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'1MDB paid firm to improve perception of fund'

KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB) had paid Bloomberg, a privately-held media company, to list one of its funds to improve poor public perception of the investment portfolio. ....

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Ex-1MDB CEO denies striking a deal to have his name dropped from 1MDB lawsuit

Ex-1MDB CEO denies striking a deal to have his name dropped from 1MDB lawsuit
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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Najib's lawyers: 'Octopus' Jho Low was 'real 1MDB thief', with tentacles in many countries | Malaysia

Thursday, 20 May 2021 04:04 PM MYT
BY IDA LIM
Datuk Seri Najib Razak is pictured at the Kuala Lumpur High Court May 20, 2021. ― Picture by Hari Anggara
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KUALA LUMPUR, May 20 Datuk Seri Najib Razak’s lawyers today sought to suggest that the now fugitive Low Taek Jho was akin to an octopus who had global reach in his scheme involving government-owned firm 1Malaysia Development Berhad’s (1MDB) funds.
In Najib’s ongoing trial today, his lawyers sought to highlight Low’s role in the siphoning of hundreds of millions of US dollars from 1MDB unit 1MDB Global Investments Limited’s (1MDB GIL) bank accounts into companies controlled or owned by Low, as part of Najib’s defence against the power abuse and money laundering charges in the trial. ....

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1MDB subsidiary's US$2.7b became US$60,000 in just months but CEO kept mum, court hears | Malaysia

Thursday, 20 May 2021 06:45 PM MYT
BY IDA LIM
Former prime minister Datuk Seri Najib Razak is pictured at Kuala Lumpur High Court May 20, 2021. ― Picture by Hari Anggara
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KUALA LUMPUR, May 20 The over US$2.7 billion deposited in a 1Malaysia Development Berhad (1MDB) subsidiary’s bank account in March 2013 dwindled to just US$60,000 within months, with the funds flowing to various companies including those now known to be controlled by fugitive Low Taek Jho and his associates, the High Court heard today.
Mohd Hazem Abd Rahman, the chief executive of 1MDB from March 2013 to early January 2015, confirmed in court that he did not inform the 1MDB board of the status of the funds in the bank account, including when its balance fell to just around US$60,000. ....

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Ex-1MDB CEO has suspicions on illegal activities in 1MDB between Najib, Jho Low

KUALA LUMPUR (Bernama): Former 1Malaysia Development Berhad (1MDB) chief executive officer (CEO) told the High Court on Monday (May 17) that he had suspicions that some illegal activities were happening in the company between Datuk Seri Najib Tun Razak and fugitive businessman Low Taek Jho, or Jho Low over the US$3bil (RM12.39bil) bond issuance.
The US$3bil bond issuance involved 1MDB Global Investments Limited (1MDB GIL) to Abu Dhabi-Malaysia Investment Company (ADMIC).
Mohd Hazem Abd Rahman, 47, however, said he never asked Najib, who was the prime minister at that time, to clarify the matter but shared his concern with former 1MDB chairman, Tan Sri Lodin Wok Kamaruddin and Najib’s former principal private secretary, the late Datuk Azlin Alias knowing that they had access to Najib. ....

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