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A New Malaysia
Overhauling Malaysia | The 1MDB Scandal
As promised in their GE14 manifesto, the new Pakatan (PH) government has finally succeeded in putting a case together on the 1MDB scandal. Today the former Malaysian Prime Minister Datuk Seri Najib Tun Razak has been formally charged for 3 counts of CBT for a total of RM42 mil and also the abuse of power in relation to the 1MDB scandal.
New Malaysia | Najib's 1MDB Trial |
In the News Snippets & Links
Nov 12, 2019 | Najib’s 1MDB trial to resume Jan 6, unable to proceed today as witness, lawyer sick
Datuk Seri Najib Razak’s corruption trial over the alleged financial fraud 1Malaysia Development Berhad (1MDB) will not go on today or tomorrow as both his lawyer and the witness are both on sick leave.|Read more >|Malaymail
Nov 07, 2019 | 1MDB ex-CEO denies negligence in sending 1MDB’s money to Jho Low’s firm
The 1Malaysia Development Berhad (1MDB) senior management was not negligent when it sent hundreds of millions in US dollars to Good Star Limited in 2009 and 2011 without investigating the latter’s real owner, 1MDB’s former CEO said today.|Read more >|Malaymail
Nov 07, 2019 | 1MDB trial: I want to make him swallow his own vomit, says Shafee
The lead defence counsel in the 1Malaysia Development Bhd (1MDB) trial said he wanted to make the former chief executive of the sovereign wealth fund "swallow his own vomit" for linking Datuk Seri Najib Razak to notorious businessman Low Taek Jho @ Jho Low.|Read more >|NST
Nov 07, 2019 | Additional RM1b approved by Najib not recommended by 1MDB BOD: Witness
The High Court was today told that an additional RM1 billion which was invested in the 1MDB-PetroSaudi International Ltd joint-venture was approved by Datuk Seri Najib Abdul Razak, in 2011.|Read more >|SunDaily
Nov 07, 2019 | 1MDB transferred US$330mil into Good Star's account, court told
The High Court was told that 1Malaysia Development Bhd (1MDB) had transferred money into the account of Good Star Ltd, which belongs to fugitive financier Low Taek Jho, also known as Jho Low, when the money was intended for PetroSaudi International Ltd (PSI).|Read more >|TheStar
Nov 06, 2019 | Ex-1MDB CEO agrees Jho Low, Patrick Mahony and Tarek Obaid conspired to mislead Najib
Former 1 Malaysia Development Berhad (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi agreed with the assertion by the trial’s defence that fugitive financier Low Taek Jho had conspired with two Petrosaudi International Limited (PSI) directors, Patrick Mahoney and Tarek Obaid to mislead former Prime Minister Datuk Seri Najib Razak, the High Court heard today.|Read more >|Malaymail
Nov 06, 2019 | PSI chief ordered company to transfer RM342mil into his personal account, court told
PetroSaudi International Ltd (PSI) CEO Tarek Obaid ordered the transfer of 82mil Swiss francs (RM342mil) from PSI's account to his personal account, the High Court heard on Wednesday (Nov 6).|Read more >|TheStar
Nov 06, 2019 | Najib's lawyer: PSI CEO Tarek 'hijacked' 1MDB's US$500m loan to take 82m Swiss Francs for Jho Low's firm
PetroSaudi International (PSI) CEO Tarek Obaid diverted money from US$500 million (RM2.06 billion) hat was borrowed from 1Malaysia Development Berhad (1MDB) for a purported investment, by ordering 82 million Swiss Francs from the US$500 million to be sent to Low Taek Jho's company's account, the High Court heard today.|Read more >|Malaymail
Nov 06, 2019 | US$17,000 of 1MDB money used to pay for Starbucks coffee
It took just one week for the owner of PetroSaudi International Ltd (PSI), Tarek Obaid, to steal 82 million Swiss Francs from a joint venture company (jv) which 1Malaysia Development Bhd (1MDB) had invested in.|Read more >|NST
Nov 05, 2019 | Ex-1MDB CEO said Jho Low pressured him into expediting US$500m PSI loan
1Malaysia Development Berhad (1MDB) former Chief Executive Datuk Shahrol Azral Ibrahim Halmi said fugitive financier Low Taek Jho had pressured the sovereign wealth fund to expedite the sending of US$500 million in loan to the purported Saudi-linked PetroSaudi International Limited (PSI), the High Court heard today.|Read more >|Malaymail
Nov 05, 2019 | 1MDB lost US$2.2 billion in dealings with PSI
Former 1Malaysia Development Berhad (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi said the sovereign wealth fund was only paid RM129 million by PetroSaudi International Limited (PSI) although it owed 1MDB a total of US$2.2 billion.|Read more >|SunDaily
Nov 04, 2019 | Ex-CEO: 1MDB didn’t check if partner had Saudi royal ties, but Najib had ‘vouched’ for PSI
1Malaysia Development Berhad (1MDB) had not conducted due diligence checks to verify if its business partner PetroSaudi International Limited (PSI) truly had ties to the Saudi royal family or the Saudi government before entering into deals together, the High Court heard today.|Read more >|Malaymail
Nov 04, 2019 | Most of 1MDB funds raised for TRX, Bandar Malaysia projects, diverted to PSI, court told
The High Court here was told today that most of the funds raised by sovereign wealth fund 1Malaysia Development Berhad (1MDB) for the Tun Razak Exchange (TRX), and Bandar Malaysia development projects, had instead gone to PetroSaudi International Ltd (PSI).|Read more >|SunDaily
Oct 30, 2019 | PSI CEO received USD$85m commission for 1MDB-PSI deal, court told
The chief executive officer (CEO) of PetroSaudi International Ltd (PSI) Tarek Obaid received a commission of USD$85 million for a joint-venture (JV) deal between PSI and 1Malaysia Development Bhd (1MDB), the High Court heard today.|Read more >|NST
Oct 30, 2019 | 1MDB ex-CEO never suspected US$700m went to Jho Low despite stonewalling, denies in conspiracy
The former CEO of 1Malaysia Development Berhad (1MDB) today said he was unaware that US$700 million of the government-owned company’s funds had actually went to fugitive financier Low Taek Jho in 2009 instead of to a business partner’s purported affiliate.|Read more >|Malaymail
Oct 29, 2019 | Witness: Najib said no need for second valuation on PSI assets
Former prime minister Datuk Seri Najib Razak did not want a second valuation be done on the assets of 1Malaysia Development Bhd's (1MDB) joint venture partner, PetroSaudi International Ltd (PSI), the High Courtm heard today.|Read more >|NST
Oct 29, 2019 | Ex-CEO Shahrol confirms he is ‘1MDB Officer 2’ in US probe, but denies in league with Jho Low
Datuk Shahrol Azral Ibrahim Halmi told the High Court here today that he is the person identified as “1MDB Officer 2” in the United States government’s investigations of the global financial scandal.|Read more >|Malaymail
Oct 29, 2019 | 1MDB board was unaware of US$1b JV fund split: Ex 1MDB CEO
The High Court today was told that the 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the decision to split the US$1 billion meant for 1MDB-PetroSaudi International Ltd (PSI) joint venture (JV) into US$300 million and US$700 million, with the bigger portion eventually going to Good Star Ltd.|Read more >|SunDaily
Oct 29, 2019 | Najib’s 1MDB trial: CEO’s fiduciary duty still a hot topic in cross-examination
The fiduciary duty of a CEO was still a hot topic in the cross-examination of key witness Datuk Shahrol Azral Ibrahim Halmi in the 1Malaysia Development Bhd (1MDB) trial.|Read more >|TheStar
Oct 29, 2019 | Ex-1MDB CEO claims would have quit if could go back in time
Datuk Shahrol Azral Ibrahim Halmi today said he would have resigned as chief executive of 1Malaysia Development Berhad (1MDB) if he could revisit the opportunity.|Read more >|Malaymail
Oct 24, 2019 | Former 1MDB CEO: 'We only did internet search on PetroSaudi asset
1Malaysia Development Bhd (1MDB) happily gave away US$1 billion to its joint venture partner, which had made grandiose claims of owning billions of dollars worth of assets, by relying mainly on Google search to verify its background.|Read more >|NST
Oct 24, 2019 | Jho Low was advising 1MDB, Najib and PetroSaudi at the same time, court told
Fugitive financier Low Taek Jho was in direct conflict of interest with 1Malaysia Development Berhad (1MDB) as he was also advising PetroSaudi International (PSI) in 2009, the trial’s defence lawyer suggested at the High Court today.|Read more >|Malaymail
Oct 24, 2019 | Ex-CEO: 1MDB like ‘fools’, gave US$1b when partner only put in US$108m of US$1.5b promised
1Malaysia Development Berhad (1MDB) was like a fool when it injected US$1 billion into a joint venture, while its Cayman Island-based joint venture partner only put in US$108 million worth of assets instead of the full US$1.5 billion assets into the joint venture, the High Court heard today.|Read more >|Malaymail
Oct 24, 2019 | 1MDB BOD not informed about US$700m loan in JV with PSI
The High Court was today told that 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the US$700 million (RM2.93 billion) debt by its joint-venture company 1MDB-PetroSaudi Ltd upon the signing of the joint venture with PetroSaudi International Ltd (PSI).|Read more >|SunDaily
Oct 24, 2019 | 1MDB was Najib, Najib was 1MDB, says witness
Former chief executive officer of state-owned sovereign wealth fund 1Malaysia Development Berhad (1MDB) today described that the “1MDB was Datuk Seri Najib, Datuk Seri Najib was 1MDB”.|Read more >|SunDaily
Oct 24, 2019 | Former 1MDB CEO and defence in war of words over meaning of 'fiduciary'
A key witness in the 1Malaysia Development Bhd (1MDB) trial got into a war of words with the defence over the word "fiduciary" relating to his role in the sovereign wealth fund.|Read more >|TheStar
Oct 21, 2019 | 1MDB scandal: Court hears how US$700 million was paid for US$1 company
The former chief executive of 1Malaysia Development Bhd (1MDB) today gave further insights on how the sovereign wealth fund was run, including his mindset of doing things in Team Najib while managing affairs.|Read more >|NST
Oct 21, 2019 | 1MDB ex-CEO thought he could decide US$700m transfer without consulting the board
Datuk Shahrol Azral Ibrahim Halmi today said he believed that he had the power to proceed with 1Malaysia Development Berhad’s (1MDB) US$700 million (RM2.9 billion) transfer out without consulting the 1MDB board about this September 2009 transaction that had come up on short notice.|Read more >|Malaymail
Oct 21, 2019 | Signing ceremony between 1MDB and PSI JV never happened
The signing ceremony of the joint-venture (JV) project between 1Malaysia Development Berhad (1MDB) and PetroSaudi International Ltd (PSI) never happened, the High Court heard today.|Read more >|SunDaily
Oct 21, 2019 | I was discouraged from being a 'busybody', says former 1MDB CEO
A witness told the High Court here that he was discouraged from being a “busybody” on matters pertaining to 1Malaysia Development Berhad (1MDB).|Read more >|TheStar
New Malaysia | T Adnan's Corruption Trial |
In the News Snippets & Links
Sep 20, 2019 | As trial starts, court told Tengku Adnan accepted RM1m bribe for larger land in Jalan Semarak
The prosecution kicked off the corruption trial of Umno’s Datuk Seri Tengku Adnan Tengku Mansor today by portraying him as a lawmaker who abused his ministerial position for personal gratification.|Read more >|Malaymail
Sep 20, 2019 | KuNan received monthly salary of RM39,227.20 including allowance, court told
The High Court here was told today that former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (pix) received a monthly salary of RM39,227.20, including allowance, from 2013 to 2018.|Read more >|SunDaily
New Malaysia | Isa Samad's Corruption Trial |
In the News Snippets & Links
Oct 24, 2019 | GAPSB handed over RM3.09m in stages after receiving ‘salam’ from Mohd Isa: Witness
A former board member of Gegasan Abadi Properties Sdn Bhd (GAPSB) told the High Court here today that he had given bribes totalling RM3.09 million to Tan Sri Mohd Isa Abdul Samad after receiving ‘salam’ (greetings) from the former Felda Chairman.|Read more >|SunDaily
Oct 24, 2019 | Isa's middleman sent 'salam' to ask for payments totalling RM3.09 million
In a damning testimony, a witness revealed in the High Court today that ‘salam’ (greetings) was used as a codename to mask kickbacks to former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Samad.|Read more >|NST
Oct 21, 2019 | Isa Samad solicited for RM3m from GAPSB: Witness
The High Court here was today told that former Felda chairman Tan Sri Mohd Isa Abdul Samad (pix) solicited RM3 million from Gegasan Abadi Properties Sdn Bhd (GAPSB) in the purchase of Merdeka Palace Hotel & Suites (MPSH) worth RM160 million.|Read more >|SunDaily
Oct 18, 2019 | Lawyer accuses former Felda Investment boss of blaming Isa to save own neck
There was drama at the trial of former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Samad at the High Court today.|Read more >|NST
Oct 18, 2019 | I never agreed with the hotel purchase: FICSB ex-ceo
Former Felda Investment Corporation Sdn Bhd (FICSB) chief executive officer Mohd Zaid Abdul Jalil told the High Court here today that it was only him who disagreed with the purchase of Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak worth RM160 million.|Read more >|SunDaily
Oct 18, 2019 | Isa Samad trial: I disagreed with Sarawak hotel purchase but kept mum, admits ex-FICSB CEO
Former Felda Investment Corporation Sdn Bhd (FICSB) chief executive officer Mohd Zaid Abdul Jalil told the High Court here today that it was only him who disagreed with the purchase of Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak worth RM160 million.|Read more >|Malaymail
Oct 17, 2019 | Isa Samad trial: I did not overstep authority in hotel purchase, says ex-FICSB CEO
A former chief executive officer of Felda Investment Corporation Sdn Bhd (FICSB) told the High Court here today that he did not overstep his authority in the purchase of Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak.|Read more >|Malaymail
Oct 16, 2019 | No report lodged on Felda hotel purchase that exceeded RM100m, says witness
The High Court heard today that no reports were lodged to the authorities on the purchase of Merdeka Palace Hotel & Suites by Felda Investment Corporation Sdn Bhd (FICSB) although it was made above the RM100 million investment mandate set by its parent company.|Read more >|NST
Oct 16, 2019 | Former 1MDB CEO signed away US$1 billion without checking, court told
Former Felda Investment Corporation Sdn Bhd (FICSB) chief executive officer (CEO) Mohd Zaid Abdul Jalil denied having any personal interest in the purchase of Merdeka Palace Hotel & Suites.|Read more >|NST
Oct 17, 2019 | No report lodged on Felda hotel purchase that exceeded RM100m, says witness
The High Court heard today that no reports were lodged to the authorities on the purchase of Merdeka Palace Hotel & Suites by Felda Investment Corporation Sdn Bhd (FICSB) although it was made above the RM100 million investment mandate set by its parent company.|Read more >|NST
Oct 16, 2019 | Witness: Isa said there was no need to table proposal for hotel acquisition in board meeting
Former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad had excluded the tabling of proposal for the acquisition of Merdeka Palace Hotel & Suites, costing RM160 million, in the Felda board of director’s meeting, the High Court heard.|Read more >|NST
Oct 16, 2019 | Najib instructed Felda subsidiary to review Kuching hotel acquisition proposal
Datuk Seri Najib Razak’s name cropped up in the High Court today when it was revealed that he instructed Felda Investment Corporation Sdn Bhd (FICSB) to revaluate the Merdeka Palace Hotel & Suites acquisition proposal.|Read more >|NST
Oct 09, 2019 | Isa Samad did not seek Felda board approval for hotel purchase, court told
The High Court here was told today that former Felda chairman Tan Sri Mohd Isa Samad did not seek approval to purchase the RM160 million Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak, at the Felda’s Board of Directors’ (BOD) meeting.|Read more >|Malaymail
Oct 07, 2019 | RM160m hotel purchase not according to Felda’s mandate: Witness
The High Court here was told today that former Felda chairman Tan Sri Mohd Isa Abdul Samad had surpassed a mandate in the purchase of the RM160 million Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak by Felda Investment Corporation Sdn Bhd (FICSB).|Read more >|SunDaily
Oct 07, 2019 | Isa Samad corruption trial: Felda channels RM653m to FICSB
The High Court here was today told that Felda had channelled funds to its subsidiary, Felda Investment Corporation Sdn Bhd (FICSB) amounting to RM653 million for investment and business.|Read more >|SunDaily
Oct 07, 2019 | Prosecution says will prove ex-Felda chairman Isa Samad received more than RM3m in bribes
The prosecution will prove that former Felda chairman Tan Sri Mohd Isa Abdul Samad had received more than RM3 million in bribes over the approval of the purchase of a hotel in Kuching, Sarawak, by Felda Investment Corporation Sdn Bhd (FICSB).|Read more >|Malaymail
New Malaysia | Najib's SRC Trial |
In the News Snippets & Links
Oct 22, 2019 | AG: It was a well planned, deliberate and pre-meditated plot
Datuk Seri Najib Razak was involved in every step of the way in ripping off SRC International right from the time it was established, the High Court heard today.|Read more >|NST
Oct 22, 2019 | SRC trial: Najib who ‘orchestrated’ SRC’s RM42m fraud, must enter defence to answer himself
Datuk Seri Najib Razak must be called to his defence to explain his complicity in the misappropriation of RM42 million belonging to SRC International Sdn Bhd by abusing his power as prime minister and finance minister, the High Court heard today.|Read more >|Malaymail
New Malaysia | Najib's 1MDB Trial |
In the News Snippets & Links
Oct 30, 2019 | PSI CEO received USD$85m commission for 1MDB-PSI deal, court told
The chief executive officer (CEO) of PetroSaudi International Ltd (PSI) Tarek Obaid received a commission of USD$85 million for a joint-venture (JV) deal between PSI and 1Malaysia Development Bhd (1MDB), the High Court heard today.|Read more >|NST
Oct 30, 2019 | 1MDB ex-CEO never suspected US$700m went to Jho Low despite stonewalling, denies in conspiracy
The former CEO of 1Malaysia Development Berhad (1MDB) today said he was unaware that US$700 million of the government-owned company’s funds had actually went to fugitive financier Low Taek Jho in 2009 instead of to a business partner’s purported affiliate.|Read more >|Malaymail
Oct 29, 2019 | Witness: Najib said no need for second valuation on PSI assets
Former prime minister Datuk Seri Najib Razak did not want a second valuation be done on the assets of 1Malaysia Development Bhd's (1MDB) joint venture partner, PetroSaudi International Ltd (PSI), the High Courtm heard today.|Read more >|NST
Oct 29, 2019 | Ex-CEO Shahrol confirms he is ‘1MDB Officer 2’ in US probe, but denies in league with Jho Low
Datuk Shahrol Azral Ibrahim Halmi told the High Court here today that he is the person identified as “1MDB Officer 2” in the United States government’s investigations of the global financial scandal.|Read more >|Malaymail
Oct 29, 2019 | 1MDB board was unaware of US$1b JV fund split: Ex 1MDB CEO
The High Court today was told that the 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the decision to split the US$1 billion meant for 1MDB-PetroSaudi International Ltd (PSI) joint venture (JV) into US$300 million and US$700 million, with the bigger portion eventually going to Good Star Ltd.|Read more >|SunDaily
Oct 29, 2019 | Najib’s 1MDB trial: CEO’s fiduciary duty still a hot topic in cross-examination
The fiduciary duty of a CEO was still a hot topic in the cross-examination of key witness Datuk Shahrol Azral Ibrahim Halmi in the 1Malaysia Development Bhd (1MDB) trial.|Read more >|TheStar
Oct 29, 2019 | Ex-1MDB CEO claims would have quit if could go back in time
Datuk Shahrol Azral Ibrahim Halmi today said he would have resigned as chief executive of 1Malaysia Development Berhad (1MDB) if he could revisit the opportunity.|Read more >|Malaymail
Oct 24, 2019 | Former 1MDB CEO: 'We only did internet search on PetroSaudi asset
1Malaysia Development Bhd (1MDB) happily gave away US$1 billion to its joint venture partner, which had made grandiose claims of owning billions of dollars worth of assets, by relying mainly on Google search to verify its background.|Read more >|NST
Oct 24, 2019 | Jho Low was advising 1MDB, Najib and PetroSaudi at the same time, court told
Fugitive financier Low Taek Jho was in direct conflict of interest with 1Malaysia Development Berhad (1MDB) as he was also advising PetroSaudi International (PSI) in 2009, the trial’s defence lawyer suggested at the High Court today.|Read more >|Malaymail
Oct 24, 2019 | Ex-CEO: 1MDB like ‘fools’, gave US$1b when partner only put in US$108m of US$1.5b promised
1Malaysia Development Berhad (1MDB) was like a fool when it injected US$1 billion into a joint venture, while its Cayman Island-based joint venture partner only put in US$108 million worth of assets instead of the full US$1.5 billion assets into the joint venture, the High Court heard today.|Read more >|Malaymail
Oct 24, 2019 | 1MDB BOD not informed about US$700m loan in JV with PSI
The High Court was today told that 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the US$700 million (RM2.93 billion) debt by its joint-venture company 1MDB-PetroSaudi Ltd upon the signing of the joint venture with PetroSaudi International Ltd (PSI).|Read more >|SunDaily
Oct 24, 2019 | 1MDB was Najib, Najib was 1MDB, says witness
Former chief executive officer of state-owned sovereign wealth fund 1Malaysia Development Berhad (1MDB) today described that the “1MDB was Datuk Seri Najib, Datuk Seri Najib was 1MDB”.|Read more >|SunDaily
Oct 24, 2019 | Former 1MDB CEO and defence in war of words over meaning of 'fiduciary'
A key witness in the 1Malaysia Development Bhd (1MDB) trial got into a war of words with the defence over the word "fiduciary" relating to his role in the sovereign wealth fund.|Read more >|TheStar
Oct 21, 2019 | 1MDB scandal: Court hears how US$700 million was paid for US$1 company
The former chief executive of 1Malaysia Development Bhd (1MDB) today gave further insights on how the sovereign wealth fund was run, including his mindset of doing things in Team Najib while managing affairs.|Read more >|NST
Oct 21, 2019 | 1MDB ex-CEO thought he could decide US$700m transfer without consulting the board
Datuk Shahrol Azral Ibrahim Halmi today said he believed that he had the power to proceed with 1Malaysia Development Berhad’s (1MDB) US$700 million (RM2.9 billion) transfer out without consulting the 1MDB board about this September 2009 transaction that had come up on short notice.|Read more >|Malaymail
Oct 21, 2019 | Signing ceremony between 1MDB and PSI JV never happened
The signing ceremony of the joint-venture (JV) project between 1Malaysia Development Berhad (1MDB) and PetroSaudi International Ltd (PSI) never happened, the High Court heard today.|Read more >|SunDaily
Oct 21, 2019 | I was discouraged from being a 'busybody', says former 1MDB CEO
A witness told the High Court here that he was discouraged from being a “busybody” on matters pertaining to 1Malaysia Development Berhad (1MDB).|Read more >|TheStar
Oct 17, 2019 | “I sign because Najib signed” says former 1MDB CEO over minutes of meeting
1Malaysia Development Berhad (1MDB) former chief executive officer told the High Court today he signed the minutes of meeting in relation to one 1MDB meeting because it was first signed by Datuk Seri Najib Abdul Razak.|Read more >|SunDaily
Oct 17, 2019 | Decision power shift in 1MDB proposed by Jho Low - Witness
It was fugitive businessman Low Taek Jho (Jho Low) who proposed for Article 117 to be inserted into 1Malaysia Development Berhad (1MDB)’s Memorandum and Articles of Association (M&A), the High Court was told on Thursday (Oct 17).|Read more >|TheStar
Oct 17, 2019 | Shahrol signed minutes knowing it was untruthful
A former 1Malaysia Development Bhd (1MDB) CEO admitted to signing a meeting minutes in 2011 despite knowing it was untruthful, the High Court heard.|Read more >|TheStar
Oct 17, 2019 | Najib was made the ‘Emperor of 1MDB’, court told
Former Prime Minister Datuk Seri Najib Abdul Razak was made the “Emperor of 1MDB”, the High Court was told yesterday.|Read more >|SunDaily
Oct 17, 2019 | Decision power shift in 1MDB proposed by Jho Low: Witness
It was fugitive businessman Low Teak Jho (Jho Low) who proposed for Article 117 to be inserted into 1Malaysia Development Berhad (1MDB)’s Memorandum and Articles of Association (M&A), the High Court was today told.|Read more >|SunDaily
Oct 16, 2019 | JV signed with wrong firm
The names of two companies carried the word “PetroSaudi”. But they were two different entities and 1Malaysia Development Bhd (1MDB) inked the deal with the wrong one, the High Court heard.|Read more >|TheStar
Oct 16, 2019 | Former 1MDB CEO signed away US$1 billion without checking, court told
The 1Malaysia Development Bhd (1MDB) management literally gave a loaded gun to PetroSaudi International Ltd (PSI) to be held against its own head when it signed a joint venture agreement (jva) with the company, the High Court heard today.|Read more >|NST
Oct 16, 2019 | Ex-1MDB CEO agrees with defence that Najib could have been manipulated in Jho Low’s ‘orchestra’
There is a “possibility” that former Prime Minister Datuk Seri Najib Razak was unknowingly manipulated by fugitive financier Low Taek Jho, the High Court heard today.|Read more >|Malaymail
Oct 16, 2019 | Najib's phone call not to be recorded in minutes of meeting
The High Court was told that 1Malaysia Development Bhd's (1MDB) former director and chairman Tan Sri Mohd Bakke Salleh instructed that a telephone call between him and Datuk Seri Najib Tun Razak should not be recored during a 1MDB-PetroSaudi International Ltd (PSI) joint-venture (JV) meeting in 2009.|Read more >|TheStar
Oct 16, 2019 | Under fire for ‘hurried’ 1MDB-PSI deal, ex-CEO says wasn’t rushed ‘for fun’
The joint venture between 1MDB and PetroSaudi International (PSI) had to be expedited to coincide with the visit Saudi Arabia’s Crown Prince to Malaysia then, Datuk Shahrol Azral Ibrahim Halmi told the High Court today.|Read more >|Malaymail
Oct 16, 2019 | Ex-1MDB CEO admits signing US$1bil agreement for PetroSaudi Cayman instead of PetroSaudi International
The High Court was told that 1Malaysia Development Bhd (1MDB) signed a joint venture (JV) agreement with PetroSaudi Holdings (Cayman) Ltd and not PetroSaudi International (PSI), which it had been in talks with.|Read more >|TheStar
Oct 14, 2019 | Federal auditors would have sniffed out money transfers to Good Star with access to 1MDB books, court told
The Auditor General and the National Audit Department (NAD) could have detected the USD700 million transfers from 1Malaysia Development Berhad (1MDB) to Good Star Limited has they been granted access to the sovereign wealth fund’s accounts, the High Court heard today.|Read more >|Malaymail
Oct 14, 2019 | ‘Content of letter came from Low’
An audit on sovereign wealth fund 1Malaysia Development Bhd (1MDB) would have revealed the trouble it was in.|Read more >|TheStar
Oct 14, 2019 | 1MDB trial: I messaged Najib on his birthday, not to double-check on instructions, say witness
Former 1Malaysia Development Bhd (1MDB) CEO’s handphone number is listed in Datuk Seri Najib Razak’s contacts, but the communication between the two were few and far between, the High Court heard.|Read more >|TheStar
New Malaysia | Najib's 1MDB Trial |
In the News Snippets & Links
Oct 10, 2019 | From 'consigliere' to 'soprammobile', 1MDB trial 'goes Italian Mafia'
It was yet another thrilling day at the High Court here today when a group of “makcik” (aunties) turned up to support Datuk Seri Najib Razak only to hear insinuations that their hero had acted like a mob boss by relying on a “consigliere” in the 1Malaysia Development Bhd (1MDB) scandal.|Read more >|NST
Oct 10, 2019 | 1MDB trial: Ex-CEO says Jho Low chose, but Najib signed appointment letters for Louis Vuitton boss, others as advisers
Datuk Seri Najib Razak personally signed the letters of appointment for famous personalities such as luxury fashion brand Louis Vuitton’s boss Bernard Arnault to act as international advisers for 1Malaysia Development Berhad (1MDB) predecessor Terengganu Investment Authority (TIA) Berhad, the company’s former CEO said today.|Read more >|Malaymail
Oct 10, 2019 | Najib agreed to federalisation of TIA, court told
The High Court here today was told that Datuk Seri Najib Abdul Razak agreed to Terengganu Investment Authority Berhad (TIA), which was later renamed as 1Malaysia Development Berhad (1MDB) being taken over by the federal government.|Read more >|SunDaily
Oct 09 2019 | RM5 billion bonds: Malaysians suffered losses while Jho Low-linked company benefited
State-owned sovereign wealth fund, 1Malaysia Development Berhad (1MDB), Social Security Organisation (Socso) and Malaysians suffered losses from the RM5 billion bonds in Islamic medium term notes (IMTN) issued by Terengganu Investment Authority Berhad (TIA).|Read more >|SunDaily
Oct 09, 2019 | Witness: Najib's face neutral on hearing Sultan Mizan angry over RM5bil TIA bond
The High Court here heard on Wednesday (Oct 9) that Datuk Seri Najib Tun Razak's facial expression was neutral when he was told that the then Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin was angry over the Terengganu Investment Authority Bhd's (TIA) RM5bil bonds issuance.|Read more >|TheStar
Oct 09, 2019 | AmBank ‘purposely’ excluded Jho Low’s firms as bondholders, 1MDB trial told
The corruption trial of Datuk Seri Najib Razak today heard that public-listed AmBank Group deliberately withheld information that several companies linked to Low Taek Jho were bondholders to the Terengganu Investment Authority (TIA), the predecessor to 1Malaysia Development Berhad (1MDB).|Read more >|Malaymail
Oct 09, 2019 | Shafee: Malaysians were screwed over twice by Jho Low-Ambank conspiracy
Local banking group AmBank found itself dragged into the 1Malaysia Development Berhad (1MDB) mess after it was revealed that someone from the bank may have conspired with Low Taek Jho @ Jho Low to rip off the sovereign wealth fund.|Read more >|NST
Oct 08 2019 | 1MDB: No chance to inform Sultan of financial inexperience, says witness
Former chief executive officer (CEO) of 1Malaysia Development Berhad (1MDB) told the High Court today that he had no opportunity to tell the then Yang Di-Pertuan Agong Sultan Mizan Zainal Abidin that he had no experience in financial matters.|Read more >|SunDaily
Oct 08, 2019 | Witness agrees that Jho Low placed ‘people around him’ in TIA
Fugitive financier Low Taek Jho (pic) brought in several “people around him” into the Terengganu Investment Authority (TIA), which was later known as 1Malaysia Development Bhd (1MDB), the High Court heard.|Read more >|TheStar
Oct 08, 2019 | 1MDB trial: Jho Low’s father mentioned in secret RM500m profit in 1MDB predecessor's bond-flipping
Low Taek Jho’s father is linked to the fugitive businessman’s 2009 infamous success in making almost RM500 million in “secret profits” by flipping bonds issued by 1Malaysia Development Berhad predecessor Terengganu Investment Authority Berhad (TIA), the High Court heard today. |Read more >|Malaymail
Oct 08, 2019 | Ambank accused of conspiring with Jho Low
It has become routine to hear about fugitive businessman Low Taek Jho’s daily during the ongoing 1Malaysia Development Bhd (1MDB) trial, but more names were dragged through the mud today as the case unfolded.|Read more >|NST
Oct 08 2019 | 1MDB: Jho Low installed his cronies into TIA, says witness
The former chief executive officer of state-owned sovereign wealth fund, 1Malaysia Development Berhad (1MDB), told the High Court here today that fugitive businessman Jho Low had brought his cronies into Terengganu Investment Authority Berhad (TIA), which later became 1MDB.|Read more >|SunDaily
Oct 08, 2019 | 1MDB ex-CEO says can’t recognise Jho Low’s signature despite working together for years
Datuk Shahrol Azral Ibrahim Halmi today confirmed that he could not recognise fugitive financier Low Taek Jho’s signature despite having worked with the man for several years, the High Court heard today.|Read more >|Malaymail
Oct 08, 2019 | Jho Low not paid a single sen for his role in TIA & 1MDB, court told
Low Taek Jho @ Jho Low, who is accused of being the brains behind the 1Malaysia Development Bhd (1MDB) scandal which cost the country billions of ringgit in losses, was not paid a single sen for his advisory roles.|Read more >|NST
Oct 07, 2019 | Najib's 1MDB trial: Former CEO denies owning shell companies, receiving US$1mil from disgraced banker
Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi has denied being an owner of shell companies or that he received US$1mil (RM4.19mil) from disgraced Goldman Sachs banker Tim Leissner.|Read more >|TheStar
Oct 07, 2019 | 1MDB ex-CEO claims telling truth in Najib's trial, not threatened with lawsuits
A witness today declared in court that he has no need to fear repercussions from testifying against former prime minister Datuk Seri Najib Razak as he is telling the truth.|Read more >|Malaymail
Oct 07, 2019 | Ex-1MDB CEO says travel ban to stop him from disappearing
The former chief executive officer (CEO) of 1Malaysia Development Bhd (1MDB) said he had been barred from travelling abroad to prevent him from disappearing.|Read more >|NST
Oct 07, 2019 | 1MDB trial: Ex-CEO says trusted Najib despite being questioned by PAC in 2015
Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he remained trusting of Datuk Seri Najib Razak even when the Public Accounts Committee (PAC) in 2015 urged authorities to investigate him for alleged mismanagement of 1Malaysia Development Berhad (1MDB).|Read more >|Malaymail
Oct 07, 2019 | Jho Low wanted all emails, BBM chats deleted to protect ‘Boss PM”: Witness
Former chief executive officer of 1Malaysia Development Berhad (1MDB) Datuk Shahrol Azral Ibrahim Halmi told the High Court here today he received instructions from fugitive businessman Low Taek Jho or Jho Low to delete communications between them to protect “The Boss”.|Read more >|SunDaily
Oct 06, 2019 | Highlights of Najib’s 1MDB trial Sept 30-Oct 1
More scandals involving 1Malaysia Development Berhad (1MDB) were uncovered at Datuk Seri Najib Razak’s trial this week, such as alleged siphoning of funds into joint ventures purportedly for the purpose of raising funds for the 13th general election (GE13).|Read more >|Malaymail
Oct 07, 2019 | 1MDB ex-CEO becomes suspicious of Jho Low when probe begins
Former chief executive officer of 1Malaysia Development Berhad (1MDB), Datuk Shahrol Azral Ibrahim Halmi (pix) told the High Court here today that he became suspicious of the fugitive businessman Low Taek Jho or Jho Low after the authorities started investigating the 1MDB case in 2015.|Read more >|SunDaily
Oct 01, 2019 | 1MDB trial: Witness says received RM160,000 bonus for joining fund’s predecessor, quizzed if CEO like postman
Datuk Shahrol Azral Ibrahim Halmi today told the court he had taken a two-month bonus totalling RM160,000 for signing on in March 2009 to join 1Malaysia Development Berhad’s (1MDB) predecessor Terengganu Investment Authority Berhad (TIA) as CEO.|Read more >|Malaymail
Oct 07, 2019 | Idea of TIA that morphed into 1MDB mooted in Abu Dhabi, court told
The High Court heard today that the idea of the Terengganu Investment Authority Berhad (TIA), which morphed into 1Malaysia Development Berhad, was mooted in Abu Dhabi.|Read more >|SunDaily
Oct 07, 2019 | Former 1MDB CEO did not blame Najib over scandal, court hears
A witness told the High Court that he did not blame former prime minister Datuk Seri Najib Razak over the scandal involving 1Malaysia Development Berhad (1MDB).|Read more >|TheStar
New Malaysia | Najib's SRC Trial |
In the News Snippets & Links
Dec 10, 2019 | Najib files suit against AmBank, former staff for mismanaging his accounts
Datuk Seri Najib Razak has filed a lawsuit against AmBank Islamic Berhad and its former relation manager Joanna Yu Ging Ping for alleged mismanagement of the former’s bank accounts which are being scrutinised in the ongoing SRC International Sdn Bhd corruption hearing.|Read more >|SunDaily
Dec 10, 2019 | SRC trial: Najib says sacked Muhyiddin, Shafie Apdal over public criticism of 1MDB
Datuk Seri Najib Razak testified in court today that he removed Tan Sri Muhyiddin Yassin and Datuk Seri Shafie Apdal from his Cabinet in 2015 as they were openly critical of his administration’s handling of 1MDB.|Read more >|Malaymail
Dec 10, 2019 | SRC International trial: Najib unsure whether signatures on documents were his
Datuk Seri Najib Razak said that he could not confirm the authenticity of the documents shown to him by the Malaysian Anti-Corruption Commission (MACC) during their investigations of him, the High Court heard on Tuesday (Dec 10).|Read more >|TheStar
Dec 10, 2019 | Najib says 2014 golf game with Obama in Hawaii to form rapport with ‘most powerful man on Earth’
On trial for power abuse, Datuk Seri Najib Razak today justified going golfing with then US president Barack Obama in December 2014 as a chance for him to establish close ties with the world’s most powerful man.|Read more >|Malaymail
Dec 09, 2019 | Najib bought watch worth RM466,330 for wife in December 2014
Former Prime Minister Datuk Seri Najib Abdul Razak (pix) told the High Court here today that he gave his wife, Datin Seri Rosmah Mansor, a watch, priced at RM466,330.11, for her birthday in December 2014.|Read more >|SunDaily
Dec 09, 2019 | In SRC trial, Najib tells court he didn’t know Jho Low worked with bank to manage his accounts
Datuk Seri Najib Razak told the High Court today that he was unaware AmBank was liaising with Low Taek Jho to manage his accounts.|Read more >|Malaymail
Dec 09, 2019 | Najib: I never checked, because the money came after I spoke to King Abdullah
Datuk Seri Najib Razak said he never bothered to check with Wisma Putra on the authenticity of the so-called ‘donation’ from King Abdullah Abdulaziz Al Saud of Saudi Arabia which was transferred to his private bank accounts.|Read more >|NST
Dec 09, 2019 | Najib defends spending RM3.2mil to buy gifts for Qatari PM
Datuk Seri Najib Razak today defended his credit card spending, which he claimed had been sensationalised, during his ongoing trial.|Read more >|NST
Dec 04, 2019 | Najib: 'Nik Faisal played us out'
The former chief executive (CEO) of SRC International Sdn Bhd, Nik Faisal Ariff Kamil, “played both sides”, leading to the company being ripped off, Datuk Seri Najib Razak said today.|Read more >|NST
Dec 04, 2019 | RM3.2b deposited into Najib’s account between 2011 and 2013, court told
A total of US$1.05 billion (RM3.2 billion) from Saudi Arabia was deposited into the personal AmBank account of former prime minister Datuk Seri Najib Abdul Razak between 2011 and 2013, the High Court was told today.|Read more >|SunDaily
Dec 04, 2019 | Najib at SRC trial: Late Saudi monarch donated the money to ensure M'sia's stability
The donation from Saudi Arabia's late King Abdullah Al Saud, was to ensure that Malaysia can become the model of a stable and modern Islamic country, Datuk Seri Najib Razak told the High Court here.|Read more >|TheStar
Dec 04, 2019 | SRC trial: Najib denies authorising Jho Low to deal with AmBank account 694
Datuk Seri Najib Razak has never authorised fugitive financier Low Taek Jho, known as Jho Low, to deal with AmBank regarding one of his bank accounts, the High Court heard.|Read more >|TheStar
Dec 04, 2019 | SRC trial: Najib paints Nik Faisal as mastermind
SRC International Sdn Bhd chief executive Nik Faisal Ariff Kamil was duplicitous in managing SRC International Sdn Bhd, Datuk Seri Najib Razak testified in his defence at the High Court today.|Read more >|Malaymail
Dec 04, 2019 | Najib talks about Jho Low and Arab donations
Datuk Seri Najib Razak finally touched on his relationship with fugitive businessmen, Low Taek Jho @ Jho Low and events leading up to the billions in donation from King Abdullah Abdulaziz Al Saud of Saudi Arabia, which ended up in his private banking accounts.|Read more >|NST
Dec 04, 2019 | Najib: Ahmad Husni's 'office boy' claim is comedic
Datuk Seri Ahmad Husni Hanadzlah's role was as Finance Minister II and he was never just an "office boy", the High Court was told.|Read more >|TheStar
Dec 04, 2019 | Najib: Jho Low suggested I open AmBank accounts for Arab donations
The idea to open accounts with AmBank in 2010 came from Low Taek Jho, Datuk Seri Najib Razak told the High Court today in his RM42 million SRC International Sdn Bhd trial.|Read more >|Malaymail
Dec 04, 2019 | SRC trial: Najib says never offered advice to board, rarely asked for it
Datuk Seri Najib Razak said the SRC International Sdn Bhd board rarely asked for his advice and he did not habitually offer them any as the company’s “adviser emeritus”, the High Court heard today.|Read more >|Malaymail
Dec 03, 2019 | SRC trial: Najib agreed to 1MDB-endorsed appointees of Ismee and Nik Faisal in SRC International
Datuk Seri Najib Razak said he had agreed to the appointments of Tan Sri Ismee Ismail and Nik Faisal Ariff Kamil in SRC International Sdn Bhd as they were selected by 1Malaysia Development Berhad (1MDB), the High Court heard today.|Read more >|Malaymail
Dec 03, 2019 | Najib denies ‘veiled direction’
Former prime minister Datuk Seri Najib Razak has denied giving Retirement Fund Inc (KWAP) a “veiled direction” to double an approved loan to SRC International Sdn Bhd.|Read more >|TheStar
Dec 03, 2019 | Shafee: Najib was deliberately misled about SRC transactions
Datuk Seri Najib Razak had been misled regarding the transactions and balances of his bank accounts, which were manipulated by third parties without his knowledge and approval, according to his lawyer.|Read more >|TheStar
Dec 03, 2019 | Shafee: 'Najib acted in the best interest of the govt and never misused his office'
Tan Sri Muhammad Shafee Abdullah today laid out the line of defence that Datuk Seri Najib Razak intends to take in clearing his name against charges of abusing SRC International funds.|Read more >|NST
Dec 03, 2019 | SRC trial: Najib said unaware of SRC International’s initial RM3.95b loan application plan to KWAP
Datuk Seri Najib Razak said he was unaware of SRC International Sdn Bhd’s initial plan to apply for a RM3.95 billion loan from the Retirement Fund Incorporated (KWAP) in 2011, while testifying at the High Court today.|Read more >|Malaymail
Dec 03, 2019 | SRC trial: Najib denies having direct hand in creating former 1MDB unit
Former prime minister Datuk Seri Najib Razak denied explicit involvement in the formation of SRC International Sdn Bhd, while testifying in his defence today.|Read more >|Malaymail
Dec 03, 2019 | Najib says had impression Jho Low was ‘influential’, could make 1MDB’s goals come true
Flamboyant businessman Low Taek Jho gave the impression he was a person of influence with close ties to Malaysian royalty and high-ranking persons in Middle Eastern countries, Datuk Seri Najib Razak said in his defence today.|Read more >|Malaymail
Dec 03, 2019 | Najib's accounts manipulated by third parties, defence says
Datuk Seri Najib Razak, who is accused of the misappropriation of RM42mil in SRC International Sdn Bhd funds, had been misrepresented about the transactions and actual balances in his accounts, which were manipulated by third parties without his knowledge and approval.|Read more >|TheStar
Dec 02, 2019 | Najib says had impression Jho Low was ‘influential’, could make 1MDB’s goals come true
Tomorrow, for the first time in Malaysia’s history, a former Prime Minister will take the stand to answer charges against him in a court of law.|Read more >|NST
New Malaysia | Najib's 1MDB Trial |
In the News Snippets & Links
Oct 06, 2019 | Highlights of Najib’s 1MDB trial Sept 30-Oct 1
More scandals involving 1Malaysia Development Berhad (1MDB) were uncovered at Datuk Seri Najib Razak’s trial this week, such as alleged siphoning of funds into joint ventures purportedly for the purpose of raising funds for the 13th general election (GE13).|Read more >|Malaymail
Oct 01, 2019 | Former 1MDB CEO's last drawn salary was RM99,000 per month
The 1Malaysia Development Bhd (1MDB) may have ended up billions of ringgit in debt but it was definately not a stingy employer when it came to taking care of its top bosses.|Read more >|NST
Oct 01, 2019 | 1MDB’s RM30 billion debt fully borne by MoF, government: Witness
1Malaysia Development Berhad (1MDB) had accumulated a total debt of RM30 billion, and it was fully borne by the Ministry of Finance (MoF) and the federal government, the High Court was told today.|Read more >|SunDaily
Oct 01, 2019 | PMO orders were to skip town to avoid PAC inquiry, ex-1MDB CEO tells court
Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he received instructions, believed to have come from the Prime Minister’s Office (PMO), to leave the country in 2015 so that he would not have to face a bipartisan parliamentary investigation into the scandal-tainted 1Malaysia Development Berhad (1MDB).|Read more >|Malaymail
Oct 01, 2019 | 1MDB GIL-Admic JV finalised in two months: Witness
The joint venture between 1Malaysia Development Berhad Global Investments Limited (1MDB GIL) and the US$6 billion (RM25.17 billion) Abu Dhabi Malaysia Investment Company (Admic) was finalised in two months, the High Court was told today.|Read more >|SunDaily
Oct 01, 2019 | 1MDB-Aabar joint venture fell through despite US$3bil in bonds issued, court hears
The joint venture (JV) between 1Malaysia Development Bhd (1MDB) and Aabar Investment PJS in 2013 fell through despite the issuance of US$3bil in bonds, the High Court here heard.|Read more >|TheStar
Oct 01, 2019 | 1MDB trial: Ex-CEO says joint venture with Aabar Investment a bust
The much-touted US$6 billion (RM25.1 billion) joint venture between Abu Dhabi’s Aabar Investment PJS and 1Malaysia Development Berhad (1MDB) proved to be a bust when the entity formed to manage the Malaysian sovereign investment fund went inactive, Datuk Shahrol Azral Ibrahim Halmi told the High Court today.|