KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) has contributed to the recovery of US$20 million (RM94 million) in misappropriated funds linked to the 1Malaysia Development Bhd (1MDB) global financial scandal.
In a...
Money misappropriated between 2009 and 2014 was put through layers of sham companies and fake transactions to seem as if 1MDB’s investments had generated returns
The agreement signed between the Malaysian government and Goldman Sachs Group Inc regarding the recovery of 1Malaysia Development Bhd assets in 2020 was vague and not detailed, said 1MDB Asset Recovery Taskforce chairman Datuk Seri Johari Abdul Ghani.
Two of ex-prime minister Datuk Seri Najib Razak's former officers are among those who returned monies and assets linked to 1Malaysia Development Bhd (1MDB) from 2023 until February 5 of this year.
A desire to impart her years of experience to the younger generation has seen former world number five squash player Low Wee Wern make the tough decision to hang up her racquet.
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil
Datuk Seri Saarani Mohamad said the process was carried out legally, adding that MB Inc held a series of direct negotiations with the farm operators since 2021, in addition to offering ex-gratia at a reasonable rate.
