Page 190 - Development Berhad News Today

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Tuesday, 15 Dec 2020 08:39 PM MYT The prosecution in the forfeiture case against Tan Sri Larry Low Hock Peng, the father of the fugitive businessman Low Taek Jho or Jho Low, told the High Court today that it intended to amend the notice of motion to forfeit more than RM48 million in his bank accounts. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Dec 15 — The prosecution in the forfeiture case against Tan Sri Larry Low Hock Pe...

Monday, 14 Dec 2020 06:37 PM MYT The Umno logo is pictured at Menara Dato’ Onn in Kuala Lumpur October 26, 2020. — Picture by Ahmad Zamzahuri Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Dec 14 — The funds belonging to Pekan Umno and Sarawak United People’s Party (SUPP) amounting to RM700,000 and RM188,138.26 respectively, which were seized by the Malaysian Anti-Corruption Commission (MACC), have been returned to the two parties. The f...

ADVERTISEMENT ADVERTISEMENT White Collar Group Of The Year: Dechert Law360 (December 14, 2020, 3:53 PM EST) -- Dechert LLPs white collar practice landed Goldman Sachs partner Andrea Vella a no-penalty settlement in the 1Malaysia Development Berhad scandal and persuaded a district judge to significantly reduce a jury award in a $70 million false advertising case against Spanish carbon-steel flange manufacturer ULMA Piping, earning it a place among Law360s 2020 White Collar Groups of the Year. O...

The spectacular rise of China over the past four decades has brought the world unprecedented opportunities and challenges, but no region has experienced this new geopolitical reality more keenly than South-East Asia. The 11 regional countries have benefited enormously from China’s economic rise, but they are also the first to feel the pounding movements of the awakening giant.  Sebastian Strangio’s In the Dragon’s Shadow: Southeast Asia in the Chinese Century offers an insightful accoun...

Monday, 14 Dec 2020 01:32 PM MYT On July 16, Justice Mohd Nazlan granted the government’s application for an interim order to block PSI, its director Tarek Obaid and its subsidiary, PSOS-VZ from moving the monies linked to 1MDB and kept in a client’s account at the United Kingdom-based law firm, to other entities. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Dec 14 — The government is still in the process of negotiating w...

14 Dec 2020 / 14:07 H. KUALA LUMPUR: The government is still in the process of negotiating with several parties, including PetroSaudi International Limited (PSI) and PetroSaudi Oil Services (Venezuela) Limited (PSOS-VZ), in its application to freeze over US$340 million of alleged 1Malaysia Development Berhad (1MDB) funds kept in a client’s account at a UK law firm. Lawyer Alex Tan, appearing for PSOS-VZ informed Justice Mohd Nazlan Mohd Ghazali this during the case management proceeding toda...

Friday, 11 Dec 2020 08:58 AM MYT Ex-Goldman Sachs banker Roger Ng leaves the federal court in New York May 6, 2019. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. NEW YORK, Dec 11 ― A lawyer for a former Goldman Sachs banker charged with involvement in the looting of billions of dollars from Malaysia’s 1Malaysia Development Berhad (1MDB) sovereign wealth fund accused US prosecutors yesterday of withholding evidence that could show his clie...