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Jho Low's attendance omitted from 1MDB board meeting, says witness

KUALA LUMPUR: Fugitive financier Low Taek Jho attended a 1Malaysia Development Bhd (1MDB) board meeting some 12 years ago, but his name was later omitted from the minutes, the High Court heard. ....

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Report: 1MDB drops US$1b lawsuit against law firm Wong & Partners, lawyer | Malaysia

Report: 1MDB drops US$1b lawsuit against law firm Wong & Partners, lawyer | Malaysia
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Wong & Partners: 1MDB suit has no merit, sum claimed is unjustified

Legal firm Wong & Partners said it is "very disappointed" by the decision of 1Malaysia Development Bhd to file a civil suit against the firm for what it claimed is advisory work in relation to 1MDB. ....

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US DoJ remits RM1.9b in 1MDB related funds back to Malaysia

KUALA LUMPUR (May 12): The US Department of Justice (DoJ) has remitted some RM1.9 billion or US$452.36 million in funds related to 1Malaysian Development Bhd (1MDB) into Malaysia’s Asset Recovery Trust Account.
In a statement, the Ministry of Finance (MoF) said so far, the account had received RM16.05 billion of seized and repatriated 1MDB funds. The ministry added that any balance in the trust account, which is under the custody of the Accountant-General s Department of Malaysia, will be used to primarily repay and service 1MDB and its former subsidiary SRC International Sdn Bhd’s remaining debts.
To date, the government has repaid RM12.4 billion of 1MDB’s debt and RM3.1 billion of SRC’s debt. The outstanding debt balance which is composed of principal and coupon, profit and interest of bonds, sukuk and term loans stands at RM39.8 billion for 1MDB and RM2.57 billion for SRC. ....

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Report: Sri Ram says no conflict of interest in defending law firm Wong & Partners in 1MDB's US$1b lawsuit | Malaysia

Wednesday, 12 May 2021 06:09 PM MYT
BY IDA LIM
File picture shows Senior Deputy Public Prosecutor Datuk Seri Gopal Sri Ram leaving the Kuala Lumpur High Court Complex February 18, 2021. Picture by Yusof Mat Isa
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KUALA LUMPUR, May 12 Former judge-turned-lawyer Datuk Seri Gopal Sri Ram has reportedly said that there is no conflict of interest when it comes to him acting for law firm Wong & Partners and its partner Brian Chia Hock Gee in defending them against a civil lawsuit where 1Malaysia Development Berhad (1MDB) is claiming US$1 billion. ....

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