Ex-AmBank CEO tried to cover up misconduct, says Zeti

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...

1MDB suit: Arul Kanda files RM56.7mil counterclaim over wrongful termination

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...

Former MBI Kedah CEO charged with graft in REE mining joint venture

ALOR SETAR: A former Kedah Mentri Besar Incorporated (MBI Kedah) chief executive officer pleaded not guilty in the Sessions Court here Monday (Nov 20) to charges of soliciting and accepting gratification in connection with a rare earth element (REE) mining joint venture in the state. Muhamad Sobri Osman, 63, entered the plea after the charges were...