Aabar

UK investigator Richard Templeman admitted he didnt raise the US$1 billion discrepancy with the plaintiff (1MDB) before the trial began.

The Abu Dhabi companies, 1MDB and Malaysia's Minister of Finance (Incorporated) had reached a settlement in respect of proceedings.

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.

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.

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.

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.

Goldman Sachs acquitted and discharged from all four charges made against them.

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.

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.

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.

The High Court had previously set May 18 for the case management, but it was then postponed to June 18.

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.

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.

The response, pertaining to its ongoing dispute with IPIC and Aabar Investments, will be filed on or before the July 11 deadline.

The 1MDB executive director challenges the Petaling Jaya Utara MP to show proof of his allegations on Aabar BVI.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.