Page 71 - Development Bhd News Today

IN the winding-up of the debate on Budget 2022 in parliament last Thursday, former prime minister and finance minister, Datuk Seri Najib Razak, indirectly stole the show.  The reason: His application fora residence from the government that will allegedly cost about RM100 million as an entitlement for a former PM.  Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz neither confirmed nor denied the RM100 million sum but he con-firmed that the cabinet was considering the application.&nb...

KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to...

KUALA LUMPUR: The prosecution in the 1Malaysia Development Bhd (1MDB) audit report tampering trial seeks to call former 1MDB CEO Arul Kanda Kandasamy to testify against former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh said he did not complain about irregularities in 1MDB to Datuk Seri Najib Razak as it would be like he was suspecting the former prime minister of being involved.

KUALA LUMPUR: The prosecution in the 1Malaysia Development Bhd (1MDB) audit tampering trial is seeking to call former 1MDB CEO Arul Kanda Kandasamy to testify against former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR: The High Court was told that former prime minister Datuk Seri Najib Razak had never revealed to the 1Malaysia Development Bhd (1MDB) board of directors that money from the sovereign wealth fund had entered his personal bank accounts.

1Malaysia Development Bhd's former chairman Tan Sri Mohd Bakke Salleh revealed in court on Wednesday (May 18) that two weeks ahead of testifying before the Public Accounts Committee in 2016 about the goings-on of 1MDB, its then chairman Datuk Seri Hasan Arifin met him twice to brief him on what to say at the hearings, namely to safeguard former prime minister Datuk Seri Najib Razak's name, along with not mentioning fugitive financier Low Taek Jho, more commonly known as Jho Low.

KUALA LUMPUR: Datuk Seri Najib Razak never told the 1Malaysia Development Bhd (1MDB) board of directors that monies from the sovereign wealth fund had entered his personal bank accounts, the High Court heard.

1Malaysia Development Bhd’s (1MDB) former chairman Tan Sri Bakke Mohd Salleh told the court on Tuesday (May 17) that a lot of what he said when he testified before the Public Accounts Committee’s (PAC) investigation into 1MDB in 2016 was not stated in the final report.

The money will be used to pay for "compliance activities" at the bank. . Read more at straitstimes.com.