KUALA LUMPUR: Datuk Seri Najib Razak can only withdraw up to RM100,000 from his bank accounts monthly, this after 1Malaysia Development Bhd (1MDB) and a subsidiary obtained an ex parte injunction from the High Court.
Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh testified on Wednesday (Dec 22) that Datuk Seri Najib Razak, who was then prime minister, did not respond to his text messages about the outflow of US$700 million to an unknown entity.
KUALA LUMPUR: Fugitive financier Low Taek Jho attended a 1Malaysia Development Bhd (1MDB) board meeting some 12 years ago, but his name was later omitted from the minutes, the High Court heard.
Tuesday, 23 Feb 2021 05:33 PM MYT
BY IDA LIM
The news report cited an anonymous source as confirming that the court had recorded a judgment in default against 1MDB s former general counsel or in-house lawyer Jasmine Loo Ai Swan. Picture by Yusof Mat Isa
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KUALA LUMPUR, Feb 23 The High Court has granted the Malaysian government a judgment in default (JID) against 1Malaysia Development Berhad’s (1MDB) former general counsel or in-house lawyer Jasmine Loo Ai Swan, in the lawsuit over the RM2.496 million in taxes that she has yet to pay to the government.
An action quietly started by Najib’s legal team in the United States last November has come to light, showing that he plans to go on the offensive against the key witnesses testifying for the prosecution in his trial over 1MDB and to blame them for misleading him, their boss, over the theft of billions that ended up in his own accounts.
The case being brought in the Southern District of New York is a so-called Discovery Application using civil law procedures that would enable him to force both the bank Goldman Sachs and their former Southeast Asia boss Tim Leissner to produce documents and be questioned relating their own settlements with the Department of Justice over 1MDB. Both pleaded guilty and acknowledged guilt: Leissner is due to be sentenced this month and the bank has accepted a Deferred Prosecution agreement involving record fines.