MEF, MTUC agree to amend Employment Act, Trade Unions Act [ 2h ago ]

1MDB BOD not informed about US$700 million loan in JV with PSI

KUALA LUMPUR, Oct 24 -- The High Court was today told that 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the RM700 million debt by its joint-venture company 1MDB-PetroSaudi Ltd upon the signing of the joint venture  with PetroSaudi International Ltd (PSI) .

Jho Low responsible for preparing 1MDB action plans, Najib's talking points - witness

KUALA LUMPUR, Oct 21 -- The High Court here today was told that the fugitive businessman Low Teak Jho or Jho Low was entrusted with the responsibility of preparing 1Malaysia Development Berhad's (1MDB) action plan and also the talking points of Datuk Seri Najib Tun Razak.

Yayasan Penyelidikan Transformasi agrees to forfeit over RM400,000 1MDB funds

KUALA LUMPUR, Oct 21 -- The High Court here today was told that the Yayasan Penyelidikan Transformasi (FORT) has agreed to forfeit RM407,011.46, allegedly received from the 1Malaysia Development Berhad (1MBD), to the Malaysian government.

Signing ceremony between 1MDB and PSI JV never happened

KUALA LUMPUR, Oct 21 -- The signing ceremony of the joint-venture (JV) project between 1Malaysia Development Berhad (1MDB) and PetroSaudi International Ltd (PSI) never happened, the High Court heard today.

1MDB BoD did not know of US$700 mil loan agreement, court told

KUALA LUMPUR, Oct 21 -- The High Court here today was told that the 1Malaysia Development Berhad (1MDB) board of directors (BOD) did not know about the US$700 million loan agreement signed by the 1MDB-PetroSaudi International Ltd joint venture company (JVC) in 2009, prior to the actual joint venture agreement between both sovereign wealth funds.

Highlights of Najib's 1MDB trial on Oct 14- 17

KUALA LUMPUR, Oct 19 -- The High Court in the 1Malaysia Development Berhad (1MDB) trial of Datuk Seri Najib Tun Razak this week heard among others, that a joint venture (JV) between 1MDB and PetroSaudi International Ltd (PSI) was mainly about “a friend helping a friend”.

1MDB Scandal: Federal government recovers RM9,560.96 from Sabah LDP

KUALA LUMPUR, Oct 18  -- RM9,560.96 of RM509,560.96 seized from Sabah Liberal Democratic Party (LDP) following the 1Malaysia Development Berhad (1MDB) scandal will return to the federal government’s coffers following a consent judgment today.