Category Archives: 1MDB

Ezam files suit for return of US$3.7 billion to 1MDB

KUALA LUMPUR: Former senator Mohamad Ezam Mohd Nor has filed a suit against the prime minister and 13 individuals who have been directors on the board of 1Malaysia Development Berhad (1MDB) to return at least US$3.657 billion (RM16.14 billion) to … Continue reading

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DAP: 1MDB’s inclusion in Swiss report a ‘national shame’

PETALING JAYA: DAP parliamentary leader Lim Kit Siang has characterised the inclusion of the alleged 1MDB scandal in a list of investigations by the Swiss Attorney-General’s office in its annual report for 2016 as a “national shame” for Malaysia. “What … Continue reading

Posted in 1MDB, DAP Updates

Swiss Regulator Still Probing Three Banks Over 1MDB Role

(Bloomberg) — Switzerland’s financial regulator said it’s still investigating three private banks in relation to alleged corruption and money laundering at the Malaysian government fund known as 1MDB. A probe of UBS Group AG in the matter was closed. “There … Continue reading

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Putrajaya owns 1MDB’s ‘operational debt’, Pua tells Johari

PETALING JAYA: Tony Pua has countered Second Finance Minister Johari Abdul Ghani’s argument that Putrajaya had not taken over 1MDB debts by saying that it is not possible that the debts of wholly-owned subsidiaries are not also the debt of … Continue reading

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Singapore seizes S$50 mil private jet belonging to 1MDB mastermind Jho Low

By Jude Chan, The Edge SINGAPORE (Feb 6): Singapore has reportedly seized a US$35 million (S$50 million) private jet belonging to 1MDB mastermind Low Taek Jho, also known as Jho Low. The Bombardier Global 5000 jet has been impounded by … Continue reading

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US prosecutors seek approval for sale of Jho Low’s hotel stake

NEW YORK • In its latest move to recover funds allegedly siphoned from Malaysian state fund 1Malaysia Development Berhad (1MDB), the US Justice Department has asked a US federal court to approve a plan to sell financier Jho Low’s stake … Continue reading

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Dr M to chase every sen ‘wrongfully spent by 1MDB’

SHAH ALAM: If the opposition wins the next general election, it will chase every sen that has been allegedly misappropriated by 1MDB, promised Dr Mahathir Mohamad. This is part of Pakatan Harapan (PH) and Parti Pribumi Bersatu Malaysia’s (PPBM) election … Continue reading

Posted in 1MDB, Dr Mahathir Mohamad