Tag: Ambank

Najib in the dark over billions managed by others in his accounts

Former Malaysian prime minister Najib Razak told the High Court that other people were managing his private banking accounts and he did not give them the right to do so. Once again, Najib is putting the blame on other people for the mess done with...

Jho Low, 1MDB fugitive, was at Najib’s house in 2011

KUALA LUMPUR — The alleged 1MDB mastermind and fugitive Jho Low whose real name is Low Taek Jho was at the former Malaysian Prime Minister's house in mid-January 2011 and met with a banker who provided bank account and credit card opening forms Najib...

Axiata’s sale of India operations positive

Malaysia's AmBank research said the Axiata Group's attempt to sell its 19.8% stake in India-based Idea Cellular (Idea), which registered a 4QCY16 loss of INR3.8bil vs. a 3QCY16 net profit of INR915mil, was a good move. Idea is expected to remain in the red in FY18F with...