KUALA LUMPUR: Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz told the High Court here that former AmBank CEO Ashok Ramamurthy had attempted to conceal his wrongdoings in the 1Malaysia Development Bhd (1MDB) financial scandal. She claimed that Ashok, an Australian, had "every reason" to say something against her for this purpose to cover...
KUALA LUMPUR: The High Court was told that the Malaysian Anti-Corruption Commission (MACC) chief commissioner and the Attorney General were replaced when the investigation into corruption involving 1Malaysia Development Bhd (1MDB) took place. MACC senior officer Nur Aida Ariffin, who is the investigating officer of the probe, testified that there was a change in the two...
NEW YORK (Reuters): A US judge on Monday (May 6) formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1MDB after it met its obligations and paid US$2.9bil (RM13.7bil) in penalties. Chief Judge Margo Brodie of the federal court in Brooklyn dismissed a bribery...
PUTRAJAYA: The four Buggati Veyron supercars seized by German authorities recently are believed to have links with three individuals, one of whom is Jho Low. It is learnt that investigators believe one of the supercars belong to the fugitive businessman. "If the Malaysian Anti-Corruption Commission (MACC) can get a response from German authorities, then investigators' suspicions can...
KUALA LUMPUR: Datuk Seri Najib Tun Razak believed that the shell company, Blackstone Asia Real Estate Partners, that received millions in funds from 1Malaysia Development Berhad (1MDB) which subsequently flowed into his personal bank account, was either controlled or owned by the government of Saudi Arabia, the High Court heard yesterday. Malaysian Anti-Corruption Commission (MACC) investigating...
KUALA LUMPUR: The High Court here was told that Datuk Seri Najib Razak never directed 1Malaysia Development Bhd (1MDB) to transfer US$1.03bil to a company linked to fugitive businessman Low Taek Jho, also known as Jho Low. Malaysian Anti-Corruption Commission (MACC) senior officer Nur Aida Arifin said 1MDB’s top management was responsible for the transactions between...
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...
