Tag: 1MDB

Najib denies giving orders to amend 1MDB-linked company’s constitution to give him control

Former Malaysian prime minister Najib Razak today denied at the High Court that he ordered amendments to articles of SRC International Sdn Bhd’s constitution to give him control. He told the High Court at the hearing of his RM42 million SRC International money laundering and...

Another bad day for Najib Razak: U.K. grants Malaysia’s appeal against Abu Dhabi’s 1MDB-tainted IPIC

Najib Razak is facing bad days in his defence in the 1MDB scandal and yesterday, the Malaysian government succeeded in its appeal in London against attempts to block Malaysia's move to seek the recovery of US$3.5 billion (RM14.7 billion) that was paid by 1DMB...

Brave audit officer secretly kept 1MDB documents and covertly taped a 1MDB meeting

National Audit Department (NAD) staff, Nor Salwani Muhammad secretly kept one of the 60 copies of the original 1MDB audit report and this helped preserve evidence of modifications to the report, the Kuala Lumpur High Court heard yesterday. The report was prepared in 2016 and...

Najib lied to the world on Saudi donation: DPP

Former Malaysian Prime Minister Najib Razak lied to the world when he said billions of ringgit that flowed in his bank account comprised of donations from a royal figure in Saudi Arabia. Deputy public prosecutor Datuk Seri Gopal Sri Ram said that Najib knew the...

Najib seeks a last-minute postponement of yet another 1MDB case

Malaysian ex-PM Najib Razak, accused of committing an offence at the Complex of the Prime Minister's Department, Federal Government's Administrative Centre, Putrajaya between Feb 22 and Feb 26, 2016 and using his position to order amendments to the 1MDB final audit report, is seeking a...

Will Najib see jail time?

Now that the axe has fallen, albeit a little closer on former Malaysian Prime Minister Najib Razak, the question is, will he see jail time? The Kuala Lumpur High Court had ruled, this week (Nov 11), that Najib has a case to answer in all...

Mahathir is surprised that Najib is shocked about entering his defence in corruption case

Malaysian Prime Minister Tun Dr Mahathir Mohamad expressed surprised at ex-PM Najib Razak's 'shocked expression' that he had to enter his defence on seven charges in the 1MDB-linked SRC International trial. “I am shocked that he is shocked." Dr Mahathir said this after the media asked...

Najib in shock at having to enter defence on corruption charges

Najib Razak, the former Prime Minister of Malaysia, was in shock that he was not acquitted of all charges in the SRC International Sdn Bhd case with the KL High Court ordering him to enter his defence. His lawyer Muhammad Shafee Abdullah said Najib thought he would be acquitted of all seven...

Malaysia targets hidden properties worth $4.3b siphoned through 1MDB

Anti-graft buster chief Latheefa Koya told reporters Malaysia is working to locate assets worth $4.3 billion which are yet to be accounted for and acquired with stolen money from the sovereign fund 1MDB. The global money-laundering probe extends to at least six countries and Malaysia is working with these countries in an attempt to locate these properties. This...

Suspicion of 1MDB corruption did not stop Goldman Sachs officials lured by cash pile

A class action by shareholders brings new accusations and evidence from senior witnesses within Goldman Sachs who willing to testify that top officeholders knew about the corruption problems at 1MDB. But the top officials pushed the deal because of the money it made for the...