KUALA LUMPUR: It took seven years for Bank Negara Malaysia to discover that some US$700mil from the 1Malaysia Development Bhd (1MDB) coffers were diverted to Good Star Ltd, a company linked to fugitive businessman Low Taek Jhow.
KUALA LUMPUR: Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz told the High Court that the central bank took seven years to discover that some US$700mil from 1Malaysia Development Bhd (1MDB) coffers were diverted to Good Star Ltd, a company linked to Low Taek Jho or Jho Low.
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak should have been worried when he was informed that US$1bil (RM4.4bil) was transferred by 1Malaysia Development Bhd (1MDB) to two overseas accounts including US$700mil (RM3.1bil) that was diverted, the High Court has heard.
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak did not respond when he was informed about a US$1bil (RM4.4bil) that was transferred by 1Malaysia Development Bhd (1MDB) to two overseas accounts, including a US$700mil (RM3.08bil) that was diverted to a different account, the High Court heard.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) wanted to accelerate a US$1bil remittance into two accounts including an account which was later revealed to be linked to fugitive businessman Low Taek Jho or Jho Low, the High Court heard.
A former managing director at Deutsche Bank (M) Bhd told the High Court on Tuesday (June 21) that 1Malaysia Development Bhd (1MDB) in 2009 wanted the bank to accelerate a US$1 billion remittance for a 40% stake in a joint venture company (JVCo) known as 1MDB PetroSaudi Ltd because then prime minister Datuk Seri Najib Tun Razak wanted to make a press statement on the JV.
KUALA LUMPUR: AmBank was told to remove oil and gas company PetroSaudi International Ltd (PSI) as the recipient of two transactions amounting to US$95mil (RM289.8mil) in 2011.
KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB) had instructed for AmBank to remove oil and gas company PetroSaudi International Ltd (PSI) as the recipient of two transactions amounting to US$95mil (RM289.8mil) in 2011.