Tag Archives: 1Malaysia Development Berhad

August 18

Jho Low says he will not surrender

A Malaysian financier wanted for his role in the multi-billion-dollar scandal at state fund 1MDB has said he does not expect to get a fair hearing anywhere and will not present himself to any country where his guilt has been predetermined. Reuters report: Low Taek Jho, better known as Jho Low, has been identified by […]

April 17

Indonesia court rules yacht seizure in 1MDB case invalid

An Indonesian court on Tuesday (April 17) ruled that the seizure of a luxury yacht linked to a US investigation into scandal-ridden state fund 1Malaysia Development Berhad (1MDB) was invalid and without legal basis. “We declare the confiscation by police as invalid and legally baseless,” Justice Ratmoho told the hearing at the South Jakarta District Court. […]

February 02

Switzerland says Najib not a suspect in 1MDB probe

Prime Minister Datuk Seri Najib Razak is not one of the suspects in Switzerland’s criminal investigation on 1Malaysia Development Berhad (1MDB), the Swiss Attorney-General’s Office said. The MalayMail OnLine reports: Swiss Attorney-General Michael Lauber publicised Friday a request for Malaysia’s aid in his office’s probe on 1MDB that revealed suspected misappropriation of about US$4 billion […]

January 06

1MDB’s failure to settle debt seen driving down ringgit, says economist

Tonight our sleep may be somewhat disturbed. As it is, our day today had been disturbed by news of a weakening Ringgit against the US Dollar. The Edge Financial Daily and its sister news portal Malaysian Insider posted this report – 1Malaysia Development Bhd’s (1MDB) failure to settle an RM2 billion loan to local lenders […]

January 06

Bank Negara grills top executives as 1MDB fails to settle RM2 billion debt again

Today Malaysians wake up to this piece of news. And I really mean wake up. Malaysian Insider and its counterpart The Edge Financial Daily report – Not only is heavily indebted 1Malaysia Development Bhd (1MDB) getting a new chief executive officer (CEO), but it has also failed for a second time to pay a RM2 […]