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Archive for the '1MDB' Category

US moves to seize Leonardo DiCaprio’s Picasso, ‘stolen’ funds in 1MDB case

LOS ANGELES (REUTERS) – US authorities moved on Thursday (June 15) to seize a Picasso painting given to American movie star Leonardo DiCaprio and the rights to two Hollywood comedies, as they filed complaints to recover about US$540 million (S$746 million) they say was stolen from the 1Malaysia Development Berhad (1MDB) sovereign wealth fund.

Hadi’s ‘brilliant’ move against editor of Sarawak Report

Clare Rewcastle-Brown has two options; but in exercising them, she will have to provide alot of information and documents about 1MDB and the money trail. I read somewhere that Hadi Awang has commenced a defamation suit against Clare Rewcastle-Brown, the owner of Sarawak Report in the London High Court. This is over her allegation that […]

IPIC, 1MDB capai penyelesaian dengan bayaran AS$1.2b

International Petroleum Investment Company (IPIC) dan Malaysia telah mencapai penyelesaian selepas proses timbang tara selama bertahun lamanya mengenai pertikaian berbilion dolar. Menurut penyata kepada Bursa Saham London, IPIC berkata, pihaknya akan menerima sejumlah AS$1.2 bilion menerusi dua kali bayaran yang sama pada 31 Julai dan 31 Disember ini.

If I’m wrong, arrest me, says Rafizi after naming PAS man

With the statutory declaration, any police report and subsequent charge will open the way for us to drag the 1MDB issue to court again, says Pandan MP Rafizi Ramli. KUALA LUMPUR: Confident of his revelation that former PAS deputy president Nasharudin Mat Isa was a recipient of funds allegedly embezzled from 1MDB, PKR vice-president Rafizi […]

The U.S. Is Preparing to Charge Financier Jho Low in Malaysian 1MDB Scandal

U.S. authorities intend to file criminal charges against a financier in connection with an international scandal rooted in Malaysia that they believe could be one of the largest financial frauds ever, according to people familiar with the matter. The scandal involves a state fund called 1Malaysia Development Bhd., or 1MDB, and the focus of the […]

AFP looks into whether 1MDB loot stashed here

Federal police are investigating whether ill-gotten gains connect­ed with Malaysia’s multi-billion-dollar 1MDB scandal, which has seen the country’s Prime Minister, Najib Razak, accused of funnelling $US1 billion through his bank account, have been stashed in Australia. AFP officers are assisting at least one of the three known authorities — the Swiss, the Americans and the […]

Najib rebranding himself, says The Economist

KUALA LUMPUR: Prime Minister Najib Razak is masterfully rebranding himself as a devout Muslim and has successfully undermined the opposition, according to The Economist. In its latest edition, the respected magazine says despite the mysteries surrounding 1MDB, the prime minister appears to be consolidating his power. Najib, it says, is “at the top of his […]

Kementerian: Hutang 1MDB tiada kaitan dengan kerajaan

KUALA LUMPUR: Hutang berbilion ringgit yang ditanggung 1Malaysia Development Berhad (1MDB) tidak diklasifikasikan sebagai tunggakan yang ditanggung kerajaan persekutuan, jelas Kementerian Kewangan hari ini. “Oleh itu, hutang yang ditanggung 1MDB dan projek-projek lain yang berkaitan dengannya tidak menyumbang kepada hutang persekutuan secara keseluruhan,” katanya dalam jawapan bertulis kepada Teresa Kok (DAP-Seputeh) hari ini.

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