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WASHINGTON: The U.S. Department of Justice is seeking to recover $300 million in additional assets allegedly associated with the multibillion-dollar 1MDB scandal, assets it has traced to an escrow account in the United Kingdom, the agency said on Wednesday.
INHERENTLY, the government procurement has always been a weak point in the administration because of the civil service losing its clout over the decision-making process.
Viability of other MoUs in question after failure of Singer deal
ZURICH: A Swiss court has convicted a banker for failing to sound the alarm over millions of dollars linked to scandal-tainted Malaysian sovereign wealth fund 1MDB.
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) has developed the world’s first automated detection system to track bagworm species, “Metisa plana”, a leaf-eating insect species that attacks oil palm
KUALA LUMPUR/NEW YORK: Goldman Sachs will pay US$3.9 billion to settleMalaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal, closing a key front in the multi-jurisdictional investigation that has hung over Goldman.
THE coronavirus that has upended the world’s economic and social life is turning out to be a mediocre election campaigner. The lesson of recent contests in Asia is that pre-existing conditions haven’t gone away and will likely be decisive, even in the bitterly fought US campaign.
KUALA LUMPUR: Maybank Asset Management Sdn Bhd launched the flagship Asian US dollar bond fund in Malaysia via a fixed income feeder fund called the Maybank Asian Credit Income Fund.
KUALA LUMPUR: Pos Malaysia Bhd narrowed its losses in the first quarter on higher postal rates and a booming parcel delivery business.