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Amicorp Group to dispute $1 billion legal claim by Malaysia's 1MDB for alleged fraud

Amicorp Group to dispute $1 billion legal claim by Malaysia's 1MDB for alleged fraud

Amicorp in a statement late on Monday said it would defend itself and challenge the effort by sovereign wealth fund 1Malaysia Development Berhad.
Tue Dec 24 2024
High Court to deliver key decision in Najib's 1MDB case today

High Court to deliver key decision in Najib's 1MDB case today

Datuk Seri Najib Tun Razak faces charges related to funds from 1Malaysia Development Berhad.
Wed Oct 30 2024
1MDB trial: Four countries did not cooperate with request to record conversations - witness

1MDB trial: Four countries did not cooperate with request to record conversations - witness

A witness said Switzerland, Barbados, Hong Kong and the Netherlands did not provide any responses or feedback to assist in 1MDB investigations.
Mon Feb 26 2024
Law firm seeks 1MDB's consent to disclose documents linked to 1MDB settlement

Law firm seeks 1MDB's consent to disclose documents linked to 1MDB settlement

Rosli Dahlan Saravana Partnership (RDS) has written to the 1Malaysia Development Berhad (1MDB) seeking the company's consent to provide the Malaysian Anti-Corruption Commission (MACC) with some of the
Tue Oct 17 2023
1MDB audit tampering case, Najib and Arul Kanda to know fate tomorrow

1MDB audit tampering case, Najib and Arul Kanda to know fate tomorrow

The High Court here will decide tomorrow on whether Datuk Seri Najib Tun Razak and former 1Malaysia Development Berhad (1MDB) chief executive officer Arul Kanda Kandasamy to enter defence or willJusti
Thu Mar 02 2023
Law firm withdraws from representing Jho Low's mother in 1MDB suit

Law firm withdraws from representing Jho Low's mother in 1MDB suit

A law firm today withdrew itself from representing the mother of fugitive businessman Low Taek Jho, better known as Jho Low, in the US$3.7837 billion suit filed by 1Malaysia Development Berhad (1MDB).
Wed Nov 30 2022
Banker confirms Ambank paid RM2.83 bln to M'sian govt over 1MDB scandal

Banker confirms Ambank paid RM2.83 bln to M'sian govt over 1MDB scandal

A banker told the High Court today that AmBank had paid a RM2.83 billion settlement to the government of Malaysia over the 1Malaysia Development Berhad (1MDB) scandal.
Tue Sep 27 2022
Lawyer tests positive for COVID-19, prosecution's application to call Arul Kanda as witness to be heard on June 14

Lawyer tests positive for COVID-19, prosecution's application to call Arul Kanda as witness to be heard on June 14

The hearing of the prosecution's application to call Arul Kanda Kandasamy as a witness in the 1Malaysia Development Berhad (1MDB) audit report tampering trial has been postponed again.
Fri Jun 03 2022
1MDB wanted to recover US$2.3 bln invested in overseas investment company - Witness

1MDB wanted to recover US$2.3 bln invested in overseas investment company - Witness

The High Court here today was told that 1Malaysia Development Berhad (1MDB) wanted to recover the US$2.3 billion invested in Bridge Global Absolute Return Fund SPC.
Wed May 11 2022
Parliament: Anwar's motion to discuss 1MDB scandal to be heard in special chamber

Parliament: Anwar's motion to discuss 1MDB scandal to be heard in special chamber

The motion will be heard in the Special Chamber today.
Tue Mar 01 2022
Najib seeks to set aside Mareva injunction over asset freeze

Najib seeks to set aside Mareva injunction over asset freeze

Former Prime Minister Datuk Seri Najib Tun Razak has filed an application to set aside the Mareva injunction obtained by 1Malaysia Development Berhad (1MDB).
Tue Feb 22 2022
I have no position in 1MDB, says Jho Low in defence statement against lawsuit

I have no position in 1MDB, says Jho Low in defence statement against lawsuit

Fugitive businessman Low Taek Jho or Jho Low has defended himself that he has no position or any fiduciary duty in 1Malaysia Development Berhad (1MDB) and its four subsidiaries.
Fri Jan 28 2022
Najib's 1MDB trial vacated as no prosecution witnesses turn up to testify

Najib's 1MDB trial vacated as no prosecution witnesses turn up to testify

Najib Razak's 1Malaysia Development Berhad (1MDB) trial this afternoon has been vacated after the High Court was informed that no prosecution witnesses will turn up to testify.
Thu Jan 06 2022
1MDB: Witness sick, prosecution ordered to get other witnesses, trial continues at 2.30 pm

1MDB: Witness sick, prosecution ordered to get other witnesses, trial continues at 2.30 pm

The 12th prosecution witness, who was supposed to continue to testify today, was down with fever.
Thu Jan 06 2022
I did not destroy the original copy of 1MDB report, says former Auditor-General

I did not destroy the original copy of 1MDB report, says former Auditor-General

Madinah decided not to destroy the report after being informed that there were two versions of the report.
Wed Dec 22 2021
US military plane deporting Indian immigrants lands in India

US military plane deporting Indian immigrants lands in India

The Trump administration has increasingly turned to the military to help carry out its immigration agenda.
Wed Feb 05 2025
Trump's Gaza plan for 'Riviera of the Middle East' triggers international condemnation

Trump's Gaza plan for 'Riviera of the Middle East' triggers international condemnation

Countries from Russia, China, Spain, Ireland and the UK say they continue to support the two-state solution.
Wed Feb 05 2025
US Postal Service suspends inbound parcels from China, Hong Kong

US Postal Service suspends inbound parcels from China, Hong Kong

Trump's crackdown on de minimis would make the products sold by the likes of Shein and Temu more expensive.
Wed Feb 05 2025
US plan to take over Gaza: Malaysia's stance on Palestine unchanged - PM

US plan to take over Gaza: Malaysia's stance on Palestine unchanged - PM

Datuk Seri Anwar Ibrahim says Malaysia's stance remains the same as that of other Islamic countries.
Wed Feb 05 2025
US freezes funding for security mission tackling Haiti's gangs

US freezes funding for security mission tackling Haiti's gangs

More than $13 million in US funding for an international security force helping fight armed gangs in Haiti has been frozen, the UN says.
Wed Feb 05 2025
Over 40,000 civil servants at high risk of mental health issues - Zaliha

Over 40,000 civil servants at high risk of mental health issues - Zaliha

A total of 44,901 civil servants were screened under Public Service Psychological Health Digital Profiling System, says Dr Zaliha Mustafa.
Wed Feb 05 2025
India's Modi takes 'holy dips' at Maha Kumbh, week after stampede killed dozens

India's Modi takes 'holy dips' at Maha Kumbh, week after stampede killed dozens

Security personnel stood in the water nearby while thousands of people crowded the banks to watch the prime minister perform the rituals.
Wed Feb 05 2025
Philippine Congress endorses impeachment complaint against vice president

Philippine Congress endorses impeachment complaint against vice president

Vice President Sara Duterte would be the Philippines' second most senior official to face removal from office.
Wed Feb 05 2025
What is a sovereign wealth fund?

What is a sovereign wealth fund?

Sovereign wealth funds are investment vehicles owned by countries.
Wed Feb 05 2025
[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism

[COLUMNIST] Rising above Trump tariffs: How a resilient global economy outlasts US protectionism

The current alarm over Trumps tariff threats overlooks a key point: global markets are resilient and adaptable.
Wed Feb 05 2025