Two ex-directors to be included as third parties in US$6.59b 1MDB …
3 days ago · PUTRAJAYA (Jan 6): Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Dr Mohd Irwan Serigar Abdullah, who is former treasury secretary general, will bring in two former 1MDB board members as third parties in a US$6.59 billion suit filed by the strategic development company against him and former 1MDB president Arul Kanda Kandasamy. This follows the Federal Court’s ruling to dismiss ...
1MDB trial: Najib claims Anwar’s remarks validates his claim of ...
1 day ago · On Oct 30, Najib was ordered by the High Court to enter his defence on four counts of using his position to obtain RM2.28bil gratification from 1MDB's funds and 21 counts of money laundering ...
Two former board members to remain as third parties in 1MDB …
2 days ago · Consequently, 1MDB is seeking US$6.59bil in damages from both defendants for these violations, and an additional RM2.9mil from Irwan related to the extension of the employment agreement.
Two Ex-1MDB Board Members To Remain As Third Parties In 1MDB …
2 days ago · In May 2021, 1MDB filed a lawsuit against Mohd Irwan and Arul Kanda, accusing them of breach of trust and conspiracy that resulted in losses of US$1.83 billion related to the company's investment in 1MDB-Petrosaudi Ltd, which was later converted into the Brazen Sky Limited investment, said to be recoverable from the Bridge Global Fund.
1MDB scandal: Court orders ex-Malaysian PM to ... - Associated Press News
Oct 30, 2024 · Malaysia's High Court has ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund.
Malaysia 1MDB scandal: Latest News and Updates - South China Morning Post
Oct 28, 2024 · Malaysians slam ‘disingenuous apology’ for 1MDB scandal, scoff at former leader’s claim he was misled by associates. Critics accuse Anwar Ibrahim’s government of slipping plans for a new law into...
Justice Department to Recover Nearly $85M in Additional Funds …
Jul 23, 2024 · The Justice Department has reached an agreement with “Jasmine” Loo Ai Swan (Loo), the former general counsel of 1Malaysia Development Berhad (1MDB), Malaysia’s sovereign investment development fund, to recover artwork by Pablo Picasso and a financial account in Switzerland traced to funds allegedly embezzled from 1MDB.
Swiss indict 2 managers of Saudi oil company in 1MDB scandal
Apr 25, 2023 · GENEVA (AP) — Swiss prosecutors said Tuesday they have indicted two managers of a Saudi oil exploration company as part of a yearslong international investigation of a scandal linked to a Malaysian sovereign wealth fund that the FBI once described as the “biggest kleptocracy case” ever.
Why is Goldman Sachs suing Malaysia over 1MDB scandal?
Oct 12, 2023 · Three years ago, New York-based Goldman Sachs agreed to pay $3.9bn to settle Malaysia’s criminal probe over the bank’s role in the scandal. But the deal has been mired in disputes and this week...
Malaysia's Jailed Ex-PM Najib Apologises for Mishandling of 1MDB …
Oct 24, 2024 · KUALA LUMPUR (Reuters) - Jailed former Malaysia Prime Minister Najib Razak on Thursday issued a rare apology for his mishandling of the multibillion-dollar 1MDB financial scandal, but...