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The government today announced a ‘GLIC mandate recharge’ to reform the mandate and roles of Malaysia’s government-linked investment companies (GLICs) to be aligned with the national agenda and support the nation’s economic recovery plan. ....
This is believed to be the second 1MDB-related lawsuit filed by Shearn Delamore. Audit firm KPMG on Friday denied the allegations and pledged to vigorously contest the suit filed against 44 current and former partners and linked to its audit of 1MDB s financial statements between 2010 to 2012. The suit, which the finance ministry confirmed had been filed on Tuesday, is the latest in a series of suits filed by Malaysian authorities to recover billions of dollars missing from 1MDB in a scandal that has implicated high-level officials, banks and financial institutions around the world. All allegations as reported in the news are refuted and the claim will be vigorously contested, KPMG said in an emailed statement to Reuters, noting it was disappointed with the suit. ....
Think tanks put forward alternative approaches in fight against Covid-19 thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
10 Jul 2021 / 07:18 H. KUALA LUMPUR: The government of Malaysia, Minister of Finance Inc (MoF Inc), 1Malaysia Development Berhad (1MDB) and four of its subsidiaries have filed a suit against 44 partners of accounting firm KPMG, seeking US$5.6 billion for alleged breach of contract and negligence in auditing 1MDB s financial statements for the financial year between 2010 and 2012. Through the court e-filing system, the government, MoF Inc, 1MDB and its four subsidiaries, namely 1MDB Energy Holdings Limited, 1MDB Energy Limited, 1MDB Energy (Langat) Limited and Global Diversified Investment Company Limited, formerly known as 1MDB Global Investments Limited, as the plaintiffs filed the suit on July 6 in the High Court here through law firm Messrs Shearn Delamore & Co. ....
Malaysia, 1MDB seeking more than $5.6 billion in damages from KPMG partners reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.