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1MDB only paid US$2.2 bln to Aabar - Financial fraud investigator

1MDB only paid US$2.2 bln to Aabar - Financial fraud investigator

UK investigator Richard Templeman admitted he didnt raise the US$1 billion discrepancy with the plaintiff (1MDB) before the trial began.
Thu Sep 12 2024
Abu Dhabi's IPIC and Aabar to pay Malaysia $1.8 bln to settle 1MDB dispute

Abu Dhabi's IPIC and Aabar to pay Malaysia $1.8 bln to settle 1MDB dispute

The Abu Dhabi companies, 1MDB and Malaysia's Minister of Finance (Incorporated) had reached a settlement in respect of proceedings.
Mon Feb 27 2023
No initiative taken to probe into fake Aabar entities, court told

No initiative taken to probe into fake Aabar entities, court told

Former 1MDB CFO told the High Court here that he did not take any initiative to investigate the authenticity of two fake entities that received huge funds from 1MDB subsidiary.
Mon Apr 18 2022
Najib proposed 1MDB joint venture with Aabar through Jho Low - Witness

Najib proposed 1MDB joint venture with Aabar through Jho Low - Witness

The High Court was told the joint venture between 1MDB and International Petroleum Co (IPIC) subsidiary, Aabar Investment PJS (Aabar) was proposed by Najib through wanted businessman, Jho Low.
Thu Nov 11 2021
Ex-1MDB CEO Mohd Hazem denies wrongdoing to facilitate Jho Low's plan

Ex-1MDB CEO Mohd Hazem denies wrongdoing to facilitate Jho Low's plan

Former 1MDB CEO, Mohd Hazem Abdul Rahman, denied in the High Court today that he committed any wrongdoing to enable and facilitate Low Taek Jho's plan to misappropriate funds from the company.
Wed Aug 18 2021
Najib approved additional loan of US$975 million to redeem Aabar options - Witness

Najib approved additional loan of US$975 million to redeem Aabar options - Witness

A witness told the court today that he was shocked when the former prime minister approved the loan of US$975 million to buy back 1MDBs shares in Aabar Investment PJS in 2014.
Tue Sep 15 2020
Goldman Sachs freed from 1MDB bond sale charges

Goldman Sachs freed from 1MDB bond sale charges

Goldman Sachs acquitted and discharged from all four charges made against them.
Fri Sep 04 2020
1MDB paid US$681 mln to another fake Aabar, Court told

1MDB paid US$681 mln to another fake Aabar, Court told

The board of directors of the 1Malaysia Development Berhad (1MDB) was never briefed on the payments amounting to US$681 million made to Aabar Investment PJS Ltd incorporated in Seychelles in 2014.
Wed Sep 02 2020
PMO pushed for JV agreement between 1MDB-Aabar - Witness

PMO pushed for JV agreement between 1MDB-Aabar - Witness

Datuk Shahrol Azral Ibrahim Halmi said although it was proper to sign the MoU first before inscribing the JV agreement, it was not necessary as the details on the agreement were moved by the PMO.
Mon Aug 17 2020
No due diligence taken by 1MDB to enter into US$6 mln joint venture

No due diligence taken by 1MDB to enter into US$6 mln joint venture

Datuk Shahrol Azral Ibrahim Halmi said no formal due diligence was taken with regard to Aabar BVI Ltd, which the 1MDB board of directors took as a subsidiary of IPIC.
Tue Aug 04 2020
Case management of Goldman Sachs' 1MDB bond sale on June 18

Case management of Goldman Sachs' 1MDB bond sale on June 18

The High Court had previously set May 18 for the case management, but it was then postponed to June 18.
Fri May 22 2020
IPIC to 1MDB: You have 5 days

IPIC to 1MDB: You have 5 days

Failure to do so would mean that both MOF Inc. and 1MDB would be subjected to additional obligations to both IPIC and to Aabar Investments PJS.
Tue Aug 01 2017
Analysis shows 1MDB right in insisting no money has been lost to date

Analysis shows 1MDB right in insisting no money has been lost to date

1MDB cannot say or claim that money transferred from Aabar Investment PJS Ltd or Aabar BVI to Penang financier Jho Low, production firm Red Granite Pictures and Khadem Abdullah, belongs to it.
Sun Jul 24 2016
1MDB to file response to request for arbitration

1MDB to file response to request for arbitration

The response, pertaining to its ongoing dispute with IPIC and Aabar Investments, will be filed on or before the July 11 deadline.
Fri Jun 17 2016
1MDB: Arul Kanda challenges Tony Pua to prove accusations

1MDB: Arul Kanda challenges Tony Pua to prove accusations

The 1MDB executive director challenges the Petaling Jaya Utara MP to show proof of his allegations on Aabar BVI.
Wed Apr 13 2016
Who is Prabowo Subianto, incoming president of Indonesia?

Who is Prabowo Subianto, incoming president of Indonesia?

A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Sat Oct 19 2024
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