Page 48 - Development Berhad News Today

KUALA LUMPUR (May 5): The High Court today fixed January 2025 to hear SRC International Bhd's suit against Datuk Seri Najib Razak, for alleged breach of trust and breach of statutory duty in relation to SRC funds amounting to RM42 million. Lawyer Kwan Will Sen, who is representing the SRC and its

KUALA LUMPUR — Malaysia is negotiating with other countries to speed up the return of fugitive financier Low Taek Jho, wanted for his role in the multibillion-dollar 1MDB scandal, Prime Minister Anwar Ibrahim said on Friday (May 5). Low, better known as Jho Low, has been charged in Malaysia and the United States for allegedly masterminding the theft of US$4.5...

A campaign by a pro-Najib faction in UMNO for a royal pardon is unlikely to get anywhere, but it is deepening strains among partners in the ruling coalition and is presenting Prime Minister Anwar with an unnecessary political headache, says CNA’s Leslie Lopez.

KUALA LUMPUR, May 2 — Former Goldman Sachs banker Roger Ng has been given a deferment to begin his 10-year prison term in the US, Bloomberg reported today. The Malaysian who was...

Kuala Lumpur: Former Goldman Sachs banker Roger Ng has been given a deferment to begin his 10-year prison term in the US, Bloomberg reported today.

As more time passes since Credit Suisse was forced by authorities into a marriage with UBS, the more contradictory the decision appears. This is especially true if one compares the fate of Credit Suisse with that of BSI in Ticino, finds Italian financial journalist Gabriele La Monica in an interview with finews.com.

The efforts of Southeast Asian nations to push back against Chinese aggression at sea should be recognized and bolstered.

His attorney said Ng hasn’t seen his daughter, 10, for more than four years since his arrest in Malaysia. Read more at straitstimes.com.

A federal court found Fugees musician Prazkazrel "Pras" Michel guilty of 10 counts related to international conspiracy on April 26. 

Pras Michel of The Fugees has been found guilty in his money laundering trial.