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1Malaysia Development Berhad (1MDB)
1MDB Watch
Jho Low reaches settlement with US DoJ, to forfeit US assets worth US$670 mil
SINGAPORE (Oct 30): Low Taek Jho, the alleged mastermind behind the 1MDB saga, has reached a settlement with the US Department of Justice in respect of the civil forfeiture proceedings brought against him, The Edge Singapore understands.
October 30, 2019
Global Markets
Briefs
SINGAPORE (Oct 28): “Closing the gaps requires both jobseekers and employers to be more open and flexible.” – Singapore’s Manpower Minister Josephine Teo, on the widening mismatch between job seekers and openings available
October 25, 2019
1MDB Watch
Malaysia could settle for fraction of US$7.5 bil demanded from Goldman Sachs for role in 1MDB, sources say
(Oct 23): Again and again, Malaysia has publicly demanded Goldman Sachs pay an eye-popping US$7.5 billion ($10.2 billion) for its role in the 1MDB scandal. But privately, Malaysian negotiators are considering settling for a fraction of that.
October 23, 2019
1MDB Watch
Malaysia seeks 1MDB funds from Najib's brother, ex-minister
(Oct 7): Malaysia is asking the brother of ex-premier Najib Razak and former cabinet ministers to return funds believed to have come from 1MDB or risk being prosecuted.
October 07, 2019
1MDB Watch
Goldman Sachs wants 1MDB money returned to Malaysians
SINGAPORE (Sept 30): Amid what has turned out to be a week of explosive revelations from a former CEO of the troubled 1Malaysia Development Berhad (1MDB), investment bank Goldman Sachs Group now wants to make amends for its role in the scandal that saw RM
September 27, 2019
1MDB Watch
China-funded megaprojects were to have 'saved' 1MDB, Malaysian court told
SINGAPORE (Sept 9): A key witness in the trial of former prime minister of Malaysia Najib Abdul Razak over the 1Malaysia Development Bhd scandal has revealed the wheeling and dealing that Najib had done with China to “save” the sinking 1MDB.
September 06, 2019
1MDB Watch
'Jho Low was Najib's alter ego, mirror image'
(Aug 29): This case concerns the monies of a company called 1Malaysia Development Bhd, widely known as 1MDB.
August 29, 2019
1MDB Watch
MACC man disagrees Jho Low solely behind SRC looting
KUALA LUMPUR (Aug 23): The investigating officer (IO) probing the misappropriation of funds belonging to SRC International Sdn Bhd yesterday indicated that former prime minister Datuk Seri Najib Razak had more of an interest in the matter than businessman
August 23, 2019
1MDB Watch
1MDB trial postponed again
KUALA LUMPUR (Aug 20): Former prime minister Datuk Seri Najib Razak’s trial over his alleged abuse of power and money laundering of RM2.28 billion ($755.3 million) in 1Malaysia Development Bhd (1MDB) funds has been postponed to Monday.
August 20, 2019
1MDB Watch
Postponement of SRC International trial could delay 1MDB trial, as both fall on same day
SINGAPORE (Aug 19): The 1Malaysia Development Bhd (1MDB) trial involving former Malaysian prime minister Najib Razak could be delayed — yet again — because he faces two court hearings on the same day: Aug 19.
August 16, 2019