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Malaysian sovereign wealth fund 1MBD has filed a lawsuit for $1.83 billion against the CEO of PetroSaudi International over what it claims was a sham oil exploration joint venture.
The government implemented 85 out of 111 initiatives in its previous national anti-corruption plan, which covered similar risk areas, such as political governance and public procurement, to a new anti-graft initiative announced on May 7.
KUALA LUMPUR, May 6 — SRC International Sdn Bhd’s former director Datuk Shahrol Azral Ibrahim Halmi denied that he had a resolution with the government to have the US$1.18...
The Cabinet ministers did not specify the amount of damages sought and are leaving it to the court. Read more at straitstimes.com.
KUALA LUMPUR, April 30 — The High Court here today was told that Datuk Seri Najib Razak had obtained unanimous approval from Cabinet ministers before approving a letter of...