Page 80 - Development Bhd News Today

The jury in the trial of a former Goldman Sachs Group Inc banker finally got a look at hard proof of the treasures bought with money allegedly looted in the multibillion-dollar 1Malaysia Development Bhd (1MDB) corruption scandal.

NEW YORK: An FBI agent told a court here about how the wives and mother-in-law of Goldman Sachs bankers became part of a global scheme to steal billions of dollars from 1Malaysia Development Bhd.

Several witnesses including bank officers in Singapore have agreed to have their statements recorded to facilitate an investigation into the case involving Datuk Dr Tawfiq Ayman, the husband of former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz, who was linked to 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR, March 24 ― 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 of any his assets amounting to RM42 million. The decision was made by...

THE name of reclusive tycoon T Ananda Krishnan surfaced on several occasions during the testimony of Timothy Leissner, the star witness in the trial of his former Goldman Sachs colleague Roger Ng Chong Hwa in a New York court. Leissner, who is awaiting sentencing after pleading guilty to various charges of fraud and money laundering pertaining to three bonds totalling US$6.75 billion Goldman Sachs raised for 1Malaysia Development Bhd (1MDB) between 2011 and 2013, said Ananda was an important cli...

Some of the 1MDB money was used to buy US$300,500 in diamond jewellery, including a six-carat ring. . Read more at straitstimes.com.

KUALA LUMPUR: The management of 1Malaysia Development Bhd (1MDB) had conned 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 on Wednesday (March 23).

KUALA LUMPUR: The defence team of Datuk Seri Najib Razak in the 1Malaysia Development Bhd (1MDB) trial was reminded by the presiding High Court judge not to carry on with their line of questioning which seemed to be “going in circles”.

Ismee Ismail concurs ‘very convincing’ paperwork was needed to enter into deal with PetroSaudi.

TIRED of the numerous questions asked and documentation that most financial institutions invariably required whenever he wanted to effect large fund transfers, fugitive financier Low Taek Jho (Jho Low) concluded that owning a bank could help ease the process.