- published: 27 Jun 2017
- views: 12350
The US Department of Justice (DOJ) in its third civil forfeiture suit on the 1MDB affair alleged around US$4.5 billion from the firm was misappropriated and also highlighted the purported masterminds, chief among them, it claimed, was Penang-born businessperson Low Taek Jho, better known as Jho Low. The DOJ covered in detail the alleged money trail from 1MDB to the bank accounts of Low and his associates, but on the side, also provided a glimpse of how he apparently courted the women of his dreams, supposedly using 1MDB-linked funds.
Umno vice-president Hishammuddin Hussein has challenged the US Department of Justice (DOJ) to press charges if they have proof of wrongdoing in the 1MDB affair. Hishammuddin also sought to cast doubt on the identity of the nameless Malaysian Official 1 (MO1), whose wife has now appeared in DOJ's court filings.
Kleptokrasi bermakna kerajaan yang diperintah oleh pencuri, perompak dan penyamun! Akibat itu, kita kena bayar cukai untuk membayar hutang yang berlaku kerana duit yang dicuri oleh pemimpin kleptokrat! Mari kita sebagai rakyat Malaysia membuatkan sesuatu! Esok pada pukul 4 petang, jom kita turun ke Padang Timur di Petaling Jaya. Bersama kita hapuskan kleptokrasi, sayangi Malaysia!
More than 30 Pakatan Harapan lawmakers today marched from the gates of Parliament to Bank Negara to petition governor Muhammad Ibrahim to start an investigation over the 1MDB affair. Leading the pack were opposition leader and Permatang Pauh MP Dr Wan Azizah Wan Ismail, Gelang Patah MP Lim Kit Siang, Bagan MP Lim Guan Eng and Shah Alam MP Khalid Samad. Holding up paper cutouts of "pink diamond" and a large red banner saying "Sayangi Malaysia Hapus Kleptokrasi" (Love Malaysia Destroy Kleptocracy), they walked for 30 minutes through 2.6km of roads and traffic. Ten representatives were allowed to enter Bank Negara to hand over a memorandum.
The producer of “The Wolf of Wall Street”, Red Granite, is in talks to settle a U.S. Justice Department lawsuit alleging that the movie was funded by money from 1MDB; SP Setia says it is on track to buy I&P, forming one of the largest property firms in Malaysia; and Genting delays the opening of Resorts World Las Vegas to 2020. Charlotte Chong has more.
At the Ceremonial Opening of the Legal Year 2016 on Friday, Malaysian Bar president Steven Thiru delivered a speech, touching on several topics such as the National Security Council Bill, the interference in the 1MDB investigation and the reality of criticism on the judiciary.
Kenapa Perempuan ini tercerai dari suaminya di mahkhamah dan nama Tan Sri disebut dalam surat?
Ketua Pesuruhjaya Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) Tan Sri Dzulkifli Ahmad membidas cadangan Menteri di Jabatan Perdana Menteri, Datuk Paul Low untuk penubuhan Jabatan Integriti dan Tadbir Urus Negara (JITN). Sebaliknya, Dzulkifli berkata menteri itu perlu meminta lebih banyak peruntukan untuk SPRM, meningkatkan aset dan tenaga kerjanya serta memperbaiki kebajikan kakitangan, bukannya menubuhkan sebuah agensi baru. Beliau menyelar Low kerana dilaporkan berkata, bahawa JITN akan memastikan bahawa SPRM menyiasat kes rasuah dan mendakwa dengan lebih berkesan. "Siapa menteri ini? Siapa menteri yang mahu mengawal bagaimana kita menyiasat kes? "Kita sepatutnya bebas. Jika alasan untuk membentuk JITN adalah untuk memantau SPRM, mengapa perlu saya melaporkan kepadanya?" Dzulkifli...
The United States Department of Justice (DOJ) has accused Penang-born tycoon Jho Low and his associate Eric Tan of spending a whopping US$200 million on jewellery. Though the DOJ did not list out all the alleged purchases, it, however, claimed that Low alone spent at least US$9.9 million on jewellery for Australian model Miranda Kerr as well as his mother. According to the DOJ, the first recorded purchase by the businessman using 1MDB-linked monies dated back to 2012 when he bought a diamond ring and matching diamond earrings for his mother.
By Rujun Shen and Yantoultra Ngui SINGAPORE/KUALA LUMPUR (Reuters) - Police in Singapore said on Wednesday they have frozen two bank accounts in connection with an investigation into alleged financial mismanagement and graft at Malaysia's troubled state fund 1Malaysia Development Berhad (1MDB). It was the first time accounts outside Malaysia had been frozen in connection with the investigation, which has left Malaysian Prime Minister Najib Razak facing his biggest crisis since he took office in 2009. "On 15 July 2015, we issued orders under the Criminal Procedure Code to prohibit any dealings in respect of money in two bank accounts that are relevant to the investigation," Singapore police said in a statement. Police did not identify the banks or the accounts in question because the invest...
Charlotte Chong chats with Liew Jia Teng on the significant rally in semiconductor stocks, and whether they still have room to run .
This is one of the numerous peaceful demonstration held throughout major towns and cities in Malaysia calling for institutional reforms in the wake of financials scandals linked to the 1Malaysia Development Berhad (1MDB) affair involving Prime Minister Datuk Seri Najib Razak. Malaysian diasporas are also holding Bersih 4 rallies in some 70 cities worldwide. Majority of protesters defied a ban on the yellow Bersih 4 T-shirts, as well as veiled threats of a state of emergency and Putrajaya’s declaration that the event is illegal.
A Malaysian opposition party on Wednesday filed a civil suit against Prime Minister Najib Razak and indebted state fund 1Malaysia Development Berhad (1MDB), saying they had violated electoral rules and a new election should be held. 1MDB, whose advisory board is chaired by Najib, and which has debts of more than $11 billion, is under investigation for graft and financial mismanagement. The affair has triggered a political crisis for Najib. The Wall Street Journal reported in July that investigators looking into 1MDB found that nearly $700 million was deposited into Najib's accounts. Reuters has not verified the report. Najib has denied taking any money for personal gain, saying the allegations are part of a malicious campaign to force him from office. 1MDB has denied transferring funds ...
Malaysia has been rocked for more than a year by a financial scandal involving Prime Minister Najib Razak, a state investment firm, and an alleged frenzy of embezzlement stunning in its scope and complexity. Authorities in a half-dozen countries have launched investigations into suspicions that several billion dollars was looted from complicated financial transactions involving 1MDB and parked around the world. Following are answers to key questions in the affair. What is 1MDB? In 2009, a sovereign wealth fund owned by a northern Malaysian state was rebranded by Najib as 1Malaysia Development Berhad, or 1MDB, and turned into a federal entity focusing on investments in strategic development projects. The fund is owned by the finance ministry, which is headed by Najib. He also chaired t...
An officer from the Malaysian Anti-Corruption Commission (MACC) was detained for allegedly blackmailing a police officer working in the state. Seberang Perai Tengah (SPT) district police chief, ACP Nik Ros Azhan Nik Abdul Hamid said the 38-year-old officer attached to the MACC Northern Zone Intelligence Unit in Putrajaya was arrested at a restaurant in Taman Machang Bubok, Bukit Mertajam at 10.20 last night. Read more: https://www.malaysiakini.com/news/385186#ixzz4jajLUPZ5
George Soros, Mahathir You Screwed Malaysia Big Time It's basically an old speech Barry Wain, but it till a burning issue relevant to the dicey situation Malaysia is facing. Many people around the world are interested to read about Mahathir and his career, and that for these people, the story must be told in full, whether or not it has been reported before. "A lot of the financial scandals were not published in Malaysia (and) many young Malaysians were two years old or weren't born when the Mahathir administration decided to manipulate the tin price," he said. Bob Dylan Times They Are A Changin @White House http://www.youtube.com/watch?v=B_nKf7BNqhA Everlasting Love - Love Affair, Gaspard Ulliel http://www.youtube.com/watch?v=AJsGaVal-Jc I Only Want To Be With You - Nicolette Larson http...