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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

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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

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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

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  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

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  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

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  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

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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

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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

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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

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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

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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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Jho Low’s Family Digs In Heels To Stop US 1MDB Asset Seizure

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he family of Malaysian financier Low Taek Jho is reaching far and wide to stop the United States from seizing US$650mil (RM2.87bill) in real estate and business investments the government claims were acquired with funds stolen from his home country. The family of the businessman known as Jho Low claims the Swiss trustees holding their…

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I Initiated 1MDB Probe, Najib Tells Japanese Weekly

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PETALING JAYA: In an interview with a Japanese weekly, Datuk Seri Najib Tun Razak says he was the first to order an investigation into 1Malaysia Development Berhad (1MDB). In an interview published in the Nikkei Asian Review on Tuesday, the Prime Minister said that Malaysian authorities have led investigations into 1MDB. “It was I who…

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1MDB: High Court Adjourns Azmin’s Judicial Review Application

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KUALA LUMPUR – The High Court here today adjourned the hearing of Selangor Menteri Besar Datuk Seri Azmin Ali’s judicial review application to challenge the classification of the Auditor-General’s Report on 1Malaysia Development Berhad (1MDB) as official secret on Nov 18. Justice Datuk Hanipah Farikullah set the date in chambers after senior federal counsel Shamsul…

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Ex-Minister Warns Of Backlash Over 1MDB Issue

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KUALA LUMPUR: A former finance minister has warned that even if Barisan Nasional wins the next general election, the country can still face economic repercussions if the 1Malaysia Development Bhd (1MDB) issue is not handled properly. Former second finance minister Datuk Seri Ahmad Husni Hanadzlah said perception plays a large part in the growth and…

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DiCaprio Says He’s Cooperating With DOJ In Malaysian Scandal

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Leonardo DiCaprio says he’s awaiting direction from the U.S. Justice Department regarding any ill-gotten funds that may have supported his environmental foundation or 2013 film “The Wolf of Wall Street.” The Oscar-winning actor released a statement through his representatives Tuesday saying he will return any gifts or donations connected to a Malaysian wealth fund, pending…

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1MDB: Court Sets Nov 18 To Hear Application For Judicial Review

in Latest

KUALA LUMPUR – The High Court here today fixed Nov 10 to hear a judicial review application by Muhammad Zahid Md Arip against the Auditor-General’s decision in classifying the 1Malaysia Development Berhad’s (1MDB) Audit Report as a document under the Official Secrets Act 1972. Judge Datuk Hanipah Farikullah set the date in chambers after senior…

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IGP Denies Seeking Mutual Legal Assistance In 1MDB Case

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  PETALING JAYA – The Inspector-General of Police has denied reports that the team investigating 1Malaysia Development Berhad (1MDB) is seeking mutual legal assistance to interview overseas witnesses. Tan Sri Khalid Abu Bakar said that he had made no such statement, adding that he was only explaining the procedure involved if the police wanted to…

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1MDB: Muhyiddin Dares Najib To Sue Him

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  KUALA LUMPUR Former Umno deputy president Tan Sri Muhyiddin Yassin has dared the Prime Minister to sue him over his claims of corruption in 1Malaysia Development Bhd (1MDB). Muhyiddin, who had alleged that he had been told of RM2.6bil being in Datuk Seri Najib Tun Razak’s personal account, said Najib should directly answer queries…

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Rafizi To Enter Defence For Possession, Exposing Documents On 1MDB Report

in Latest/Slider

KUALA LUMPUR: The Sessions Court here Thursday ordered Pandan Member of Parliament Mohd Rafizi Ramli to enter his defence on charges of unauthorised possession and exposing of confidential government document on 1MDB audit report. Judge Zulqarnain Hassan made the order after finding that the prosecution had succeeded in establishing a prima facie case against the…

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Muhyiddin Advised To Stop Harping On The 1MDB Issue

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  PETALING JAYA – Communications and Multimedia Minister Datuk Seri Salleh Said Keruak (pix) has chided former deputy Prime Minister Tan Sri Muhyiddin Yassin over his continuous harping on the 1Malaysia Development Berhad (1MDB) issue. In his blogsite today, Salleh said the Pagoh MP has run out of issues to criticise Prime Minister Datuk Seri…

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Key Figure In 1MDB Probe Held In Abu Dhabi, Says WSJ Report

in Latest/Slider

THE authorities in Abu Dhabi have arrested Khadem Al Qubaisi, who authorities say is a key figure in an alleged multibillion-dollar fraud related to a Malaysian sovereign-wealth fund, according to people familiar with the matter, the Wall Street Journal (WSJ) reported. The WSJ said the arrest last week was made in relation to an Abu…

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Zaid Files Suit For Return Of 1MDB Monies

in Latest/Slider

KUALA LUMPUR: Former Cabinet member Datuk Zaid Ibrahim is suing the Prime Minister, 1Malaysia Development Bhd (1MDB) and two others in a representative action for return of monies. Zaid said he is bringing the civil action on behalf of Malaysian citizens and taxpayers. In the statement of claim made available to the media Wednesday, Zaid…

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Bank Negara Will Be Guided By International Protocols

in Latest/Slider

KUALA LUMPUR: Bank Negara will be guided by international protocols if the US Department of Justice (DOJ) approaches the central bank for assistance in investigations into issues related to 1Malaysia Development Bhd (1MDB). “When it comes to international corroborations, we are dictated by certain protocols,” Bank Negara governor Datuk Muhammad Ibrahim said. “We will abide…

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Mohamed Apandi May Ask For Watching Briefs In DOJ Lawsuit Concerning 1MDB

in Latest/Slider

PUTRAJAYA: Attorney-General Tan Sri Mohamed Apandi Ali might send representatives to hold watching briefs at the hearing of the civil suit filed by the United States Department of Justice (DOJ) over assets bought via funds allegedly misappropriated from 1MDB. “I am looking into the idea, maybe I or my officers will go there during the…

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CCCC Denies Allegations Published Last Week By London-Based Sarawak Report

in Latest/Slider

China Communications Construction Company, the new owner of Australian engineering group John Holland, has denied involvement in an alleged plot to cover up a multi-billion-dollar corruption scandal at Malaysian sovereign wealth fund 1MDB by inflating a railway contract. The allegations were published last week by London-based Sarawak Report, which was subsequently repeated by Asian media outlets.…

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Singapore Examines Goldman’s Link To 1MDB

in Latest

SINGAPORE – The republic’s central bank here says it is examining the extent of involvement by Goldman Sachs’ local unit in bond deals for Malaysian state investor 1Malaysia Development Berhad (1MDB). The Monetary Authority of Singapore (MAS) has been questioning banks and financial institutions since last year as part of investigations into possible money laundering…

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