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Yes, Najib was Emperor of 1MDB, says witness to incredulous question from defence
KUALA LUMPUR (Bernama): Former Prime Minister Datuk Seri Najib Tun Razak was like the "Emperor of 1MDB", the High Court was told on Thursday (Oct 17).
Najib's phone call not to be recorded in minutes of meeting
KUALA LUMPUR (Bernama): The High Court was told that 1Malaysia Development Bhd's (1MDB) former director and chairman Tan Sri Mohd Bakke Salleh instructed that a telephone call between him and Datuk Seri Najib Tun Razak should not be recored during a 1MDB-PetroSaudi International Ltd (PSI) joint-venture (JV) meeting in 2009.
Khazanah's divestment proceeds not to pay govt debts, says Azmin
KUALA LUMPUR: Proceeds from the disposal of Khazanah Nasional Bhd’s shares, assets and interests fully belong to the sovereign wealth fund and will never be used to pay government debts, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
RM5bil bonds: Malaysians suffered losses, while Jho Low-linked company benefited
KUALA LUMPUR (Bernama): State-owned sovereign wealth fund, 1Malaysia Development Berhad (1MDB), Social Security Organisation (Socso) and Malaysians suffered losses from the RM5 billion bonds in Islamic medium term notes (IMTN) issued by Terengganu Investment Authority Berhad (TIA).
Witness: Najib's face neutral on hearing Sultan Mizan angry over RM5bil TIA bond
KUALA LUMPUR (Bernama): The High Court here heard on Wednesday (Oct 9) that Datuk Seri Najib Tun Razak's facial expression was neutral when he was told that the then Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin was angry over the Terengganu Investment Authority Bhd's (TIA) RM5bil bonds issuance.
Witness agrees that Jho Low placed ‘people around him’ in TIA
KUALA LUMPUR: Fugitive financier Low Taek Jho brought in several “people around him” into the Terengganu Investment Authority (TIA), which was later known as 1Malaysia Development Bhd (1MDB), the High Court heard.
1MDB trial: Jho Low installed his cronies in TIA, says witness
KUALA LUMPUR (Bernama): The former chief executive officer of 1Malaysia Development Bhd (1MDB) told the High Court here Tuesday (Oct 8) that fugitive businessman Jho Low had brought his cronies into the Terengganu Investment Authority Bhd (TIA), which later became 1MDB.
Jho Low worked for free as TIA's advisor, says witness
KUALA LUMPUR (Bernama): The High Court here was told Tuesday (Oct 8) that fugitive businessman Low Taek Jho or Jho Low was never paid for his services as an advisor of Terengganu Investment Authority Berhad (TIA).
Najib's 1MDB trial: No chance to inform Sultan Mizan about financial inexperience, says former CEO
KUALA LUMPUR (Bernama): Former 1Malaysia Development Berhad CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court here Tuesday (Oct 8) that he had no opportunity to tell the then-Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin that he had no experience in financial matters.
MACC seeks to recover RM420mil
PUTRAJAYA: Eighty entities, including individuals such as former CIMB Group chairman Datuk Seri Nazir Razak, have been given two weeks to pay a total of RM420mil by the Malaysian Anti-Corruption Commission.