1MDB


IGP: We have new leads on Jho Low's whereabouts

PASIR MAS (Bernama): Police have obtained new leads on the whereabouts of Low Taek Jho, better known as Jho Low, says Inspector-General of Police Datuk Seri Abdul Hamid Bador.

Tabung Harapan funds to repay portion of 1MDB's debts

PUTRAJAYA (Bernama): Tabung Harapan Malaysia's (THM) entire funds amounting to RM203.29mil will be used to settle a portion of 1Malaysia Development Bhd's (1MDB) 2019 debt amounting to RM1.7bil, says Lim Guan Eng.

Ihsan Perdana’s MD unaware who the recipient of RM42mil was

KUALA LUMPUR: Some RM42mil was deposited into Datuk Seri Najib Razak’s private bank accounts in 2014 and 2015 from Ihsan Perdana Sdn Bhd but the company’s managing director was unaware about who the recipient was.

Key witness: Dr Shamsul (centre) leaving the witness room following his testimony at the high Court in Kuala Lumpur.

‘KWAP not bound to instructions from third parties’

KUALA LUMPUR: The investment panel of the Retirement Fund Incorporated (KWAP) was not bound to instructions from third parties, including the prime minister and finance minister, in any loan application, the High Court heard.

Singapore's MAS says made timely, relevant and adequate disclosures on 1MDB

SINGAPORE: Monetary Authority of Singapore has made timely, relevant and adequate disclosures of its regulatory findings and actions relating to the 1MDB investigations, the regulator says on its website.

Monetary Authority of Singapore has made timely, relevant and adequate disclosures of its regulatory findings and actions relating to the 1MDB investigations, the regulator says.

US charges Jho Low, ex-Fugees rapper, over funding in 2012 election

The U.S. Justice Department announced on Friday it had charged former Fugees rapper Prakazrel “Pras” Michel and wealthy Malaysian businessman Low Taek Jho, popularly known as "Jho Low," for conspiring to steer illegal foreign campaign funds into the 2012 presidential election

According to the unsealed indictment, between June 2012 and November 2012, Jho Low(file pic) directed the transfer of approximately $21.6 million from foreign entities and accounts to Michel to be funneled into the U.S. election while disguising it as legitimate campaign contributions.  The indictment did not reveal the identity of the presidential candidate.

1MDB issues would have been less severe if tackled years ago, Anwar says in 'spicy' interview

PETALING JAYA: If the 1Malaysia Development Berhad (1MDB) issue was tackled years ago, it would not be as severe as it is now, says Datuk Seri Anwar Ibrahim.

Malaysia weighs legal action against Goldman over 1MDB deals

KUALA LUMPUR: The government will take legal action against Goldman Sachs Group Inc. over the “too high” fees charged by the bank when it arranged bond sales for troubled state fund 1MDB.

Prime Minister Tun Dr Mahathir Mohamad is awaiting a response from the bank and seeks to recoup funds believed to be lost through 1MDB.

Repatriated assets to be used to pay off 1MDB debt

PETALING JAYA: The government will use the repatriated US$322mil (RM1.3bil) in 1Malaysia Development Bhd assets from the US Department of Justice (DOJ) and S$50mil (RM152mil) from Singapore to repay 1MDB debts of RM51bil, said Finance Minister Lim Guan Eng.

Najib to challenge forfeiture action

KUALA LUMPUR: A challenge will be made against two civil applications brought by the government to forfeit RM133mil in cash, jewellery and other luxury items seized from Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and 16 others, which were said to have been bought using money from 1Malaysia Development Bhd (1MDB).