KUALA LUMPUR: Former president and chief executive officer of 1Malaysia Development Berhad (1MDB), Arul Kanda Kandasamy (pic), has filed a counterclaim of RM56.7mil for alleged wrongful termination of his contract. Arul Kanda, as the first defendant in a lawsuit brought by 1MDB, filed the counterclaim in the High Court here on Nov 17 through Messrs Sanjay Mohan. Based...
KUALA LUMPUR: The prosecution in Datuk Seri Najib Tun Razak's 1Malaysia Development Berhad (1MBD) trial told the High Court here that Bank Negara analyst Adam Ariff Mohd Roslan's testimony on the flow of money in 1MDB was based on his analysis on the former premier's bank statements as well as other documentation. Deputy Public Prosecutor Ahmad...
NEW YORK: Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund, will be returned to that country, where he faces related charges. Chief US District Judge Margo Brodie in Brooklyn on Thursday (Oct 5) ordered Ng's...
KUALA LUMPUR: An analyst from Bank Negara Malaysia (BNM) told the High Court here on Tuesday (Sept 19) that a personal account belonging to Datuk Seri Najib Tun Razak received US$30mil from a shell company, Blackstone Asia Real Estate Partners, purportedly set up by fugitive businessman, Low Taek Jho or Jho Low. Adam Ariff Mohd Roslan,...
NEW YORK: Malaysia wants a former Goldman Sachs banker convicted last year in New York of helping loot billions of dollars from its 1MDB sovereign wealth fund to return to the country before starting his 10-year US prison sentence. US District Judge Margo Brodie in Brooklyn on Tuesday delayed Roger Ng's scheduled Sept 6 surrender date...
KUALA LUMPUR: Former Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz on Monday (Aug 28) revealed at the High Court here that the central bank had in fact recommended a penalty amounting to RM23mil against 1Malaysia Development Berhad (1MDB) but the Attorney-General (AG) then reduced the fine to RM15mil. The 76-year-old witness said, in order...
PUTRAJAYA: Former prime minister Datuk Seri Najib Razak has failed in his bid to stay his ongoing 1Malaysia Development Berhad (1MDB) trial in the High Court pending disposal of his appeal to recuse trial judge Collin Lawrence Sequerah. This followed a decision by the Court of Appeal's three-member panel of judges comprising Justice Hadhariah Syed Ismail,...
KUALA LUMPUR: Datuk Seri Najib Razak has failed to recuse Justice Collin Lawrence Sequerah from presiding over his RM2.28bil 1Malaysia Development Berhad (1MDB) trial after the former prime minister’s recusal application was dismissed. Justice Sequerah, in his decision, said Najib did not succeed in proving the burden of real danger of bias. On July 26, Justice Sequerah...
KUALA LUMPUR: Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz told the High Court that the central bank took seven years to discover that some US$700mil from 1Malaysia Development Bhd (1MDB) coffers were diverted to Good Star Ltd, a company linked to Low Taek Jho or Jho Low. Zeti said, however, that this span...
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak wants to nullify his RM2.28bil 1Malaysia Development Bhd (1MDB) trial at the High Court. He is also seeking for the court to discharge and acquit him of all 25 charges in the trial. His lead counsel Tan Sri Muhammad Shafee Abdullah informed presiding judge Justice Collin Lawrence Sequerah...
