This is not the time to discuss on power transition - Azmin [ 1h ago ]

Najib's stepson company, Red Granite received US$9 million from Jho Low's Good Star LTD - witness

KUALA LUMPUR, Sept 26  -- Hollywood production company Red Granite Pictures (the company behind The Wolf of Wall Street)  owned by Datuk Seri Najib Tun Razak’s stepson, Riza Shahriz Abdul Aziz had received US$9mil (about RM38mil) as an advance to produce the movie from Good Star Ltd, a company that belonged to fugitive businessman Low Taek Jho or Jho Low.

Witness: Najib received 'expensive' watch from PSI CEO

KUALA LUMPUR, Sept 26 -- The High Court today heard that former Prime Minister Datuk Seri Najib Tun Razak was gifted an expensive-looking watch by PetroSaudi International Limited (PSI) co-founder and chief executive officer Tarek Obaid.

Ex CEO: Jho Low ordered destruction of 1MDB-PSI joint venture documents

KUALA LUMPUR, Sept 26 -- Fugitive businessman Jho Low constantly instructed that documents on the joint venture between 1Malaysia Development Berhad (1MDB) and PetroSaudi International Ltd (PSI), be destroyed to avoid their misuse against former prime minister Datuk Seri Najib Tun Razak.  

Jho Low acts as "matchmaker" for Najib-Goldman Sachs CEO meeting - Witness

KUALA LUMPUR, Sept 26  -- The High Court here was today told that Low Taek Jho or Jho Low became the “matchmaker” between Datuk Seri Najib Tun Razak and Goldman Sachs (Global) chief executive officer (CEO), Llyod Craig Blankfein for a meeting at Four Seasons Hotel, New York in 2009 to discuss cooperation between 1Malaysia Development Berhad (1MDB) and Goldman Sachs in overseas investment.

PSI requested 1MDB to send swift clarification to change beneficiary details

KUALA LUMPUR, Sept 26  -- The High Court here was told today that PetroSaudi International Ltd (PSI) chief executive officer (CEO) Tarek Obid had requested 1Malaysia Development Berhad (1MDB) to send a swift clarification to change the beneficiary's detailed information from PSI to an account number.

1MDB's 'draw down' of RM715 million for TRX, Bandar Malaysia projects - Witness

KUALA LUMPUR, Sept 26 -- 1Malaysia Development Berhad (1MDB) had drawn down RM715 million from the Syndicated Term Loan (STL) involving the Kuala Lumpur International Financial District (KLIFD), now known as the Tun Razak Exchange (TRX), and the Bandar Malaysia projects.

1MDB injected US$1.83 bln into PSI and Good Star Limited - Witness

KUALA LUMPUR, Sept 26 -- The High Court was told today that the total amount of funds injected by 1Malaysia Development Berhad (1MDB) into PetroSaudi International Limited (PSI) and Good Star Limited (allegedly owned by Low Taek Jho or Jho Low) was US$1.83 billion.

PSI requested US$750 mln in additional funds from 1MDB, says former 1MDB CEO

KUALA LUMPUR, Sept 26 -- PetroSaudi International Limited (PSI) through its representative, Patrick Mahony, had made an oral request through Low Taek Jho or Jho Low, for a drawdown of US$750 million from 1Malaysia Development Berhad (1MDB) to inject additional funds into PSI, the High Court here was told today.

PSI unhappy when loan amount reduced - Ex-1MDB CEO

KUALA LUMPUR, Sept 26 -- PetroSaudi International Limited (PSI) was very disappointed and dissatisfied when the amount of the additional loan they requested from the 1Malaysia Development Berhad (1MDB) has been reduced from US$330 million to US$205 million, the High court was told today.