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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).
Malaysia, Goldman discuss dropping 1MDB charges
KUALA LUMPUR: Malaysia is open to more talks with Goldman Sachs after having two rounds of discussions to drop criminal charges against three units of the bank over the 1MDB scandal, the country's top prosecutor told the Nikkei Asian Review.
Goldman Sachs in talks with Malaysian authorities over dropping 1MDB charges
KUALA LUMPUR (Reuters): Goldman Sachs has been in talks with Malaysian authorities to drop criminal charges against three subsidiaries of the bank in connection with the 1MDB scandal, the South-East Asian country's top prosecutor told the Nikkei Asian. Malaysian and US investigators say about US$4.5bil (RM18.7bil) was misappropriated from the now-defunct state investment fund 1Malaysia Development Berhad (1MDB).
Witness: Isa insisted board approval was unnecessary
KUALA LUMPUR: Tan Sri Isa Samad had told Felda Investment Corporation Sdn Bhd’s (FIC) board of directors that there was no need to seek the approval of Felda’s board of directors for FIC’s acquisition of a RM160mil hotel in Kuching, the High Court heard.
Sunway sets up Singapore trust to invest in student housing
PETALING JAYA: Sunway Bhd has established a private trust in Singapore with an initial asset under management of approximately RM202mil that will invest in high-quality, well-located student accommodation.
Women representation on PLC boards is still low
KUALA LUMPUR: Women representation in boardrooms of public-listed companies (PLCs) on Bursa Malaysia is moving at a slower pace, says Institute of Corporate Directors Malaysia board director Datuk Seri Johan Raslan
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.
Latitude CEO disappointed KKR pulled IPO due to low price
SYDNEY: Private equity giant KKR & Co and its partners cancelled what was to be Australia's biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.
Isa Samad trial: Request to review rejected hotel acquisition deal came from Najib, court told
KUALA LUMPUR: The request to review a rejected proposal to acquire the Merdeka Palace Hotel and Suites in Kuching came from Datuk Seri Najib Razak, the High Court heard on Wednesday (Oct 16).
Spring Art to raise RM24.4m from listing on ACE Market
KUALA LUMPUR: Ready-to-assemble furniture products designer and manufacturer Spring Art Holdings Berhad expects to raise RM24.42mil as it seeks to list on the ACE Market of Bursa Malaysia Securities.