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SINGAPORE: Parties to event and tourism-related contracts who are unable to fulfil their contractual obligations owing to Covid-19 will continue to get temporary relief from legal and enforcement action for an additional month.
KUALA LUMPUR: The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department of Justice said.
TWO entities at different ends of the spectrum in the corporate world raised a total of RM1.33bil from the capital markets on Thursday through placement of their shares
WASHINGTON: The U.S. Department of Justice on Tuesday said it has repatriated another $300 million to Malaysia in recovered money misappropriated from 1MalaysiaDevelopment Berhad, or 1MDB, the country's sovereign wealth fund.
MALAYSIA should enact a law similar to the one proposed by the Singapore government to offer temporary relief to businesses, in particular SMEs and individuals who are unable to perform their contractual obligations because of the movement control order (MCO) brought about by the Covid-19 pandemic.
WASHINGTON: The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost $1 billion that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter.
AGAIN and again, Malaysia has publicly demanded Goldman Sachs pay an eye-popping $7.5 billion for its role in the 1MDB scandal. But privately, Malaysian negotiators are considering settling for a fraction of that.
LOS ANGELES: Federal prosecutors in Los Angeles have been working for three years to recover assets around the world that were allegedly acquired with billions of dollars stolen from Malaysia’s 1MDB fund by people associated with former prime minister Datuk Seri Najib Razak.
New York: The US Department of Justice is investigating Deutsche Bank AG as part of a broadened probe of Malaysia’s scandal-plagued 1MDB investment fund, according to a source.