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The prosecution once again failed to obtain a stay order against the High Court's dismissal of its application to forfeit over RM194 million seized by the Malaysian Anti-Corruption Commission (MACC) from UMNO, Wanita MCA and two companies.
The cross examination of 1Malaysia Development Berhad (1MDB) which was postponed following the Movement Control Order (MCO) was started with the testimony from the ninth witness, Datuk Shahrol Azral Ibrahim.
The High Court here today allowed the government to forfeit almost RM600,000 in cash belonging to Hollywood producer Riza Shahriz Abdul Aziz, the stepson of former prime minister Datuk Seri Najib Tun Razak, that was seized by the police two years ago.
The government of Malaysia is expected to receive an estimation of USD107.3 million (RM465.3 million) in foreign assets following the discharge not amounting to an acquittal (DNAA) of Riza Aziz over his money laundering charges.
Riza Shahriz Abdul Aziz is granted a discharge not amounting to an acquittal (DNAA) over five counts of money-laundering over US$248 million (RM1.25 billion) allegedly misappropriated from 1Malaysia Development Berhad (1MDB)
The high-profile trial of former prime minister Datuk Seri Najib Tun Razak, who is facing corruption and money laundering charges involving RM2.3 billion of 1Malaysia Development Berhad (1MDB) funds, will resume on May 13 in full compliance with the open court proceedings guidelines following the COVID-19 pandemic.
The U.S. Department of Justice (DOJ) has repatriated US$300 million to Malaysia in recovered money misappropriated from 1Malaysia Development Berhad (1MDB).
High Court Judge Mohamed Zaini Mazlan questioned the prosecution team following their objection against the application made by Datuk Seri Najib Razak, who wanted to physically examine the items seized allegedly linked to the 1Malaysia Development Berhad (1MDB) scandal.