Page 79 - Development Bhd News Today

KUALA LUMPUR: The High Court here has granted an ad interim injunction against fugitive financier Low Taek Jho, or Jho Low, to prevent him from transferring or dissipating his assets in Malaysia amounting to US$1.03bil (RM8.14bil) in a lawsuit filed by 1Malaysia Development Bhd (1MDB) and its subsidiaries.

KUALA LUMPUR, March 28 — Ten criminal charges were filed against six individuals and one public-listed company (PLC) for unlicensed activities and furnishing false information in financial reporting in 2021, said the Securities Commission Malaysia (SC). Additionally, one criminal forfeiture...

KUALA LUMPUR: The hearing of a defamation suit filed by the Sultanah of Terengganu against Sarawak Report editor Clare Rewcastle Brown will proceed after the High Court dismissed the latter’s application to stay the proceedings.

PETALING JAYA: The pink diamond necklace created by New York jeweller Lorraine Schwartz was never received by Datin Seri Rosmah Mansor, say her lawyers.

KUALA LUMPUR: The joint venture between 1Malaysia Deve­lopment Bhd (1MDB) and PetroSaudi International Ltd (PSI) involving billions of dollars was not for the benefit of Datuk Seri Najib Razak who was the prime minister then, the High Court heard.

BROOKLYN, United States (Bloomberg): The United States rested its foreign-bribery case against former Goldman Sachs banker Roger Ng, with a Federal Bureau of Investigation (FBI) agent testifying that there are records showing he was part of a plot to loot 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR: Several witnesses in Singapore have agreed to cooperate in the ongoing investigation into Datuk Dr Tawfiq Ayman and the 1Malaysia Development Bhd (1MDB) case.

KUALA LUMPUR: The management of 1Malaysia Development Bhd (1MDB) had deceived the company’s board of directors (BOD) and former prime minister Datuk Seri Najib Razak into entering a joint venture with PetroSaudi Interna­tional Ltd (PSI), the High Court heard.

KUALA LUMPUR: SRC International Sdn Bhd and one of its subsidiaries have obtained a Mareva injunction from the High Court here to prevent former prime minister Datuk Seri Najib Razak from transferring or dissipating any of his assets amounting to RM42mil.

KUALA LUMPUR: Several witnesses in Singapore have agreed to cooperate with the ongoing investigation into 1Malaysia Develop­ment Bhd (1MDB), especially Datuk Dr Tawfiq Ayman.