1MDB trial: Defence presses for ex-CEO Hazem, Shahrol and other executives to be jailed for alleged fraud, CBT involving misappropriation of US$975m loan

KUALA LUMPUR : The defence in Datuk Seri Najib Razak’s abuse of power and money laundering trial today (Aug 23) … More

1MDB ex-CEO denies hiding info from board to protect salary, bonus; denies putting own interests above firm’s

KUALA LUMPUR : A former CEO of 1Malaysia Development Berhad (1MDB) today (Aug 19) denied that he had concealed information … More

Shafee suggests former 1MDB CEO and others should be on trial, not Najib

KUALA LUMPUR : A former CEO of 1Malaysia Development Berhad (1MDB) today disagreed in court to suggestions that he had … More

Ex-1MDB CEO confirms Jho Low was actual CEO, claims PM Najib put up ‘drama’ despite knowing funds disappeared

KUALA LUMPUR : A former CEO of 1Malaysia Development Berhad (1MDB) today confirmed to the High Court that he was … More

1MDB board performed ‘sandiwara’ to hide fact that money in Swiss bank account was actually for Umno — witness

KUALA LUMPUR : Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abdul Rahman testified today (May 27) that the board … More

1MDB subsidiary’s US$2.7b became US$60,000 in just months but CEO kept mum, court hears

KUALA LUMPUR : The over US$2.7 billion deposited in a 1Malaysia Development Berhad (1MDB) subsidiary’s bank account in March 2013 … More

Najib’s lawyers: ‘Octopus’ Jho Low was ‘real 1MDB thief’, with tentacles in many countries

KUALA LUMPUR : Datuk Seri Najib Razak’s lawyers today (May 20) sought to suggest that the now fugitive Low Taek … More

Najib’s lawyer asks 1MDB ex-CEO to see if signatures authorising multi-million fund transfers were ‘cut and paste’ but told not handwriting expert

KUALA LUMPUR : Datuk Seri Najib Razak’s lawyer today (May 19) tried to ask a former chief of 1Malaysia Development … More

Ex-1MDB CEO cites Jho Low’s instructions on alleged ‘boss’ Najib over signing of US$3b fundraising agreements without full documents in hand

KUALA LUMPUR : Former 1Malaysia Development Berhad (1MDB) CEO Mohd Hazem Abd Rahman today (May 17) cited now-fugitive businessman Low … More

In High Court, Najib’s lawyer says incorrect to say ex-PM had direct control over 1MDB

KUALA LUMPUR : The High Court today (April 23) was told that it is incorrect for the prosecution to say … More

No logical explanation for alleged 1MDB-linked inflows into Najib’s account, court hears

The entire thing is a mechanism for money laundering, says the deputy public prosecutor. No logical explanation has been offered … More

Hazem denies involvement in 1MDB fundraising exercise as claimed by Shahrol

KUALA LUMPUR : Former 1MDB chief executive officer Mohd Hazem Abdul Rahman has denied being involved in the US$3 billion … More

Four tranches of million-dollar outflows seen on the same day 1MDB Energy raised US$1.6b, court told

KUALA LUMPUR : 1MDB Energy (Langat) Ltd (1MELL) — a subsidiary of 1Malaysia Development Bhd (1MDB) — saw four tranches … More

1MDB-Tanore trial: Jho Low may have been the mastermind, but the ultimate boss was Najib, says ex-CEO

KUALA LUMPUR : Although fugitive businessman Low Taek Jho (Jho Low) was the alleged mastermind behind the transfer of millions … More

Ex-CEO: Najib signed US$975m loan approval before 1MDB board knew about it, labelled ‘boss’ by Jho Low

KUALA LUMPUR : Datuk Seri Najib Razak had signed his written approval for government-owned company 1Malaysia Development Berhad (1MDB) to … More

In Najib trial, ex-1MDB CEO Hazem says quit because Jho Low controlled funds; adds even subordinates didn’t want job

KUALA LUMPUR : Mohd Hazem Abd Rahman who was CEO of government-owned 1Malaysia Development Berhad (1MDB) for less than two … More

1MDB ex-CEO reveals Jho Low’s script for Najib’s meeting with auditors at PM’s house, why KPMG replaced by Deloitte

KUALA LUMPUR : Low Taek Jho provided Datuk Seri Najib Razak a written script to follow when trying to convince … More

Ex-CEO: Jho Low was Najib’s trusted right-hand man, ‘proxy’ for 1MDB

KUALA LUMPUR : Low Taek Jho was the trusted right-hand man of then prime minister Datuk Seri Najib Razak in … More

Ex-1MDB CEO’s entire witness statement allowed to be read despite defence’s hearsay claim

KUALA LUMPUR : 1MDB chief executive office Mohd Hazem Abdul Rahman’s witness statement in the 1MDB-Tanore trial has been accepted … More

Najib’s trial: Prosecution insists 1MDB ex-CEO’s claims of Jho Low’s remarks exempt from hearsay rule, admissible

KUALA LUMPUR : Remarks attributed to fugitive businessman Low Taek Jho by a former 1Malaysia Development Berhad (1MDB) chief executive … More

Najib’s lawyer objects to 1MDB ex-CEO testifying about Jho Low’s alleged remarks, claims hearsay

KUALA LUMPUR : Datuk Seri Najib Razak’s lawyer today contested former 1Malaysia Development Berhad (1MDB) chief executive Mohd Hazem Abd … More

1MDB board never discussed acquisition of purported subsidiary Devonshire Limited Capital, ex-CEO testifies

KUALA LUMPUR : The board of directors of 1Malaysia Development Berhad (1MDB) never discussed the acquisition of its purported subsidiary, … More

Shahrol: Ex-1MDB CEO Hazem’s CV had Najib’s notation

KUALA LUMPUR : When the resume of former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Mohd Hazem Abdul Rahman … More