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State govt entities give statements to Sabah PAC over A-G's 2018 Report
KOTA KINABALU: Seven state government entities were summoned to give statements on unresolved issues from the Auditor-General’s 2018 report, says Sabah Public Accounts Committee (PAC).
Facebook prepares for wave of influencer marketing in politics
Facebook Inc is trying to clarify how it will handle a new wrinkle in the world of digital political advertising: politicians paying influencers to post on social media platforms like Instagram, which it owns.
U.S. class actions pile up against Australia's Westpac amid money-laundering scandal
Australia's No.2 lender Westpac Banking Corp was hit with another U.S. class-action lawsuit in less than a week on Monday, over issues with its financial crime monitoring amid a recent money laundering scandal.
Objections over original audit report
KUALA LUMPUR: The original 1Malaysia Development Berhad (1MDB) audit report findings were objected to by its chief executive officer (CEO) and a group of civil servants during a coordination meeting chaired in 2016 by Tan Sri Dr Ali Hamsa, the chief secretary to the government at the time.
We were forced to accept decision to expunge parts of audit report, witness tells High Court
KUALA LUMPUR (Bernama): The former director of the National Audit Department told the High Court here that she and the former auditor-general Tan Sri Ambrin Buang were forced to accept the decision to expunge parts of the audit report on 1Malaysia Development Berhad (1MDB).
‘Dangerous proof’ dropped from report
KUALA LUMPUR: The High Court heard that the two conflicting 1Malaysia Development Bhd (1MDB) financial statements, which were allegedly omitted from the national sovereign fund’s final audit report, were “dangerous evidence”.
PAC trial: 1MDB's two different financial statements described as ‘dangerous’ evidence
KUALA LUMPUR: The High Court was told that the former chief secretary to the government had described the two differing financial statements from 1Malaysia Development Bhd (1MDB) as “dangerous evidence”.
I was told not to publish 1MDB audit without Najib's 'green light', former audit director tells court
KUALA LUMPUR: A former audit director told the High Court that she could not print the final audit report on 1Malaysia Development Bhd (1MDB) until given the "green light" to do so by Datuk Seri Najib Razak.
Quick take: London Biscuits falls 5.8% as firm defaults on payment obligations
KUALA LUMPUR: London Biscuits Bhd’s share on Wednesday fell over 5.8% after the company said it had been served with a writ of summons for defaulting RM1.256mil.
TAEL Partners to inject RM22m into glove maker WRP Asia Pac
KUALA LUMPUR: TAEL Partners, a private equity fund, has agreed to a second round of emergency shareholders' injection of RM22mil into WRP Asia Pacific Sdn Bhd.