LOS ANGELES: Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for US$39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own "trophy" modern mansions in the hills.
LOS ANGELES (Bloomberg): A vintage French "King Kong" poster, a Jean-Michel Basquiat drawing, and several luxury watches are among the latest haul of returned treasures that were allegedly bought with money stolen from the Malaysian 1MDB state fund.
KUALA LUMPUR: Two credit cards belonging to Datuk Seri Najib Razak were used to spend RM3.3mil in one day at De Grisogono, a Swiss luxury jeweller, in Italy in 2014, the High Court heard.
KUALA LUMPUR: Tan Sri Mohamed Apandi Ali has filed a RM10mil suit against DAP adviser Lim Kit Siang for allegedly defaming him in an article published by news portal Malaysiakini on his alleged involvement in the 1Malaysia Development Bhd (1MDB) scandal.
KUALA LUMPUR: Former attorney general Tan Sri Mohamed Apandi Ali has filed a defamation suit against Lim Kit Siang over his remarks linking him to the 1Malaysia Development Bhd (1MDB) scandal.
KUALA LUMPUR: Yayasan Tun Rahah, a scholarship foundation founded by Datuk Seri Najib Razak’s mother, is looking to settle a dispute with the government over its application to forfeit assets relating to 1Malaysia Development Bhd (1MDB).
KUALA LUMPUR: A total of RM925.1 million of 1MDB-related money has been returned to the government to-date, said Finance Minister Lim Guan Eng.
KUALA LUMPUR: Koperasi Jayadiri Sdn Bhd (Kojadi) has written to the Malaysian Anti-Corruption Commission (MACC) regarding details of a RM15mil grant received from Yayasan 1MDB in 2012 to provide microcredit for youth, says Datuk Seri Dr Wee Ka Siong.
KUALA LUMPUR: A witness told the High Court that nothing tangible had resulted from the RM4bil loaned by the Retirement Fund Inc (KWAP) to SRC International Sdn Bhd.
Justice Department looking into whether German bank violated foreign corruption or anti-money-laundering laws