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...
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...
