KUALA LUMPUR: Funds raised from a US$3bil bond issuance purportedly for the development of The Exchange TRX had ultimately been diverted into former Prime Minister Datuk Seri Najib Tun Razak’s bank account, says the judge hearing the 1MDB case. Justice Collin Lawrence Sequerah (now Court of Appeal judge) who heard Najib’s 1MDB case said that the...
KUALA LUMPUR: Fugitive financier Low Taek Jho and Riza Shahriz Abdul Aziz, the stepson of Datuk Seri Najib Razak, were good friends who went on ski trips together, the High Court heard. Jasmine Loo, a former general counsel of 1Malaysia Development Bhd (1MDB), testified that she had first met Riza Shahriz on a ski trip with...
PUTRAJAYA: Datuk Seri Anwar Ibrahim welcomes Datuk Seri Najib Razak’s apology over the 1Malaysia Development Berhad (1MDB) scandal. “Terima baik (well-received),” said the Prime Minister briefly when asked about the former premier's apology by reporters after Friday prayers at Surau Ar-Rahman at Presint 16 in Putrajaya on Friday (Oct 25). On Thursday (Oct 24), Najib apologised to...
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah has failed in his bid to include six other individuals as third parties in the US$6.59bil (RM28.5bil) lawsuit filed against him by 1MDB. High Court Commissioner Raja Ahmad Mohzanuddin Shah Raja Mohzan granted the application of the six individuals to dismiss the...
KUALA LUMPUR: The idea to federalise the Terengganu Investment Authority (TIA) in order to salvage it from its internal strife did not come from Datuk Seri Najib Razak, the High Court was told on Thursday (Aug 22). Instead, it was the then TIA CEO Datuk Shahrol Azral Ibrahim Halmi who was "very eager" about the federalisation...
KUALA LUMPUR: There has never been evidence that showed former prime minister Datuk Seri Najib Razak was at AmIslamic Bank Bhd to commit the crime he is accused of, the High Court here was told. Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah submitted that the prosecution never showed evidence that the former Pekan MP was...
KUALA LUMPUR: There is still no decision on Datuk Seri Najib Razak's representation to the Attorney General’s Chambers (AGC) to drop his three other money laundering charges involving SRC International Sdn Bhd funds amounting to RM27mil, the High Court heard. According to Deputy Public Prosecutor Mohd Ashrof Adrin Kamarul, the status quo on the representation remains. "The...
NEW YORK: Low Taek Jho, the alleged mastermind of the looting of Malaysia’s 1MDB fund, was ordered to forfeit a trio of "flawless” diamonds he bought for his mother that were from the jeweler who’s designed for celebrities like Beyonce and Adele. A federal judge in Los Angeles on Monday ordered the fugitive Malaysian financier, known...
KUALA LUMPUR: Datin Seri Rosmah Mansor is seeking to recuse a High Court judge from hearing a US$346mil lawsuit filed against her by 1Malaysia Development Bhd (1MDB) due to an alleged conflict of interest. The application was filed through Messrs Reza Rahim & Rajivan on Wednesday (June 26). In the application, Rosmah sought Justice Adlin Abdul Majid,...
PETALING JAYA: The United States returns around US$156mil (RM721.4mil) to the Malaysian Government marking the fourth installment of recovered misappropriated funds from the 1Malaysia Development Berhad (1MDB) scandal. US Ambassador to Malaysia Edgard D. Kagan met Prime Minister Datuk Seri Anwar Ibrahim to confirm the handover of funds on June 11, according to a statement by...
