KUALA LUMPUR: The 1Malaysia Development Berhad (1MDB) board of directors held a meeting in London on May 16, 2011 to discuss the agreement on the additional RM1bil 1MDB-PetroSaudi investment joint venture under the Murabaha financing scheme, the High Court was told.
KUALA LUMPUR: The instruction by Datuk Seri Najib Razak to an audit firm to complete and sign off on its audit of 1Malaysia Development Bhd’s (1MDB) 2013 financial statement within two weeks was described in court as a form of intimidation.
Datuk Seri Najib Tun Razak has claimed that the US$8 billion civil suit filed against him by 1Malaysia Development Berhad (1MDB) and its four subsidiaries is an abuse of the court process as the names of the actual wrongdoers behind the massive loss suffered by the sovereign wealth fund were removed from its legal action
KUALA LUMPUR: The removal of "wrongdoers" initially named in a lawsuit filed against Datuk Seri Najib Razak by 1Malaysia Development Bhd (1MDB) and its subsidiaries is an abuse of process, says the former prime minister.
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.