Tag: 1MDB

Najib’s RM3.3m gifts for ‘royalty’ in question

Ex-PM Najib Razak says, "Yes, my credit cards used for RM3.3m in one day to buy gifts for royalty." Just hours after a senior bank officer confirmed in court a series of transactions totalling €763,500. “This spending is for gifts to a senior member of...

From slapping Najib to ‘shut up’ Najib, Singapore born Chef Wan relentless against fallen PM

Kuala Lumpur — Celebrity chef Redzuawan Ismail, popularly known as Chef Wan, says he almost came face-to-face with fallen Prime Minister Najib Razak at a Japanese restaurant in the Pavilion Mall at Bukit Bintang. The celebrity Chef could not take it anymore when Najib made...

Money from 1MDB Deutsche Bank loans used to buy controversial super yacht

The US Department of Justice says 'emergency' loans from Deutsche Bank to Malaysia's 1MDB worth US1.2 billion in 2014 found its way into the hands of those who bought a luxury yacht which became a controversial issue in Malaysia during Najib Razak's reign as...

Fallen PM Najib back in active politics

KUALA LUMPUR: Rumours that fallen PM Najib Razak will return to active politics came true with the latter's appointment as the chairman of the Barisan Nasional advisory board. The Barisan Nasional lost the 2018 elections to the Pakatan Harapan leading to Najib's resignation as Prime...

Explosive evidence but Najib is presumed innocent

Explosive evidence has come to light in the SRC International trial but fallen Prime Minister Najib Razak remains innocent until proven guilty. The CEO of SRC International, a powerful man who handled the financials and administrative affairs of the company, had ordered key prosecution witness former...

Biggest 1MDB financial crime case starts next month with Najib in the box

A judge denied prosecutors application to further delay the much awaited 1MDB trial, setting the date to August 19. High Court judge Justice Collin Lawrence Sequerah rejected the application by government prosecutors who wanted the 1MDB trial to start after the SCR International trial. Both...

Did corporations charged for delivering goods to Najib know it was stolen 1MDB money?

Malaysia's new anti-graft chief wrecked havoc among the corporate world after the government filed a civil forfeiture suit against 41 entities comprising individuals, companies and political parties. But the big question remains: Who will repay the corporate bodies for the goods delivered? The local distributor of...

Najib deputy facing highest number of charges in Malaysia

Datuk Seri Ahmad Zahid Hamidi
Former Prime Minister Najib Razak's deputy, Ahmad Zahid Hamidi claimed trial to seven new charges of corruption involving S$4.24mil (about RM12.92mil) yesterday. He is now facing the most corruption charges with a longer list than his ex-boss Najib who is facing up to 42 charges. Accused...

Malaysian portal founder benefited largely in 1MDB bond flip: The Edge

By Veronica Cordoba Investigations into the extent of the 1MDB scandal shows a network of businesses and people who benefited from a bond flip and they include the founders of a Malaysian portal, The Malaysian Insider. A company which benefited from the bond flip, the Morningstar...

Malaysian court delays Goldman case on 1MDB fund theft

The Malaysian case against Goldman Sachs on charges the US investment bank stole huge sums from the country's 1MDB state fund was postponed Monday until September after defence lawyers argued there was a problem with paperwork. Malaysia filed criminal charges against three units and two...