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.
KUALA LUMPUR, Jan 5 A former chief financial officer of 1Malaysia Development Berhad (1MDB) today denied that the government-owned company had dropped him from a civil lawsuit in order for him to incriminate former prime minister Datuk Seri Najib Razak in court. Azmi Tahir, the 12th prosecution.
KUALA LUMPUR (Bernama): The application of Datuk Seri Najib Tun Razak (pic) for a stay of proceedings in the US$8bil (RM33.2bil) civil suit filed by 1Malaysia Development Bhd (1MDB) against him and several others, will be heard on Feb 11 next year.
KUALA LUMPUR: A High Court judicial commissioner set to preside over a 1Malaysia Development Bhd (1MDB) lawsuit has disclosed his ties with the sovereign wealth fund and a defendant in the case while maintaining his impartiality.
Lawyer Rosli Dahlan told The Star that JC Atan Mustaffa Yussof Ahmad had informed parties during case management that, prior to his appointment as a judicial commissioner and during his time in private practice, 1MDB had engaged his former law firm to act for it in a construction adjudication issue where it was being sued. However, the matter ultimately did not proceed and it was abandoned soon after their engagement, Rosli said when contacted here on Wednesday (June 9).
KUALA LUMPUR (May 10): 1Malaysia Development Bhd (1MDB) has filed a total of six separate suits, including against foreign banks Deutsche Bank, JP Morgan and Coutts & Co.
Also sued are individuals including former prime minister Datuk Seri Najib Razak, former Treasury secretary-general Tan Sri Mohd Irwan Serigar, as well as former 1MDB chief executive officers (CEOs) Datuk Shahrol Ibrahim Halmi and Arul Kanda Kandasamy, among others.
One of the six suits filed is against Deutsche Bank (Malaysia) Ltd, Coutts & Co Ltd, JP Morgan (Switzerland) Ltd and two PetroSaudi companies for alleged negligence, breach of contract, conspiracy to defraud the company and dishonest assistance to defraud to the total amount of US$4.923 billion (about RM20.22 billion).