Former PM Najib Razak did not instruct US$1.03bil 1MDB fund transfer, court told Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
KUALA LUMPUR: Datuk Seri Najib Razak had never directed 1Malaysia Development Bhd (1MDB) to transfer a total of US$1.03bil to a company owned by fugitive businessman Low Taek Jho or Jho Low, the High Court has heard.
KUALA LUMPUR: A Malaysian Anti-Corruption Commission (MACC) investigating officer in the 1Malaysia Development Bhd (1MDB) probe did not ask Datuk Seri Najib Razak about a US$700mil (RM3.3bil at current rates) transfer to a company linked to fugitive businessman Low Taek Jho, the High Court has heard.
KUALA LUMPUR: The High Court here was told that Datuk Seri Najib Razak never directed 1Malaysia Development Bhd (1MDB) to transfer US$1.03bil to a company linked to fugitive businessman Low Taek Jho, also known as Jho Low.
KUALA LUMPUR: A Malaysian Anti-Corruption Commission (MACC) investigating officer in the 1Malaysia Development Bhd (1MDB) probe did not ask Datuk Seri Najib Razak about a US$700mil transfer from the sovereign wealth fund into a company linked to fugitive businessman Low Taek Jho, the High Court heard.
It would appear that the alleged Saudi fraudster and money launderer, Tarek Obaid, was in fact some sort of Gulf version of 007: a secret agent acting on the direct instructions of the former King of Saudi Arabia.....
KUALA LUMPUR: A former 1Malaysia Development Bhd (1MDB) general counsel told the High Court that her knowledge of PetroSaudi International (PSI) Ltd, a company with which 1MDB had entered into a joint venture (JV), came from documents.
KUALA LUMPUR: A witness in Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) trial has told the High Court that her knowledge about PetroSaudi International (PSI) Ltd was only based on documents.
KUALA LUMPUR: The High Court here today was told that Datuk Seri Najib Abdul Razak and his family vacation on a yacht in 2009 turned into a discussion...
KUALA LUMPUR: A purported government-to-government (G2G) meeting that took place during Datuk Seri Najib Razak's vacation on a yacht in 2009 did not go through the proper and formal channels and had caused huge losses to the nation, the High Court told.