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1MDB Sacks Arul Kanda, Say Sources

in Politics/Slider/Top News

PETALING JAYA – Troubled state investment arm 1Malaysia Development Berhad (1MDB) has sacked its president and chief executive officer, Arul Kanda Kandasamy (pic), effective Thursday (June 28), according to a report by The Edge. The termination letter, hand delivered to Arul Kanda on Thursday and sighted by the financial daily, had purportedly said that Arul…

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Najib, Rosmah And ‘Gift Givers’ To Be Quizzed Soon In 1MDB Probe

in Latest

KUALA LUMPUR- Former Prime Minister Datuk Seri Najib Tun Razak and his wife Datin Seri Rosmah Mansor will be called up by Bukit Aman in connection with the ongoing investigation into 1Malaysia Development Berhad (1MDB). Bukit Aman Commercial Crime Investigation Department director Comm Datuk Seri Amar Singh said the couple’s alleged “gift givers” will be…

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1MDB Scandal Is Caused By Greed – DPM

in Latest/Politics

SUBANG JAYA: The scandal surrounding 1Malaysia Development Bhd (1MDB) is an example of leadership crisis caused by greed, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail. She said such instances could also be seen in the United States’ Enron fiasco and the Deepwater Horizon incident in the Gulf of Mexico. “The world…

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Former Special Officer Of Najib Remanded Over MACC 1MDB Probe

in Crimes/Top News

PUTRAJAYA – A former special officer of former prime minister Datuk Seri Najib Tun Razak is being held on remand by the Malaysian Anti-Corruption Commission (MACC) for seven days from today to assist in its investigation into a case related to 1Malaysia Development Bhd (1MDB). The MAAC secured the order for the remand of the…

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Guan Eng: Govt To Inject RM2.8bil To Complete Tun Razak Exchange To Prevent Further Losses

in Latest

PUTRAJAYA- The Cabinet has decided to complete the Tun Razak Exchange (TRX) project to prevent further financial losses to the Government. At a press conference here Thursday (June 21), Finance Minister Lim Guan Eng said that Cabinet had decided that a maximum of RM2.8bil would be injected into the project to ensure its completion. Lim…

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AGC Receives 1MDB Investigation Papers From MACC

in Top News

PUTRAJAYA – The Attorney-General Chambers has received the investigation papers relating to 1Malaysia Development Bhd (1MDB) from the Malaysian Anti-Corruption Commission (MACC) today, said Attorney-General Tommy Thomas. Thomas, in a statement, said the AGC would require time to review the papers ‘but appreciate the urgency and sensitivity of its task’. “In order to effectively discharge…

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Probe Team Has Full Authority To Investigate 1MDB, Says Muhyiddin

in Latest/Politics

KUALA LUMPUR- Home Minister Tan Sri Muhyiddin Yassin says he will leave it to the special taskforce and committee investigating the 1Malaysia Development Bhd (1MDB) issue to coordinate their probe into the beleaguered state fund. He said this included formulating the appropriate measures in the event former Prime Minister Datuk Seri Najib Razak is arrested…

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Khairuddin Meets Interpol For Help To Track Down Jho Low

in Politics/Top News

PETALING JAYA – Khairuddin Abu Hassan has met with Interpol officials in France to make a formal request for them to track down Low Taek Jho, or Jho Low, in relation to the controversial 1Malaysia Development Berhad (1MDB) case. In a statement on his Facebook page, Khairuddin said that he has talked extensively with Interpol…

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1MDB Task Force Meets With FBI, DOJ Officials In Putrajaya

in Top News

PUTRAJAYA – The 1Malaysia Development Bhd (1MDB) Special Investigation Task Force has convened a meeting wih the Federal Bureau of Investigation (FBI) and the United States’ Department of Justice (DOJ) officials here today. The topics of discussion at the meeting were the direction and focus of the 1MDB investigations, request for Mutual Legal Assistance (MLA)…

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PM Agrees To Formation Of 1MDB Special Task Force

in Top News

KUALA LUMPUR – A special task force is being formed to investigate the financial scandal of 1Malaysia Development Berhad (1MDB), the Prime Minister’s Office (PMO) announced in a statement today. According to the statement, the task force would be jointly led by former Attorney-General Tan Sri Gani Patail, former chief commissioner of Malaysian Anti-Corruption Commission…

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PM Greenlights Special 1MDB Investigation Team

in Latest/Politics

PUTRAJAYA- Prime Minister Tun Dr Mahathir Mohamad has agreed to form a special investigation team to thoroughly probe into the 1Malaysia Development Bhd (1MDB) case. Aside from investigating the case, the team is also tasked to track down and seize assets as well as prosecute people who had committed any criminal activities relating to the…

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Gani Patail Claims He Was Preparing To Charge Najib On 1MDB

in Politics/Top News

PUTRAJAYA – Former Attorney-General (AG) Tan Sri Abdul Gani Patail is said to be preparing to charge former prime minister Datuk Seri Najib Tun Razak in connection with the troubled 1Malaysia Development Bhd (1MBD) before he was replaced in 2015. Prime Minister Tun Dr Mahathir Mohamad said Abdul Gani made the claims when they met…

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Evidence That Najib Received 1MDB Funds Was Ignored: Probe Panelists

in Latest

KUALA LUMPUR- The Malaysian Anti-Corruption Commission (MACC) found evidence in late 2015 that 42 million ringgit ($10.6 million) was transferred from a former subsidiary of state fund 1MDB into an account of then Prime Minister Najib Razak, but its recommendation for further investigation was rejected by the attorney general, a member of a panel that…

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Equinimity Seizure Is Still Far From Anything Significant

in Politics/Top News

IT is long anticipated that as we near the general election, Tun Dr Mahathir will revive the 1MDB issue. Raja Petra gave his conspiracy theory on how it will happen here.  And another low down from him here. The serious doubt is on whether Attorney General, Tan Sri Appendi Ali would do such a thing. It would…

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Singapore Said To Be Examining Goldman’s Role In 1MDB Deals

in Top News

  SINGAPORE – Singaporean prosecutors and police are examining Goldman Sachs Group’s relationship with the Malaysian state investment fund at the centre of global money laundering probes, people with knowledge of the matter said. The Commercial Affairs Department, the police’s economic crime unit and prosecutors have interviewed current and former Goldman Sachs executives who worked…

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1MDB: Further Investigation Due To Lack Of Evidence

in Top News

PUTRAJAYA – Attorney-General Tan Sri Apandi Ali said further investigation into 1Malaysia Development Berhad (1MDB) is necessary following the lack of evidence in certain areas. He said the investigation papers on 1MDB had constantly been referred to the Attorney-General’s Chambers (AGC), however, there were insufficient evidence in certain areas. “When the investigation papers are referred…

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Najib: Opposition Used 1MDB To Sabotage Economy

in Politics/Top News

WASHINGTON DC: Prime Minister Datuk Seri Najib Tun Razak said there was a campaign to deliberately sabotage 1Malaysia Development Berhad (1MDB) to undermine investor confidence in Malaysia’s economy. Addressing American corporate leaders at a dinner here, Najib said the move was a failed attempt to topple the government. “I know that some of you will…

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1MDB Board To Handle Payment Due To IPIC

in Latest

PUTRAJAYA – 1Malaysia Development Bhd (1MDB) will handle the payment due to International Petroleum Investment Co (IPIC), said Second Finance Minister Datuk Seri Johari Abdul Ghani. He said the payment, which fell due on July 31, 2017, was being handled at the 1MDB board level. “Let them resolve this issue, this is company matter. If they say they…

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Opposition Claims Over 1MDB Questions In Parliament Baseless

in Latest

KUALA LUMPUR – A minister said today opposition claims of Parliament deliberately concealing evidence on the 1Malaysia Development Berhad (1MDB) issue are baseless. Datuk Seri Azalina Othman Said, Minister in the Prime Minister’s Department, said their claims that not even one question on 1MDB was answered were inaccurate because there were four questions on 1MDB, from the…

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US DoJ Has Not Contacted MACC – Chief Commissioner

in Latest

  KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) has not been contacted by the United States’ Department of Justice (DoJ) over its latest filing of lawsuits to recover assets allegedly embezzled from 1Malaysia Development Berhad (1MDB), said Its chief commissioner, Datuk Dzulkifli Ahmad. He said that until today MACC has been contacted or received…

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1MDB: US Department Of JUstice Allegations Not Backed With Proof

in Latest

  KUALA LUMPUR – The most recent allegations of misappropriation linked with 1Malaysia Development Berhad (1MDB) highlighted by the US’ Department of Justice (DoJ) are not backed with proof, the state investment firm said. In a statement that came after DoJ’s announcement last night, the firm said it noted the civil lawsuit filed by the…

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No Money Misappropriated From 1MDB, Says AG

in Latest

  KUALA LUMPUR – Attorney-General Tan Sri Mohamed Apandi Ali said today there has been no evidence from any investigation conducted by law enforcement agencies in various jurisdictions showing misappropriation of money from 1Malaysia Development Berhad (1MDB). “The Attorney General´s Chambers of Malaysia (AGC) takes note of the latest civil lawsuits by the United States…

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M’sia Expresses Concern Over DoJ Failure To Seek Cooperation In 1MDB Lawsuits

in Latest

  KUALA LUMPUR – The Malaysian government is concerned that the United States Department of Justice (DoJ) failed to seek the cooperation of the government or 1Malaysia Development Berhad (1MDB) over the DoJ’s latest lawsuits brought against various assets, it was stated here today. Press Secretary to the Prime Minister, Datuk Seri Tengku Sariffuddin Tengku…

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Equating MB Inc With 1MDB Scandal Is DAP Ploy For Survival

in Latest

TELUK INTAN – The move by Perak DAP in spreading lies that the MB Inc is just like the 1Malaysia Development Berhad (1MDB) scandal is a ploy to ensure the survival of the party besides seeking public sympathy. Perak Menteri Besar Datuk Seri Dr Zambry Abd Kadir said the opposition, which was running out of…

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Govt Applies To Strike Out MP’s 1MDB Lawsuit

in Latest

KUALA LUMPUR – The High Court has set May 22 to hear Datuk Seri Najib Tun Razak and the government’s applications to strike out the 1MDB lawsuit against them by Petaling Jaya Utara MP Tony Pua Kiam Wee. Pua sued the defendants on Jan 16, claiming Najib had committed misfeasance involving 1Malaysia Development Berhad (1MDB)…

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1MDB Appoints Parker Randall As Auditor

in Latest/Slider

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has announced the appointment of Parker Randall as its auditor. In a statement, the company said it submitted forms 11 and 52 to the Companies Commission of Malaysia (CCM) on Jan 3, 2017, to confirm the appointment. The CCM website relates both forms to the application for change in…

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1MDB Haj Programme: Don’t Worry About Status Of Haj

in Latest

KUALA LUMPUR – Those who performed their Haj pilgrimage under the Prime Minister-1Malaysia Development Bhd (1MDB) Foundation Special Programme need not worry about the status of their Haj. Kelantan Mufti, Datuk Mohamad Shukri Mohamad said they should instead be confident that each religious obligation performed would be accepted by Allah, the Almighty and that it…

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DR M Questioning PM-1MDB Special Haj Programme Out Of Desperation

in Latest

ALOR SETAR – Tun Dr Mahathir Mohamad regarding those performing the pilgrimage through the Prime Minister-1MDB Foundation Special Haj Programme as not attaining ‘haji mabrur’ (divinely accepted Haj), is seen as an act of political desperation to the extent of using religion. Kedah Menteri Besar, Datuk Seri Ahmad Bashah Md Hanipah said Dr Mahathir, who…

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1MDB: Johari Commended Singapore For Swift Action

in Latest

KUALA LUMPUR – Second Finance Minister Datuk Johari Abdul Ghani commended the Monetary Authority of Singapore (MAS) for its speedy action on alleged money laundering related to 1Malaysia Development Bhd (1MDB). “Very good. They have taken action, very good,” he said when asked to comment on the three individuals who thus far were convicted for…

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1MDB: No Discussions With China On Ipic Repayments

in Latest

KUALA LUMPUR – 1Malaysia Development Berhad (1MDB) is not in talks with China to make repayments to International Petroleum Investment Company (Ipic), said its chairman Tan Sri Dr Mohd Irwan Serigar Abdullah. “I am the chairman of 1MDB, and as I know, there is no such thing as us talking to China about this. “Nobody…

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