Page 130 - Development Berhad News Today

Takeaway: Judge’s Broad Interpretation of the FCPA’s Internal Controls Provision and jury conviction make this statute ripe for appellate review.

KUALA LUMPUR, April 13 — Datuk Rohana Rozhan has reportedly agreed to return the US$10 million (RM42 million) that she received from former Goldman Sachs banker, Tim Leissner, during their purported relationship. Utusan Malaysia today quoted an anonymous source from the Malaysian...

Investigations into Datuk Tawfiq Ayman, the husband of former Bank Negara Malaysia governor, Tan Sri Zeti Akhtar Aziz, who has been linked to 1Malaysia Development Berhad (1MDB), has been referred to the Attorney General’s Chambers (AGC) for further action, including from the aspect of Mutual Legal Assistance (MLA)

KUALA LUMPUR, April 13 — Former auditor-general Tan Sri Madinah Mohamad today agreed that those being audited cannot give instructions to the auditor to drop facts from the audit report. Madinah was testifying as the 12th prosecution witness in the trial of former prime minister Datuk Seri Najib...

Former 1Malaysia Development Berhad (1MDB) chairman Tan Sri Mohd Bakke Salleh told the High Court here Tuesday that he did not meet Datuk Seri Najib Razak to inform him about his resignation as he suspected that the former prime minister was involved in alleged irregular 1MDB monetary transactions

Madinah Mohamad tells the High Court that he should have decided what information to be included and excluded.

KUALA LUMPUR: The High Court here was told on Wednesday (April 13) that former auditor-general Tan Sri Ambrin Buang should have decided on what information to be included and excluded in the 1Malaysia Development Berhad (1MDB) final audit report as he was the one having the ultimate authority at the point of time.

Investigations into Datuk Tawfiq Ayman, the husband of former Bank Negara Malaysia governor, Tan Sri Zeti Akhtar Aziz, who has been linked to 1Malaysia Development Berhad (1MDB), has been referred to the Attorney General’s Chambers (AGC) for further action, including from the aspect of Mutual Legal Assistance (MLA)

KUALA LUMPUR, April 12 — A former 1Malaysia Development Berhad (1MDB) chairman today said he had “suspicions” regarding then prime minister Datuk Seri Najib Razak after the latter urged for the 1MDB board to expedite its decision in 2009 on whether to approve the company going into a joint...

Many are angry but fed up with multibillion dollar scandal involving sovereign fund meant for country’s development.