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The additional government borrowings of RM58 billion are used to pay ongoing commitments made by the previous administration including 1MDB debts
The trial of Datuk Seri Najib Tun Razak who is facing 4 charges of having used his positions to obtain gratification totalling RM2.3 billion in 1Malaysia Development Bhd (1MDB) funds and 21 counts of money laundering will begin next Monday in which the prosecution is expected to start with oral evidence by witnesses.
U.S. prosecutors are seeking to sell three luxury homes linked to the Riza Aziz, the stepson of former Prime Minister Najib Razak in the latest effort to recover money allegedly stolen from 1Malaysia Developmemt Berhad (1MDB).
Former Prime Minister Datuk Seri Najib Tun Razak failed in his final appeal at the Federal Court here today to postpone his 1Malaysia Development Berhad (1MDB) trial scheduled for Aug 19.
The Malaysian Anti-Corruption Commission (MACC) will not reopen the case to investigate the death of Teoh Beng Hock or run internal investigation.
The High Court has allowed the government to seize RM48 million from Tan Sri Larry Low Hock Peng, the father of fugitive businessman Low Taek Jho who is better known as Jho Low