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Najib claims the king had issued an addendum to his original decree that would allow Najib to serve his reduced sentence ‘under condition of home arrest’. ....
GENEVA (AP): Two former managers of PetroSaudi, a Saudi oil exploration company, went on trial in Switzerland on Tuesday (April 2) for alleged fraud and money laundering over a scandal years ago linked to 1Malaysia Development Berhad (1MDB) that the US Justice Department once described as the "biggest kleptocracy case" ever. ....
KUALA LUMPUR: The Edge Media Group chairman was asked to leave the residence of former prime minister Datuk Seri Najib Razak after the media magnate suggested that fugitive businessman Low Taek Jho, or Jho Low, should be investigated and charged for stealing US$700mil from 1Malaysia Development Bhd (1MDB), the High Court heard. ....
KUALA LUMPUR: The hearing of the government’s application to block PetroSaudi International Ltd (PSI), its subsidiary PetroSaudi Oil Services (Venezuela) Limited (PSOS-VZ) and Saudi national Tarek Obaid, from using over US$340mil (RM1.55bil) linked to 1Malaysia Development Berhad (1MDB) which was kept in a client’s account at a United Kingdom law firm, has been postponed to Nov 23. ....