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Witness: Najib had decision-making power

KUALA LUMPUR: The power of decision-making in 1Malaysia Development Bhd (1MDB) lies in the hands of former prime minister Datuk Seri Najib Razak, the High Court heard.

Kuala-lumpur , Malaysia , Seychelles , Sri-ram , Ahmad-husni-hanadzlah , Najib-razak , Justice-collin-lawrence-sequerah , Ahmad-husni , Prakash-gopi , Deutsche-bankm-bhd , Good-star-ltd , Malaysia-development-bhd

1MDB wanted to speed up US$1bil remittance into two accounts, court told

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) wanted to accelerate a US$1bil remittance into two accounts including an account which was later revealed to be linked to fugitive businessman Low Taek Jho or Jho Low, the High Court heard.

Malaysia , Kuala-lumpur , Najib-razak , Justice-collin-lawrence-sequerah , Casey-tang , Deutsche-bankm-bhd , Good-star-ltd , Coutts-bank-ltd , Mdb-petrosaudi-ltd , Bank-negara , Malaysia-development-bhd , Petrosaudi-international

1MDB wanted fast US$1b transfer for sham PetroSaudi JVCo to enable Najib to announce deal, says banker

A former managing director at Deutsche Bank (M) Bhd told the High Court on Tuesday (June 21) that 1Malaysia Development Bhd (1MDB) in 2009 wanted the bank to accelerate a US$1 billion remittance for a 40% stake in a joint venture company (JVCo) known as 1MDB PetroSaudi Ltd because then prime minister Datuk Seri Najib Tun Razak wanted to make a press statement on the JV.

Malaysia , Kuala-lumpur , British-virgin-islands , Casey-tang-keng-chee , Taek-jho , Svizzera-italiana , Stephenny-chow , Casey-tang , Petrosaudi-international-ltd , Deutsche-bankm-bhd , Good-star-ltd , Coutts-bank-ltd

'PetroSaudi was removed as US$95mil recipient'

KUALA LUMPUR: AmBank was told to remove oil and gas company PetroSaudi International Ltd (PSI) as the recipient of two transactions amounting to US$95mil (RM289.8mil) in 2011.

Kuala-lumpur , Malaysia , Najib-razak , Taek-jho , Mohamad-mustafap-kunyalam , Petrosaudi-international-ltd , Deutsche-bankm-bhd , Good-star-ltd , Coutts-bank-ltd , Malaysia-development-bhd , High-court , Development-bhd

'Unnamed' account received millions from 1MDB, High Court heard

KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB) had instructed for AmBank to remove oil and gas company PetroSaudi International Ltd (PSI) as the recipient of two transactions amounting to US$95mil (RM289.8mil) in 2011.

Kuala-lumpur , Malaysia , Najib-razak , Justice-collin-lawrence-sequerah , Taek-jho , Mohamad-mustafap-kunyalam , Petrosaudi-international-ltd , Deutsche-bankm-bhd , Good-star-ltd , Coutts-bank-ltd , Preventive-crime-research , Malaysia-development-bhd