- published: 27 Jun 2017
- views: 10884
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.
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.
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.
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...
Claims of corruption at the state investment fund 1MDB have triggered a political power struggle in Malaysia. Arul Kanda, the former banker drafted in to restructure 1MDB at the start of this year, talks to the FT’s Michael Peel about dealing with this explosive affair. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
The four-year divorce battle between former beauty queen Pauline Chai and billionaire Tan Sri Khoo Kay Peng over his £440 million (RM2.4 billion) fortune is finally over. Settlement to be decided by a UK High court judge later this year.
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.
Love Affair - Official Music Video SONG Written and produced by Luise Najib Co-produced by Vicky Unggul Bramantyo MUSIC VIDEO Director: Luise Najib DOP: Satria Semaun & Bagus Suitrawan Editor: Simon W. Producer: Girindra A. Artistic: Kurniawan P. Jewelries: MAHIJA MUA: Tina Wardhana Costume Designer: Dimas Hendrajaya Model: Anton Sudibyo Produced by Yellow Management Follow Luise Najib on: http://instagram.com/luisenajib http://twitter.com/luisenajib http://facebook.com/luisenajib Yellow Management email@example.com Phone: +6281215141335
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...
It's a wrap! "Malaysia's Got Scandal: Season 2 Finals" has been a great success! THANK YOU VERY MUCH for supporting the show, and we really appreciate everyone here on social media for your attention, your ideas, your support, your cheers, and your laughter.
As the Bandar Malaysia saga continues, Treasury-Sec Gen Tan Sri Mohd Irwan Serigar Abdullah has been appointed as Chairman; and the PM announces a deadline for the request for proposals to be master developer. Also, BIMB talks restructuring, and My E.G. confirms that it wants a bite of Eat Drink KL. Jaqueline P’ng has more.
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.
1MDB Will Achieved Its Target Despite Criticisms said PM Najib Razak Prime Minister Datuk Seri Najib Tun Razak is confident 1MDB will achieved its target despite facing numerous allegations and criticisms. He stressed that the Ministry of Finance will take the necessary steps to reduce the debt of the strategic government investment arm.