Results for "1MDB"

KUALA LUMPUR, Aug 27 — Former 1Malaysia Development Berhad (1MDB) chief executive officer Datuk Shahrol Azral Ibra...

The former CEO of 1Malaysia Development Berhad (1MDB), Datuk Shahrol Azral Ibrahim Halmi, has denied allegations of making a deal with the late lead prosecutor Sri Ram to testify in the company's favor.

Malaysia's successful issuance of a US$1.5 billion global sukuk is being interpreted by markets as a sign that the country has moved past the 1MDB scandal, though some analysts suggest this is only part of the story.

Lembaga Tabung Haji (TH) incurred a loss of RM145.3 million from its investment in Putrajaya Perdana, which was linked to the 1MDB scandal.

A financial fraud investigator testified in the High Court that he did not check if US$620 million returned by Najib was rerouted in the 1MDB case.

The Malaysian Finance Ministry has affirmed that funds from the Asset Recovery Trust Account are being used strictly to meet 1MDB and SRC debt obligations.

Malaysia has denied a report by news portal Sarawak Report, which claimed that fugitive financier Jho Low secretly entered the country last year as part of a Chinese delegation to negotiate debts linked to the 1MDB scandal.

The Dewan Rakyat (Malaysian Parliament) is set to address critical issues today, including the ongoing 1Malaysia Development Bhd (1MDB) debt and the country’s renewable energy initiatives.

A judge in the 1MDB case has commented that former Prime Minister Datuk Seri Najib Razak's reaction to the US$681 million (RM2.08 billion) deposited into his account was not that of a reasonable person.

A High Court judge presiding over Datuk Seri Najib Razak's 1MDB criminal trial issued an 809-page judgment, describing the scale of the 1MDB looting as so immense it made 'Attila the Hun look like a choirboy'.

A Singapore court has granted winding up bids for three entities connected to the 1MDB scandal, according to liquidators involved in the case.

The article provides details about Jho Low, who is alleged to be the mastermind behind the extensive 1MDB financial scandal.

The National Art Gallery in Kuala Lumpur is making meticulous preparations to receive four international masterpieces acquired with funds linked to the 1MDB scandal.

Malaysia's anti-graft agency has pledged to intensify efforts to recover additional high-value art pieces that were allegedly purchased with funds embezzled from the 1MDB scandal.

The Malaysian Anti-Corruption Commission (MACC) has successfully obtained a prohibition order on the transfer of RM6.7 million in funds linked to the 1MDB scandal.

A High Court hearing revealed that police found hundreds of millions of ringgit in cash and jewellery in overfilled luggage bags during a raid on a luxury condominium linked to the 1Malaysia Development Bhd (1MDB) investigation.

During a court hearing related to the 1MDB scandal, a witness testified that the amount of jewellery found during a raid was so extensive it was impossible to itemise. This detail underscores the scale of assets involved in the high-profile corruption case.

The Kuala Lumpur High Court has scheduled May 7 to hear Datuk Seri Najib Razak's application for a stay on his SRC International payment and to decide on associated costs.

A Malaysian court has ordered former Prime Minister Najib Razak to pay $1.3 billion to a unit of the state fund 1MDB, marking a significant development in the ongoing financial scandal.

Standard Chartered and BSI banks have lost a court bid in Singapore related to claims stemming from the 1MDB scandal, marking a development in the ongoing legal repercussions of the Malaysian state fund controversy.

Legal representatives in Kuala Lumpur have requested judicial intervention to compel the former chief executive of 1Malaysia Development Berhad to provide answers during ongoing high-profile hearings.

Former 1MDB CEO Datuk Shahrol Azral has denied that Jho Low acted as Prime Minister, insisting that Najib Razak was briefed indirectly regarding the 1MDB scandal.

1Malaysia Development Berhad (1MDB) has reached a settlement to drop its civil suit against former chief financial officer Radhi Mohamad. However, the trial will proceed for former Prime Minister Najib Razak and five other individuals.

An offshore asset recovery specialist testified in the High Court that she was unsure if Jho Low was the 'number one' figure but confirmed that Najib Razak received 1MDB funds.

The High Court is hearing arguments in the trial of Najib Razak, focusing on the alleged betrayal of the public through a US$5.64 billion fraud involving 1MDB. The proceedings detail the accusations against the former Prime Minister.

The High Court in Kuala Lumpur has scheduled June 28 next year to begin the trial of a lawsuit filed by 1MDB. The suit seeks to freeze assets related to RM1.41 billion in luxury goods allegedly purchased by Rosmah Mansor.

A senior Malaysian lawmaker denied reports that fugitive businessman Jho Low, implicated in the 1MDB scandal, had entered the country for talks with a Chinese delegation.

Malaysian Prime Minister Anwar Ibrahim stated that Malaysia will continue its legal pursuit of fugitive financier Jho Low, the alleged mastermind behind the 1MDB scandal, even if he were to receive a US presidential pardon.

The judge who convicted former Malaysian Prime Minister Najib Razak in the 1MDB scandal stated that the fund's plunder was so vast it overshadowed the exploits of Attila the Hun.

Former Malaysian Prime Minister Datuk Seri Najib Razak has filed an application to introduce fresh evidence in his ongoing legal efforts to overturn his 1MDB conviction.

The Malaysian Prime Minister has publicly declared that there will be no pardon granted for Jho Low, a central figure in the 1MDB scandal.

The Malaysian Anti-Corruption Commission (MACC) is aiming to recover close to RM8 billion in remaining 1MDB assets, having already reclaimed nearly 75 percent.

PUTRAJAYA, May 6 — The Malaysian Anti-Corruption Commission is seeking to recover seven more high-value artworks b...

Malaysian anti-corruption authorities have traced over RM150 million (approximately $31.7 million USD) in assets linked to former 1Malaysia Development Berhad (1MDB) lawyer Jasmine Loo in Switzerland.

Four high-value artworks, including a Picasso painting, linked to the 1MDB scandal are set to be repatriated to Malaysia on April 6 with US cooperation, with more still under recovery and possible public display planned.

Malaysia’s anti-corruption investigation into a flagship chip-design deal with Britain’s Arm Holdings took a more combustible turn on Thursday after a former government aide declared: “I am not Jho Low 2.0.” The remark – invoking the fugitive financier at the centre of Malaysia’s 1MDB scandal – came as the country’s anti-corruption agency pushed back against his claims and allies of Prime Minister Anwar Ibrahim warned the investigation risked appearing heavy handed. The dispute has dragged on...

Former 1MDB chief executive officer Datuk Shahrol Azral has testified in court that he was unaware of why 1MDB accused him of fraud in a separate lawsuit.

Datuk Shahrol Azra, the former CEO of 1Malaysia Development Berhad (1MDB), has stated that there is no deal in place for him to escape a US$5.64 billion civil suit. He also mentioned that no explanation was provided regarding the matter.

The Court of Appeal in Malaysia has granted an appeal by UK law firm White & Case LLP, stating that Malaysia is not the appropriate forum for the 1MDB suit against the firm.

The High Court in Kuala Lumpur heard today that the Auditor-General's interim report on 1MDB had excluded former Prime Minister Najib Razak's personal bank accounts.

The Malaysian Anti-Corruption Commission (MACC) has launched 81 investigation papers into alleged false claims totaling RM9 million under Socso's Daya Kerjaya 2.0 program.

Malaysia's government remains responsible for over RM20 billion of 1MDB's debt if it fails to recover the funds. This statement highlights the ongoing financial burden from the scandal.

Singapore's High Court has upheld a lower court's decision, refusing Standard Chartered's bid to strike out a US$2.7 billion claim linked to the 1MDB scandal.

A judge explained that Najib Razak's lack of remorse and his role in siphoning 1MDB money were key factors in determining his jail and RM13 billion sentence.

The High Court in Kuala Lumpur partially allowed an application by former Prime Minister Datuk S. Najib Razak for access to 1MDB documents in a US$8 billion lawsuit.

The United States Department of Justice has obtained a court order to forfeit a luxury apartment in New York, allegedly purchased with funds from the 1MDB scandal and tied to Jho Low’s personal assistant.

Malaysian police are investigating claims that fugitive financier Jho Low, wanted in connection with the 1MDB scandal, secretly returned to Kuala Lumpur for meetings.

Malaysian Communications Minister Datuk Fahmi Fadzil has reiterated that fugitive financier Jho Low must be brought to justice in Malaysia concerning the 1MDB financial scandal.

Malaysia publicly displayed recovered 1MDB masterpieces for the first time and announced that the total assets recovered from the 1MDB scandal have reached RM31.3 billion, ranking among the world's highest.

The Malaysian Anti-Corruption Commission (MACC) has secured a prohibitory order to block RM6.7 million in transactions in Barbados as it expands its global search for assets linked to the 1MDB scandal.

Malaysia has successfully brought home several high-value art pieces, including a Picasso, that were seized as part of the ongoing 1MDB corruption probe. These four pieces of art have been safely returned to the country.

Four of 12 paintings linked to the 1Malaysia Development Berhad (1MDB) misappropriation have arrived in Malaysia. The arrival of the US$30 million art haul was kept secret for security reasons, according to officials.

Malaysian authorities have confirmed the sale of a Claude Monet painting connected to the 1Malaysia Development Berhad (1MDB) scandal, with the proceeds expected to be repatriated to Malaysia.

Four artworks by renowned artists, including a Picasso drawing, are set to arrive in Malaysia on April 6 as part of the ongoing recovery efforts related to the 1MDB scandal.

Shades of 1MDB? How Malaysia’s anti-graft champions lost their voice  The Straits Times