Page 149 - Development Berhad News Today

NEW YORK (REUTERS) - A United States judge has said a former Goldman Sachs banker charged in the 1MDB Malaysian sovereign wealth fund scandal will be tried in early February, expressing confidence the Omicron coronavirus variant will not upend the trial. . Read more at straitstimes.com.

KUALA LUMPUR, Jan 6 — Former prime minister Datuk Seri Najib Razak’s trial over the misappropriation of over RM2 billion of 1Malaysia Development Berhad’s (1MDB) funds could not go on at all today, as there were no available prosecution witnesses who could come to court after the initial...

KUALA LUMPUR - Malaysia's top anti-graft official said on Thursday (Jan 6) he will co-operate with the country's securities regulator after it asked him for an explanation on the use of his share trading account. Azam Baki, the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), has faced calls to explain allegations that he owned millions of shares in two...

Irish stockbroking firm Davy among the institutions hit with penalties during 2021

Some observers expressed shock that the top anti-graft officer was unaware of financial rules meant to stifle corruption. . Read more at straitstimes.com.

KUALA LUMPUR, Jan 6 — Former prime minister Datuk Seri Najib Razak’s trial this morning over the alleged misappropriation of over RM2 billion of 1Malaysia Development Berhad (1MDB) funds has been postponed to the afternoon after the prosecution witness who was scheduled to testify fell ill....

A PetroSaudi unit has widened an appeal in a case brought by U.S. prosecutors to seize a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Berhad funds, saying Wednesday that it is challenging an order granting the government's request to keep the award frozen.

KUALA LUMPUR, Jan 5 — A former chief financial officer of 1Malaysia Development Berhad (1MDB) today denied that the government-owned company had dropped him from a civil lawsuit in order for him to incriminate former prime minister Datuk Seri Najib Razak in court. Azmi Tahir, the 12th prosecution...

KUALA LUMPUR: Wanted businessman Low Taek Jho, or ‘Jho Low’, as well as his parents Tan Sri Larry Low Hock Peng and Puan Sri Goh Gaik Ewe have entered appearance in the US $ 3.7837bil suit filed by 1Malaysia Development Berhad (1MDB) against them.

KUALA LUMPUR, Jan 5 — Government-owned firm 1Malaysia Development Berhad’s (1MDB) former chief financial officer (CFO) Azmi Tahir today denied having worked together with now-fugitive Low Taek Jho or Jho Low’s team in a scheme to siphon money out from the company. Azmi said this in court...