SHAH ALAM: All the 230 money laundering cases, involving more than RM24.1mil, facing GISB Sdn Bhd (GISB) chief executive officer Nasiruddin Mohd Ali and three former accountants, will be jointly heard before Sessions Court Fatimah Zahari. Judge Awang Kerisnada Awang Mahmud (Criminal Sessions Court 2) made the order after allowing an application by the prosecution for all the cases,...
PUTRAJAYA: Datuk Seri Najib Razak’s graft trial involving RM2.28bil linked to 1Malaysia Development Bhd (1MDB) has concluded after 10 days of final submissions. The hearing wrapped up on Tuesday after both parties completed their submissions. At the end of proceedings, the court was informed that minor issues still needed to be addressed in written submissions, as...
Qian Zhimin, 47, reportedly used her charm to win over officials and investors while masterminding one of China’s biggest cryptocurrency frauds. When Chinese national Qian Zhimin pleaded guilty on September 29 in the UK court to a Bitcoin money laundering case, scamming close to 28.3bil yuan (S$5.1bil), few batted an eyelid. Another scam, another day, right? However, when...
KUALA LUMPUR: The High Court hears that Datuk Seri Najib Razak returned US$620mil of unutilised funds from a donation to the source with Bank Negara’s approval. Najib told the Court that the funds he received were used for political and social welfare purposes and stressed that he did not hold any offshore accounts. "Equally shocking is that...
KUANTAN: The Pahang Malaysian Anti-Corruption Commission (MACC) has nabbed another Musang King durian orchard operator on suspicion of money laundering involving hundreds of thousands of ringgit. The suspect is believed to have acquired, received, possessed, transferred and used money derived from durian cultivation on land with forest reserve status and state-owned land in a district in...
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has obtained a court order to block transactions involving US$115.3mil or about RM486.4mil kept in three Swiss bank accounts under the name of Prince Turki Abdullah Abdulaziz Al-Saud. In a statement on Friday (Oct 10), MACC said the restraining order was granted by the Kuala Lumpur High Court to...
KUALA LUMPUR: More than RM169mil of monies in various currencies, linked to former prime minister Datuk Seri Ismail Sabri Yaakob, has been forfeited by the government. Sessions Court judge Suzana Hussin made the order of forfeiture after allowing the application by the government. Earlier, DPP Mahadi Abdul Jumaat informed the court that no third party has come...
PETALING JAYA: Five suspects have been arrested by the Malaysian Anti-Corruption Commission (MACC) after they allegedly profited from the illegal cultivation of durian orchards and money laundering. Sources said that the five, who are settlers, had also profited from their durian plantation activities on forest reserves and government land within Pahang. The settlers were arrested on Monday...
BUTTERWORTH: The Malaysian Anti-Corruption Commission (MACC) has seized various assets estimated to be worth over RM183mil following raids on a scrap metal smuggling syndicate. The raids, carried out in five states—Penang, Selangor, Negri Sembilan, Johor, and Kedah—began on Monday (July 14) and progressed across various factories on Tuesday (July 15). According to the MACC, the raids were...
PETALING JAYA: The prosecution has filed a notice of appeal against the acquittal of Muar MP Syed Saddiq Syed Abdul Rahman on corruption and money laundering charges. The notice was filed on Thursday (June 26), as stated in a release by the Attorney-General's Chambers. The intended appeal challenges the Court of Appeal's decision to set aside the...
