Page 75 - Development Bhd News Today

KUALA LUMPUR: Tan Sri Mohd Bakke Salleh suspected Datuk Seri Najib Razak was involved in a sham joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI) in 2009, the court hears.

KUALA LUMPUR: Investigators have identified documents and witness statements needed to probe the case involving Datuk Dr Tawfiq Ayman.

Lim Lip Eng says local co-conspirators of the former Goldman Sachs banker should also be charged.

Experts point to gulf in scale, complexity of cases.

NEW YORK: Roger Ng (pic), the only Goldman Sachs banker to go to trial over the global 1MDB scandal, was found guilty for his role in the epic looting of the Malaysian fund.

The verdict against former Goldman Sachs banker Ng Chong Hwa, aka Roger Ng, is a victory for not only the rule of law, but also for the people of Malaysia, said US Attorney Breon Peace.

KUALA LUMPUR: A witness in the 1Malaysia Development Bhd (1MDB) trial at the High Court did an about-turn and agreed that RM2.28bil from the company’s coffers went into Datuk Seri Najib Razak’s bank accounts when shown the paper trail.

Prosecution witness Tan Sri Ismee Ismail, former director of 1Malaysia Development Bhd, told the court that RM2.28 billion from 1MDB transactions had entered the personal accounts of former prime minister Datuk Seri Najib Razak.

Guilty verdicts come after eight-week trial in the fraud scheme that saw $2.7bn looted from Malaysia fund.

Roger Ng the only Goldman Sachs banker to go to trial over the global scandal.