Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
KUALA LUMPUR: A subsidiary of 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd, was a victim of a large-scale, multi-jurisdictional fraud orchestrated by Datuk Seri Najib Razak, the High Court heard. SRC’s lawyer Datuk Lim Chee Wee said that instead of serving the rakyat, the company became a vehicle manipulated by the former premier to procure...
KUALA LUMPUR: A Malaysian Anti-Corruption Commission (MACC) senior superintendent told the High Court that four countries did not cooperate when she applied to record conversations of bank witnesses in connection with the investigation into corruption and money laundering involving RM2.3bil of funds belonging to 1Malaysia Development Berhad (1MDB), which is linked to Datuk Seri Najib...
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo told the High Court that she became a fugitive for five years after Low Taek Jho, or Jho Low, swore to make her life "a living hell" if she returned to Malaysia. In an explosive testimony, the 50th prosecution witness finally told her tale of...
KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) general counsel Jasmine Loo Ai Swan told the High Court here on Tuesday (Feb 13) that she once worked at UBG Berhad, a company owned by fugitive businessman Low Taek Jho or Jho Low, with a monthly salary of about RM45,000, including vehicle allowance, fuel allowance, and travel...
KUALA LUMPUR: Datuk Seri Najib Razak is accountable for his every action as the prime minister, finance minister and chairman of the board of advisors of 1Malaysia Development Bhd (1MDB), the High Court was told on Friday (Jan 26). Malaysian Anti-Corruption Commission (MACC) senior officer Nur Aida Arifin testified that Najib, or the 1MDB management, had...
PETALING JAYA: The government has not made any decision regarding the request by former prime minister Datuk Seri Najib Razak to instruct the streaming application service, Netflix, to take down and prohibit the screening of the documentary 'Man on the Run.' Communications Minister Fahmi Fadzil said this was because it involved an ongoing court case. "Some initial...
KUALA LUMPUR: The prosecution in Datuk Seri Najib Tun Razak's trial on Monday (Dec 18) told the High Court here that 1Malaysia Development Berhad's (1MDB) former general counsel Jasmine Loo Ai Swan would be called to testify in the case. Deputy public prosecutor Ahmad Akram Gharib said the prosecution is planning to call Loo after taking...
KUALA LUMPUR: Bank Negara Malaysia (BNM) analyst Adam Ariff Mohd Roslan colluded with the Malaysian Anti-Corruption Commission (MACC) when he made his report on 1Malaysia Development Bhd’s (1MDB) money trails, Tan Sri Muhammad Shafee Abdullah claimed at the High Court here. The lead counsel of Datuk Seri Najib Razak made the allegation at the latter’s trial...
