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
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
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
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
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
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
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
"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
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
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
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
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
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
Parties in govt's bid to freeze 1MDB-related US$340 mln fund still negotiating settlement
After hearing the progress from both parties, the court set Feb 4, 2021 for case management pending updates on the ongoing negotiations.
Mon Dec 14 2020
Parties in govt's did to stop any dealings over PSI Monies negotiating settlement
Parties have confirmed that the interim order to freeze the movement of the funds is still binding and effective.
Tue Nov 10 2020
Google, Meta urge Australia to delay bill on social media ban for children
Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Tue Nov 26 2024
Judge tosses Trump 2020 election case after prosecutors' request
It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.
Tue Nov 26 2024
DHL plane crash in Lithuania leaves authorities searching for answers
Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).
Tue Nov 26 2024
National squad to hold friendly matches for 2025 Indoor Hockey World Cup
The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).
Tue Nov 26 2024
G7 seeks unity on ICC arrest warrant for Netanyahu
The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Tue Nov 26 2024
Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend
A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.
Tue Nov 26 2024
TikTok decision coming soon as Jan. 19 divestment deadline looms
Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.
Tue Nov 26 2024
Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce
In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".
Tue Nov 26 2024
PM meets chaebol tycoon to attract more FDI to Malaysia
Chaebols are prominent figures from South Korea's family-owned conglomerates.
Tue Nov 26 2024
Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry
The implementation of the RON95 subsidy in 2025 is expected to provide savings of RM3.6 billion to government expenditure.
Tue Nov 26 2024