Page 76 - Development Bhd News Today

NEW YORK: Roger Ng, 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.

Roger Ng, the only Goldman Sachs banker to go to trial over the 1MDB scandal, was found guilty for his role in the looting of the Malaysian fund.

KUALA LUMPUR: Fugitive financier Low Taek Jho’s presence at a special 1Malaysia Development Bhd (1MDB) board meeting in 2009 was at the invitation by the company’s management, the High Court heard.

KUALA LUMPUR: A witness in the 1Malaysia Development Bhd (1MDB) trial told the High Court that RM2.28bil from the company's coffers went into Datuk Seri Najib Razak's bank accounts, contrary to his earlier testimony that the former prime minister did not benefit from 1MDB's transactions.

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) non-executive director Tan Sri Ismee Ismail told the High Court that he stayed with the company despite its non-compliance as he believed in the leadership of former prime minister Datuk Seri Najib Razak.

Couple seeking order for banks to allow them immediate direct access to accounts.

IN 2013, fugitive-financier Low Taek Jho (Jho Low) had requested an 18-carat heart-shaped pink diamond for Datin Seri Rosmah Mansor. But as the US jeweller only had a 22-carat pink diamond at the time, the wife of former prime minister Datuk Seri Najib Razak received an upgrade. The transaction was confirmed by high-end jewellery designer to the stars Lorraine Schwartz, who has corroborated that she received payment for the controversial pink diamond necklace from funds belonging to 1Malaysia De...

KUALA LUMPUR: Fugitive financier Low Taek Jho’s was invited to sit in at a special 1Malaysia Development Bhd (1MDB) board meeting in 2009, the High Court heard.

KUALA LUMPUR: The 1Malaysia Development Bhd (1MDB) management misled the company’s board of directors into believing that “money was coming back” to the sovereign wealth fund, the High Court heard.

Ismee Ismail responds to question on briefing by former CFO Azmi Tahir in October 2014.