Category Archives: 1MDB

‘Strange to return Bandar M’sia deposit if consortium broke deal’

  It is unconventional for the Finance Ministry to return the RM741 million deposit paid for the Bandar Malaysia land, if it insists that the payment deal was breached, said Petaling Jaya Utara MP Tony Pua. Project owner TRX City … Continue reading

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Bandar Malaysia dispute: 1MDB crisis will relapse, says Rafizi

KUALA LUMPUR: The 1MDB crisis looks set to haunt Prime Minister Najib Razak following the lapse in his pet project Bandar Malaysia’s share sale agreement (SSA), a deal which the government claimed was needed to restructure the state firm’s debts. … Continue reading

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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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