575,292 Bangladeshis holding temporary employment visit passes [ 2h ago ]

Jho Low siphons off US$1.83 bil 1MDB funds - witness

KUALA LUMPUR, Nov 7 -- The High Court today was told that fugitive businessman, Low Taek Jho or Jho Low, had siphoned off all in all US$1.83 billion of 1Malaysia Development Berhad (1MDB) funds over a span of three years, from 2009 to 2011.

Additional RM1 billion approved by Najib not recommended by 1MDB BOD - Witness

KUALA LUMPUR, Nov 7 -- The High Court was today told that an additional RM1 billion which was invested in the 1MDB-PetroSaudi International Ltd joint-venture was approved by Datuk Seri Najib Tun Razak, in 2011.

I was not shown Prince Turki letter to Najib until 2018, says former CEO 1MDB

KUALA LUMPUR, Nov 6 -- The former Chief Executive Officer (CEO) of 1Malaysia Development Berhad (1MDB)  told the High Court here today that he did not know about a letter sent by Prince Turki Abdullah bin Abdul Aziz Al Saud to Datuk Seri Najib Tun Razak pertaining to a joint venture between 1MDB and PetroSaudi International Ltd (PSI).

1MDB lost US$2.2 billion in dealings with PSI

KUALA LUMPUR, Nov 5 -- Former 1Malaysia Development Berhad (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi said the sovereign wealth fund was only paid RM129 million by PetroSaudi International Limited (PSI) although it owed 1MDB a total of US$2.2 billion.

1MDB-PSI JV a failure, court told

KUALA LUMPUR, Nov 5 -- The High Court was today told that the joint-venture deal between 1Malaysia Development Berhad (1MDB) and PetroSaudi International Ltd (PSI)  in 2009 was a failure.

MACC cooperates with 5 countries to track down RM18.9 bln worth of 1MDB assets

KUALA LUMPUR, Nov 5  -- At least five countries are currently cooperating with the Malaysian Anti-Corruption Commission (MACC) to track down unidentified assets and properties related to 1Malaysia Development Bhd (1MDB) with an estimated value of RM18.9 billion.

1MDB Scandal: Hearing to forfeit rights of Kelantan UMNO liaison over money

KUALA LUMPUR, Nov 4 -- The High Court here today set Dec 3 to hear a prosecution application for the rights of Kelantan UMNO Liaison Body over money amounting to  RM32,962.87 to be forfeited.