Tag Archives: 1MDB

October 23

‘Billion Dollar Whale’ author claims Jho Low developed taste for riches at prestigious UK school

Fugitive financier Low Taek Jho’s drive to embezzle billions from the 1Malaysia Development Board (1MDB) fund may have been inspired by his time as a student in one of the United Kingdom’s most prestigious boarding schools, said Tom Wright. The Malay Mail’s Jerry Choong reports: The Wall Street Journal’s Asian economics editor and co-author of […]

October 27

Another ‘investigative bang’?

CLARE Rewcastle-Brown’s need for an audience is obvious to anyone who reads her ranting about the Wall Street Journal’s brilliant book, Billion Dollar Whale. Rewcastle-Brown had survived because she was the lucky receiver of stolen files from PetroSaudi. But she was totally outstripped by the WSJ because they could understand and explain the material. Rewcastle […]

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. […]

May 26

EPF appoints MRCB as Kwasa Damansara project delivery partner

The Employees Provident Fund’s (EPF) wholly-owned unit Kwasa Land Sdn Bhd appointed Malaysian Resources Corp Bhd (MRCB) as project delivery partner (PDP) to develop the Kwasa Damansara township’s main infrastructure. Kwasa Damansara is a future township within 932ha (2,330 acres) in Sungai Buloh, Selangor. The Rubber Research Institute Malaysia was formerly located there. In a […]

March 17

BritishIndia loses legal bid to remain on 1st floor of Suria KLCC

Home-grown lifestyle boutique BritishIndia lost its legal bid continue operating at its current premises on the first floor of Suria KLCC. NST’s Hidir Reduan reports: The High Court today ordered the brand’s owner BTC Clothier Sdn Bhd to vacate the premises following dismissal of the suit over the shopping mall’s alleged wrongful termination of a […]

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 […]