Category Archives: 1MDB

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

Posted in 1MDB

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

Posted in 1MDB

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

Jho Low’s alias revelation brings new twist to 1MDB saga

A significant twist has emerged with regard to the 1MDB saga where it was disclosed in a Singapore court that billionaire Jho Low had also used a different name in his financial dealings involving Malaysia’s troubled investment fund. Though investigations … Continue reading

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Shame on you, Jho Low

By Stephen Ng COMMENT When flamboyant Malaysian wheeler-dealer financier Low Taek Jho’s father and three other relatives travelled to the United States to stop the seizure of 1Malaysia Development Berhad (1MDB) assets worth over US$1 billion by the US Department … Continue reading

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1MDB probe: Former BSI Bank director Yvonne Seah sentenced to 2 weeks in prison

Yvonne Seah, 45, pleaded guilty to three of seven charges – one for failing to report suspicious transactions and two for forgery. By Vanessa Paige Chelvan Former BSI Singapore banker Yvonne Seah Yew Foong and her lawyer leaving court in Singapore. … Continue reading

Posted in 1MDB, Court case