Page 30 - Development Bhd News Today

KUALA LUMPUR: The RM2.28bil 1Malaysia Development Bhd (1MDB) trial was vacated for the day on Thursday (May 11) as former prime minister Datuk Seri Najib Razak is still being treated for diarrhoea and dehydration.

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak has been given a two-day medical leave following his inability to attend his RM2.28bil 1Malaysia Development Bhd (1MDB) trial due to diarrhoea.

KUALA LUMPUR: Fugitive businessman Low Taek Jho was the “higher authority” in transactions involving Brazen Sky Ltd, a position above the then prime minister and finance minister, the High Court has heard.

KUALA LUMPUR: Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB)-related trial has been postponed for two days after he fell ill and was given a medical certificate.

They include wanted businessman Jho Low, Utusan Malaysia reports.

It is a busy week ahead on Malaysia’s economic calendar. Amid the ongoing recovery from the impact of the Covid-19 pandemic, market participants will be keeping an eye on Malaysia’s gross domestic product (GDP) data for the first quarter of 2023, due on Friday. The median of economists’ estimates in a Bloomberg survey was for growth of between 4.5% and 5.1% in 1Q from a year earlier.

Ex-banker says the businessman was the higher authority who green-lighted financial decisions.

NEW YORK: Former Goldman Sachs Group Inc banker Tim Leissner implicated his ex-colleague Roger Ng in a scheme to loot billions of dollars from 1Malaysia Development Bhd (1MDB) because he wanted “to close the biggest deal of his life” and avoid prison, Ng’s lawyer told a jury.

KUALA LUMPUR: One of Jho Low’s aides, suspected of having received misappropriated funds from 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd, has been repatriated from overseas.

Talks underway with several countries to repatriate 1MDB-linked businessman, says Anwar Ibrahim.