My Sinchew/ 1MDB

1MDB board offers to resign

The board of directors of 1Malaysia Development Bhd (1MDB) have collectively decided to offer its resignation to the Minister of Finance (Incorporated) or MoF Inc, given the findings of the Public Accounts Committee (PAC) Report.


1MDB: PAC cites murky fund payments, urges probe

A Malaysian parliamentary report released Thursday said a state-owned fund linked to Prime Minister Najib Razak made more than $3 billion in unexplained overseas payments and called for the fund's former CEO to be investigated.


PAC: Shahrol is responsible

PAC is of the opinion that former 1MDB chief executive Shahrol Ibrahim Halmi has to be held responsible for the irregularities in the company.


Rafizi arrested under OSA

IGP confirms that Rafizi Ramli has been arrested under Section 8 of the Official Secrets Act.


Former AG should apologize: Azalina

Azalina says the former AG's move has marred the reputation of the country and the prime minister.


Singapore seeks bank details on 1MDB probe

The Monetary Authority of Singapore confirms it has asked a number of banks to provide information on fund flows as part of a probe into possible money-laundering related to 1MDB.


Banks asked for details of 1MDB dealings

According to sources from the US banking sector, the US Department of Justice has asked Deutsche Bank and JP Morgan for details of 1MDB dealings.


Nasir: Wish I didn't...

Nasir says on his Instagram account that he wished he had not helped his brother transfer the money to party machinery.


Between conspiracy and truth

A claim has to be substantiated with solid evidences, logical inferences.and reasonable arguments to be convincing. This goes for both Najib and LGE.


1MDB unit settles RM700m syndicated term loan facility

1Malaysia Development Bhd's unit, Edra Energy (Langat) Sdn Bhd, has fully repaid a RM700 million Syndicated Term Loan Facility to a consortium of domestic banks, as per the terms of the loan agreement.


 

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