUR: A former second finance minister has alleged that Datuk Seri Najib Razak was behind the personal attacks against him including an alleged scandal with a woman.
KUALA LUMPUR: Just a year after Datuk Seri Najib Razak first appeared in court over 1Malaysia Development Bhd (1MBD)-related offences, his film producer stepson Riza Shahriz Abdul Aziz answered to charges of his own over money laundering totalling US$248.173mil (RM1.02bil).
KUALA LUMPUR: Film producer Riza Aziz has pleaded not guilty at the Sessions Court here to five counts of money laundering amounting to US$248.173mil (about RM1.02bil), monies believed to be misappropriated from 1Malaysia Development Bhd (1MDB).