Business News
Ex-1MDB Chairman Seeks to Share Liability with Former Directors and CFO
Irwan Serigar, ex-1mdb chair, seeks to share liability with ex-directors and CFO in 1MDB’s US$6.59 billion civil suit.
Category: 1MDB
Business News
Najib admits now the RM42 million CREDITED in his account is NOT from Saudi Arabia
Ex-PM Najib Razak admitted in court that RM42 million in his accounts is unrelated to a Saudi donation, acknowledging prior misinformation.
Business News
Najib Sentenced to 15 Years in Prison in 1MDB Case. A fine of RM11.38 billion!
A Malaysian court sentenced former Prime Minister Najib Razak to 15 years in prison for abuse of power and money laundering linked to 1MDB.
Corruption
Najib Convicted on Abuse of Power Charge in Ongoing 1MDB Trial
Judge Sequerah convicts Najib on second abuse of power count over power plant acquisitions requiring his pivotal approval.
1MDB
Court Rules 1MDB-PetroSaudi JV Illegal; Jho Low Najib’s Agent in Fund Diversion
Judge Sequerah finds 1MDB's PetroSaudi investment unlawful, funds diverted to Jho Low's company; Najib held ultimate control.
People
Lawyer Demands Immediate House Arrest for Najib if Court Rules in Favour
Najib Razak's lawyer insists on immediate house arrest if High Court validates royal addendum next Monday.
1MDB
DOJ considering Tim Leissner’s extradition to Malaysia
Tim Leissner, implicated in the 1MDB scandal, faces extradition for fraud after receiving a lenient two-year sentence.
1MDB
Prosecution: Najib Razak ‘Architect’ of 1MDB Crimes, Not Victim of Rogue Subordinates
Deputy public prosecutor Ahmad Akram Gharib told the High Court Najib Razak was the orchestrator of 1MDB crimes, not a victim.
1MDB
Prosecution Dismisses Najib’s Claim of RM2 Billion Saudi Donation as “Fabrication”
Prosecutors rejected Najib Razak’s claim of receiving RM2 billion from Saudi Arabia, calling the donation letters unauthenticated and fabricated.
1MDB
Najib Named Main Beneficiary of RM2.28bil 1MDB Funds, Court Told
The High Court was told that Datuk Seri Najib Razak was the main beneficiary of RM2.28bil misappropriated from 1MDB.
1MDB
Najib’s Lawyer Claims Jho Low made US$1.9 million from 1MDB, not Najib
Najib Razak’s lawyer argued that former 1MDB CEO Shahrol Azral benefited from his position secured through Jho Low’s recommendation.
1MDB
Najib Says He Returned US$620mil to Donor with Bank Negara’s Approval
Najib Razak told the High Court he returned US$620mil of unused donation funds to the source with Bank Negara’s consent.
1MDB
Malaysia Secures RM1.4 Billion Settlement with JPMorganChase Over 1MDB Claims
Malaysia and JPMorganChase reached a RM1.4b settlement, resolving all historic and future 1MDB claims, with both parties withdrawing pending appeals.
1MDB
High Court Sets Sept 19 to Hear Najib’s Bid on Royal House Arrest Addendum
The High Court will hear Najib Razak's application on Sept 19 regarding new evidence for his house arrest sentence enforcement.
1MDB
Federal Court to Rule Wednesday on Najib’s ‘Royal Addendum’ House Arrest Bid
The Federal Court will decide on Najib Razak's request for house arrest, claiming a royal addendum supports his reduced sentence, despite government disputes over…
1MDB
No Credible Proof Jho Low Is in China Using Aussie Passport, Says Home Minister
Home Minister Saifuddin Nasution Ismail dismissed reports alleging Jho Low's presence in China, citing lack of credible evidence.