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Swiss court convicts two executives over $1.8 billion 1MDB fraud

Swiss court convicts two executives over $1.8 billion 1MDB fraud

Prosecutors alleged the duo helped set up joint venture with 1MDB by falsely claiming their company, PetroSaudi, was backed by Saudi Arabia.
Thu Aug 29 2024
Malaysia's state fund 1MDB sues PetroSaudi executive, seeking US$1.83 bln

Malaysia's state fund 1MDB sues PetroSaudi executive, seeking US$1.83 bln

1MDB alleged that PetroSaudi Chief Investment Officer Patrick Mahony aided several individuals to misappropriate its funds.
Fri May 24 2024
Jasmine Loo formerly worked for Jho Low, monthly salary RM45,000

Jasmine Loo formerly worked for Jho Low, monthly salary RM45,000

Former 1MDB general counsel Jasmine Loo told the High Court that she once worked at UBG Berhad, a company owned by fugitive businessman Low Taek Jho.
Tue Feb 13 2024
Najib never lodged complaint regarding misappropriation of 1MDB funds - Investigating officer

Najib never lodged complaint regarding misappropriation of 1MDB funds - Investigating officer

Datuk Seri Najib Tun Razak is accountable for his actions as PM, Minister of Finance and Chairman of 1MDB Advisory Board.
Fri Jan 26 2024
1MDB trial: Talks on diplomatic joint ventures did not go through formal channel - Witness

1MDB trial: Talks on diplomatic joint ventures did not go through formal channel - Witness

The discussion did not involve high-ranking govt officials, even though the govt had to bear the loans with issuance of full guarantees.
Fri Jan 05 2024
Researchers use cloud to replicate supercomputer for heart disease study

Researchers use cloud to replicate supercomputer for heart disease study

The study aims to dissolve blood clots and tumor cells in the human circulatory system that required an enormous amount of computing power.
Sat Aug 19 2023
Sarawak to be aggressive, but responsible in utilising resources

Sarawak to be aggressive, but responsible in utilising resources

Resources like oil and gas needed to be made use of as Sarawak needs to expand its economy and shake off the tag of a "rich but poor state".
Thu Oct 20 2022
Najib had decision-making power in 1MDB, not me, says Ahmad Husni

Najib had decision-making power in 1MDB, not me, says Ahmad Husni

Ahmad Husni said this was evident when Najib went ahead with the 1MDB joint-venture project with PetroSaudi despite the concerns raised.
Thu Jun 23 2022
No sanctions against transfer of 1MBD funds to Petrosaudi  - Witness

No sanctions against transfer of 1MBD funds to Petrosaudi - Witness

A bank officer told the High Court that the bank she worked for found no sanctions against the US$10 million transfer from 1MDB to Petrosaudi International Ltd (PSI) in May 2011.
Thu Jun 09 2022
Najib told me not to interfere in 1MDB matters - Ahmad Husni

Najib told me not to interfere in 1MDB matters - Ahmad Husni

"Husni, I don't want you to get involved and interfere about (sic) 1MDB". That was what Najib Razak told former Second Finance Minister Ahmad Husni Hanadzlah.
Tue Jun 07 2022
Ismee did not quit 1MDB because he had confidence in Najib's leadership, court told

Ismee did not quit 1MDB because he had confidence in Najib's leadership, court told

The court heard that the US$1.58 billion was used for unspecified "foreign investments".
Thu Apr 07 2022
1MDB gets permission to serve writ of summons to six parties overseas

1MDB gets permission to serve writ of summons to six parties overseas

Judicial Commissioner (JC) Quay Chew Soon allowed the 1MDB's application for leave to serve the writ out of jurisdiction against them.
Fri Oct 15 2021
Hearing of US$340 mln 1MDB-linked suit postponed, prosecution awaits response from UK law firm

Hearing of US$340 mln 1MDB-linked suit postponed, prosecution awaits response from UK law firm

The hearing of the government's application to block PSI and its director from using over US$340 million linked to 1MDB has been postponed.
Fri Oct 08 2021
1MDB requests permission to serve writ of summons to six parties overseas

1MDB requests permission to serve writ of summons to six parties overseas

1Malaysia Development Berhad (1MDB) has filed an application for permission to issue and serve the writ of summons filed by the company against six parties, including two overseas banking firms.
Thu Sep 02 2021
1MDB, M'sian govt sue KPMG for US$5.6 billion

1MDB, M'sian govt sue KPMG for US$5.6 billion

The government of Malaysia, Minister of Finance Inc (MoF Inc), 1Malaysia Development Berhad (1MDB) and four of its subsidiaries have filed a suit against 44 partners of accounting firm KPMG.
Fri Jul 09 2021
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'

Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'

The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Sat Oct 19 2024
Putin says Russia willing to seek compromises between Iran and Israel

Putin says Russia willing to seek compromises between Iran and Israel

Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
Sat Oct 19 2024
What proposals will Russia push at the BRICS summit?

What proposals will Russia push at the BRICS summit?

The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Sat Oct 19 2024
Indonesia's free meals plan in the spotlight as Prabowo readies for office

Indonesia's free meals plan in the spotlight as Prabowo readies for office

Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Sat Oct 19 2024
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21

Astro AWANI's revamped English news website, AWANI International, launches on Oct 21

Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Sat Oct 19 2024
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Sat Oct 19 2024
Liam Payne's ex-partner calls for media restraint after 'painful' death

Liam Payne's ex-partner calls for media restraint after 'painful' death

Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Sat Oct 19 2024
Analysts: Indonesia's strong MoF leadership team to boost investor confidence

Analysts: Indonesia's strong MoF leadership team to boost investor confidence

Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Sat Oct 19 2024
Biden offers both a carrot and a stick to Israel as his term nears an end

Biden offers both a carrot and a stick to Israel as his term nears an end

Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Sat Oct 19 2024
Putin says BRICS will generate most of global economic growth

Putin says BRICS will generate most of global economic growth

Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
Sat Oct 19 2024