Page 4 - Development Bhd News Today

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo told the High Court here she had no knowledge of any business connection between the spouse of former Bank Negara Malaysia (BNM) governor Tan Sri Zeti Akhtar Aziz and fugitive businessman Low Taek Jho, or Jho Low.

KUALA LUMPUR: The High Court was told that the proposal of 1Malaysia Development Bhd (1MDB) for the acquisition of Tanjong Energy Holdings Sdn Bhd (TEHSB) at a bid price of RM10.6bil was the decision of the top management of 1MDB, in consultation with Goldman Sachs.

KUALA LUMPUR: Datuk Seri Najib Razak’s lawyer has refuted claims by former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo that its board of directors blindly followed the ex-premier’s instructions to the company “like lambs to slaughter.”

Najib claims the king had issued an addendum to his original decree that would allow Najib to serve his reduced sentence ‘under condition of home arrest’.

KUALA LUMPUR: A former 1Malaysia Development Bhd (1MDB) general counsel told the High Court that her knowledge of PetroSaudi International (PSI) Ltd, a company with which 1MDB had entered into a joint venture (JV), came from documents.

KUALA LUMPUR: The graft trial of Datuk Seri Najib Razak involving 1Malaysia Development Bhd (1MDB) at the High Court here was halted as the former prime minister was not well.

KUALA LUMPUR: Lawyer Tan Sri Muhammad Shafee Abdullah has refuted claims by former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo that its board of directors blindly followed Datuk Seri Najib Razak's instructions "like lambs to the slaughter".

KUALA LUMPUR: A witness in Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) trial has told the High Court that her knowledge about PetroSaudi International (PSI) Ltd was only based on documents.

KUALA LUMPUR: A former director of SRC International Sdn Bhd has refuted claims by Datuk Seri Najib Razak who placed the blame on SRC's former directors for the losses incurred by the subsidiary of 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR:The agreement signed between the Malaysian government and Goldman Sachs Group Inc (Goldman Sachs), regarding the recovery of 1Malaysia Development Bhd (1MDB) assets in 2020, was vague and not detailed, said 1MDB Asset Recovery Taskforce chairman, Datuk Seri Johari Abdul Ghani.