Page 2 - Development Berhad News Today

Malaysian sovereign wealth fund 1MBD has filed a lawsuit for $1.83 billion against the CEO of PetroSaudi International over what it claims was a sham oil exploration joint venture.

The government implemented 85 out of 111 initiatives in its previous national anti-corruption plan, which covered similar risk areas, such as political governance and public procurement, to a new anti-graft initiative announced on May 7.

KUALA LUMPUR, May 6 — SRC International Sdn Bhd’s former director Datuk Shahrol Azral Ibrahim Halmi denied that he had a resolution with the government to have the US$1.18...

The Cabinet ministers did not specify the amount of damages sought and are leaving it to the court. Read more at straitstimes.com.

KUALA LUMPUR, April 30 — The High Court here today was told that Datuk Seri Najib Razak had obtained unanimous approval from Cabinet ministers before approving a letter of...

KUALA LUMPUR: The High Court here today was told that Datuk Seri Najib Tun Razak had obtained unanimous approval from Cabinet ministers before approvi...

KUALA LUMPUR: Datuk Seri Najib Tun Razak believed that the shell company, Blackstone Asia Real Estate Partners, that received millions in funds from 1Malaysia Development Berhad (1MDB) which subsequently flowed into his personal bank account, was either controlled or owned by the government of Saudi Arabia, the High Court heard yesterday.

KUALA LUMPUR, April 28 — The Malaysian Anti-Corruption Commission (MACC) today confirmed it was seeking clarification from the relevant authorities in Germany over the seizure of...

The special-edition cars are each worth about US$3 million (S$4.09 million). Read more at straitstimes.com.

PETALING JAYA: Four special edition Bugatti Veyron supercars, said to be linked to the 1Malaysia Development Berhad (1MDB) scandal, were seized by German police in Munich earlier this week.