Page 74 - Development Bhd News Today

As a jury in Brooklyn, New York, weighed the fate of a former banker accused of conspiring to loot a Malaysian state fund, villagers about an hour’s drive from the country’s power center, Kuala Lumpur, had a more parochial concern. A bridge in a coastal settlement in Kuala Selangor — a politically contested region — had collapsed in 2019. Despite politicians’ promises, it lies in ruin. That bridge is vital to the fishing community, said Muhammad Zabar bin Arssad, who has lived in the ...

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak has claimed that the removal of others who were initially named in a lawsuit filed against him by 1Malaysia Development Bhd (1MDB) and its subsidiaries is an abuse of process.

PUTRAJAYA: Graft investigators have initiated a fresh probe against a top Umno leader, focusing on alleged money laundering.

The Malaysian Anti-Corruption Commission (MACC) is still investigating the case involving former Astro Malaysia Holdings Bhd Group Chief Executive Officer (CEO) Datuk Rohana Rozhan (pic) in connection with the US$10 million allegedly received from former Goldman Sachs banker, Tim Leissner

KUALA LUMPUR: The removal of "wrongdoers" initially named in a lawsuit filed against Datuk Seri Najib Razak by 1Malaysia Development Bhd (1MDB) and its subsidiaries is an abuse of process, says the former prime minister.

Former PM claims names of actual wrongdoers dropped from legal action.

KUALA LUMPUR: Documents and witness statements needed in the 1Malaysia Development Bhd (1MDB) probe involving Datuk Dr Tawfiq Ayman must be acquired through Mutual Legal Assistance if they are to be made admissible in court, says Bukit Aman.

KUALA LUMPUR: A former 1Malaysia Development Bhd (1MDB) chairman told the High Court that he did not meet with Datuk Seri Najib Razak before his resignation as he suspected that the former prime minister was involved in a sham joint venture (JV) between 1MDB and PetroSaudi International Ltd (PSI) in 2009.

PUTRAJAYA, April 13 — The Malaysian Anti-Corruption Commission (MACC) is still investigating the case involving former Astro Malaysia Holdings Bhd group chief executive officer (CEO) Datuk Rohana Rozhan in connection with the US$10 million (RM42.3 million) allegedly received from former Goldman...

Tan Sri Mohd Bakke Salleh testified that he was “suspicious” that former prime minister Datuk Seri Najib Abdul Razak was “involved in the scheme of things” in regards to 1Malaysia Development Bhd’s (1MDB) PetroSaudi joint venture (JV) in 2009, which eventually spiralled to burn a sum of US$1.53 billion in 1MDB’s coffers.