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...
Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro’s decision to extradite the entrepreneur. According to The Korea Times, the entrepreneur’s defense filed another appeal after Montenegrin authorities decided to extradite Do Kwon in mid-April. The media claim that lawyers want to avoid handing Do Kwon over to U.S. authorities. Kwon’s lawyers prefer to...
KUALA TERENGGANU: A former Terengganu Islamic Religion and Malay Customs Council (Maidam) member and his wife pleaded not guilty in the Sessions Court here on Monday (April 22) to abuse of power and submitting false claims related to the distribution of zakat worth almost RM20,000, from 2019 to 2021. Datuk Mohamad Zahari Harun, 64, and his...
KOTA BHARU: The remand period for the suspect in the shooting case at the Arrivals Hall, Kuala Lumpur International Airport (KLIA) in the early morning of April 14, has been extended by five days. The order to extend the remand, which is effective on Tuesday (April 23) until April 27, was made by Magistrate Ahmad Syafiq...
A former Amazon software engineer Shakeeb Ahmed was sentenced to three years in prison for exploiting smart contracts. The breaches in 2022 resulted in the theft of over $12 million in different cryptocurrencies. The trial was the first-ever sentencing for a cyberattack on smart contracts. Ahmed admitted in December 2023 to manipulating smart contracts. By inserting fraudulent pricing data into the...
FTX Founder Sam Bankman-Fried requested permission to stay in a temporary detention facility in New York City. According to a document submitted to the U.S. District Court, Bankman-Fried’s legal representatives are seeking consent to allow him to stay at the Metropolitan Detention Center in Brooklyn. Since August 2023, Bankman-Fried has been held at this facility. His lawyers argue that...
KUALA LUMPUR: The High Court here ordered FGV Holdings Bhd's former chairman Tan Sri Mohd Isa Abdul Samad and former chief executive officer Datuk Mohd Emir Mavani Abdullah to pay more than RM3.31mil to the company. Judge Datuk Mohd Arief Emran Arifin made the order after allowing a suit filed by FGV against Mohd Isa and...
KUALA TERENGGANU: A teacher and a self-employed man were charged in the Sessions Court here Thursday (March 21) with trafficking a local woman for sexual exploitation. Teacher Mohd Hasfyanizam Mansor, 48, pleaded not guilty to the charge which was read out before Judge Nazlyza Mohamad Nazri. The other accused, Mohamad Fazley Jaafar, 29, however, pleaded guilty after...
KUALA LUMPUR: Tan Sri Muhyiddin Yassin (pic) cannot appeal to the Federal Court over the Court of Appeal’s decision to overturn his acquittal in his RM232.5mil graft case, says a prosecutor. This is because the former prime minister’s case began at the Sessions Court, so the highest avenue of appeal would be the Court of Appeal...
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...
