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Malaysia: 1MDB drops $1 bln lawsuit against Bakers, corporate head

The scandal-ridden state fund 1Malaysia Development (1MDB) has dropped its $1 billion civil lawsuit against its former law firm Wong & Partners and the head of its corporate practice, Brian Chia, over losses suffered by the fund, media reports said.
According to the Malay Mail, 1MDB, represented by Chee Wee Partnership, withdrew its suit earlier this month. 1MDB had sued Wong & Partners, Baker McKenzie’s Malaysia member firm, and Chia for breach of contractual, statutory, common law and fiduciary duties, as well as dishonest assistance that led to misappropriation of funds from the group, the newspaper added.
In May, Malaysia’s Finance Ministry had confirmed that 22 lawsuits were filed by 1MDB and its former subsidiary SRC International, with the defendants including Wong & Partners and Chia. ....

Brian Chia , Chee Wee Partnership , Malaysia Development , Malaysia Finance Ministry , Malay Mail , Baker Mckenzie , Finance Ministry , பிரையன் சியா , மலேசியா வளர்ச்சி , மலேசியா நிதி அமைச்சகம் , மலாய் அஞ்சல் , ரொட்டி சுடுபவர் மகெந்ஸீ , நிதி அமைச்சகம் ,

KPMG denies alleged breaches, negligence after reported 1MDB lawsuit

KUALA LUMPUR (July 9): Audit firm KPMG PLT denied on Friday allegations of breaches and negligence in relation to state fund 1Malaysia Development Berhad (1MDB) and pledged to vigorously contest a reported US$5.64 billion lawsuit filed against 44 current and former partners.
The suit filed by the Malaysian government, 1MDB and several subsidiaries alleged breaches of contract and negligence in KPMG s audit and certification of 1MDB s financial statements for the years 2010 to 2012, financial daily
The Edge reported, citing a 148-page statement of claim.
KPMG was sacked as 1MDB s auditor, after it refused to sign off on the fund s 2013 accounts.
All allegations as reported in the news are refuted and the claim will be vigorously contested, KPMG said in an email to ....

Kuala Lumpur , Jp Morgan , Malaysia Development Berhad , Malaysia Finance Ministry , Deutsche Bank , Development Berhad , Finance Ministry , குவாலா லம்பூர் , ஜ்ப் மோர்கன் , மலேசியா நிதி அமைச்சகம் , டாய்ச் வங்கி , நிதி அமைச்சகம் ,

Wholesale 5G company to build $2.6bn network in Malaysia

Wholesale 5G company to build $2.6bn network in Malaysia
capacitymedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capacitymedia.com Daily Mail and Mail on Sunday newspapers.

Celcom Axiata , Alan Burkitt Gray , Saifuddin Abdullah , Telekom Malaysia , Malaysia Finance Ministry , Digital Nasional , John Strand , Celcom Digi , Finance Ministry , ஆலன் பர்கிட் சாம்பல் , சைஃபுதீன் அப்துல்லா , டெலிகாம் மலேசியா , மலேசியா நிதி அமைச்சகம் , டிஜிட்டல் நேஷனல் , ஜான் இழை , நிதி அமைச்சகம் ,

Malaysia says Deloitte paid $106m in 1MDB settlement

KUALA LUMPUR - Malaysia on Thursday (June 3) said it had received US$80 million ($106 million) from audit firm Deloitte, as part of a settlement deal related to a multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB). Malaysia's Finance Ministry said in a statement it is also negotiating a settlement with another auditor, KPMG, related to 1MDB. About RM16.4 billion. ....

Kuala Lumpur , Malaysia Development Berhad , Malaysia Finance Ministry , Development Berhad , Finance Ministry , குவாலா லம்பூர் , மலேசியா நிதி அமைச்சகம் , நிதி அமைச்சகம் ,

Prasarana Chairman sacked after showing lack of empathy in press conference disaster

Culture
2 days, 19 hours
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Following a collision between two light rail transit (LRT) trains on Malaysia s Kelana Jaya line, Prasarana non-executive chairman Tajuddin Abdul Rahman spoke to Malaysian and foreign media about the incident.
Let s just say, it only resulted with shock and anger, as the man displayed behavior comparable to a grumpy, xenophobic old man.
To no one s surprise, Tajuddin was sacked from his post by Malaysia s Finance Ministry, effective immediately. Not first thing in the morning.
Here s a refresher of what led to his sacking. ....

Pasir Salak , Kelana Jaya , Berhad Prasarana , Tajuddin Abdul Rahman , Ajit Johl , Pasir Salak Member Of Parliament , Malaysian Public Transport Users Association , Malaysia Finance Ministry , Finance Ministry , Tajuddin Abdul , New Straits , China Based Phoenix Infonews Channel , Finance Incorporated , Datuk Seri , Prasarana Malaysia Berhad , Pasir Salak Member , தாஜுதீன் அப்துல் ரஹ்மான் , மலேசியன் பொது போக்குவரத்து பயனர்கள் சங்கம் , மலேசியா நிதி அமைச்சகம் , நிதி அமைச்சகம் , தாஜுதீன் அப்துல் , புதியது நீரிணை , நிதி இணைக்கப்பட்டது ,