Najib denies pressuring 1MDB to ally with PetroSaudi through phone call

PUTRAJAYA: Former prime minister Datuk Seri Najib Razak has denied exerting his influence through a phone call to pressure 1Malaysia Development Bhd (1MDB) into entering a joint venture with PetroSaudi International (PSI) in 2009. The High Court in Putrajaya was told of a phone call made by fugitive businessman Low Taek Jho to Najib. During the call,...

Lengthy jail terms sought in Swiss US$1.8bil 1MDB fraud case

Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...

Lengthy jail terms sought in Swiss US$1.8bil 1MDB fraud case

Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...