Saturday, April 17, 2021

1MDB

Year of high-profile verdicts, two get jail & fine, others freed

KUALA LUMPUR: 2020 has indeed been an eventful year for the country’s judiciary with verdicts made over several high-profile cases, with the most prominent, involving former Prime Minister Datuk Seri Najib Tun Razak. Other court cases that took centre stage...

Govt to receive $2.5 bln from Goldman Sachs in 2 months

SHAH ALAM: Goldman Sachs Group Inc will hand over a cash payment of $2.5 billion to the Malaysian government to resolve outstanding claims related to 1Malaysia Development Bhd (1MDB) in the next two months. Finance Minister Tengku Datuk Seri Zafrul...

Goldman Sachs to pay $3.9 bln to Malaysia to settle 1MDB dispute

BY ROZANNA LATIFF AND JOSEPH SIPALAN KUALA LUMPUR: U.S. investment bank Goldman Sachs has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday. The deal includes a $2.5 billion cash...

Government wants to prohibit PetroSaudi from using US$340 mln linked to 1MDB

KUALA LUMPUR: The government is seeking a court order to block PetroSaudi International Ltd (PSI) and its director Tarek Obaid from using over US$340 million linked to 1Malaysia Development Berhad (1MDB) kept in a client’s account at a United...

Petronas chief quits

BY A. ANANTHALAKSHMI, JOSEPH SIPALAN &  KRISHNA N. DAS KUALA LUMPUR: The chief of Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states, sources close to the government...

Branded handbags link to 1MDB scandal destroyed due to careless handling

KUALA LUMPUR: The High Court was told today that millions of ringgit of designer bags that were allegedly linked to the 1Malaysia Development Berhad (1MDB) fund scandal and seized by the police had been destroyed due to careless handling...

Rosmah, Global Royalty yet to inspect seized items due to MCO

KUALA LUMPUR: The High Court was told today that Datin Seri Rosmah Mansor and a jewellery firm, Global Royalty, have yet to physically inspect assets that were seized from a premises belonging Obyu Holdings Sdn Bhd, for allegedly linked...

Malaysia has received over RM2.67 billion of 1MDB monies to-date

KUALA LUMPUR: Malaysia has received $620 million ($1 = RM4.32) or RM2.6784 billion to-date from the United States since the 1Malaysia Development Bhd’s asset recovery efforts were initiated in June 2018, Minister of Finance Tengku Datuk Zafrul Tengku Abdul Aziz said...

US returns RM1.3 bln from 1MDB

KUALA LUMPUR: Malaysia today announced that $300 million or equivalent to RM1.3 billion (($1=RM4.32) from 1Malaysia Development Berhad (1MDB) has been returned to the government by the United States of America. Prime Minister Tan Sri Muhyiddin Yassin said the amount...

It was my own decision to resign: Latheefa Koya

KUALA LUMPUR: Chief commissioner of the Malaysian Anti-Corruption Commission (MACC) Latheefa Koya yesterday said that her resignation was not due to any pressure brought upon her. “It was my own decision to do so. Speculation that pressure was brought upon me...
- Advertisement -spot_img

Latest News

Change or more of the same?

The rights of some must not be enjoyed by denying the rights of others. Neither can we permit states’...
- Advertisement -spot_img