Lembaga pemulihan aset 1MDB berkata keputusan mahkamah tinggi langkah ke depan dalam usaha mendapatkan semula dana yang dicuri.

Its asset recovery board welcomes the High Court ruling, calling it a step forward in seeking justice and recovering stolen 1MDB funds.

The sister of fugitive Malaysian financier Low Taek Jho, whose whereabouts are still unknown, and a close associate were ordered by the Kuala Lumpur High Court to pay 11.58 billion ringgit (US$2.8 billion) to 1Malaysia Development Bhd (1MDB), over tainted proceeds misappropriated from the state fund

KUALA LUMPUR - The High Court here today ordered Eric Tan Kim Loong, an associate of fugitive businessman Low Taek Jho or Jho Low, to pay a total of US$2.8 billion to 1Malaysia Development Berhad (1MDB) and its four subsidiaries.Judge Mahazan Mat Taib, who granted the judgment in default, also ordered Jho Lows sister, Low May Lin, to pay US$809,319 to the sovereign wealth fund.In 2021, 1MDB and its four subsidiaries -- 1MDB Energy Holdings Limited, 1MDB Energy Limited, 1MDB Energy (Langat) Limited and Global Diversified Investment Company Limited (formerly known as 1MDB Global Investments Limited) -- filed the suit against the duo.Judge Mahazan declared that both defendants were constructive trustees of 1MDB for the sums they had received, and that they were liable to return all sums deemed secret profits obtained in fraud of the plaintiffs."Thus, costs of RM500,000 are to be paid jointly and severally by both defendants to the plaintiffs, she said.The judge also ruled that the documentary evidence demonstrates that Eric Tan was the beneficial owner of the Alsen Chance and Blackstone accounts, where these accounts received significant flows of money wrongly diverted from 1MDB, amounting to US$2,795,333,000."Eric Tan is a known close associate of Jho Low and served as an essential conduit in the laundering and layering of the stolen funds

KUALA LUMPUR, Nov 25 Sovereign investment fund 1Malaysia Development Berhad (1MDB) and its four subsidiari...

A Singapore court has cleared the way for a US$2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said on Monday

The 1MDB fund collapsed in 2016, spawning multiple lawsuits against banks across Asia, Europe and the US.

KUALA LUMPUR, Nov 13 JPMorgan and Coutts & Co have been removed from 1Malaysia Development Bhds (1MDB) US...

Pendengaran hujah kes 1Malaysia Development Berhad (1MDB) bernilai RM2.3 bilion yang melibatkan Datuk Seri Najib Tun Razak di Mahkamah Tinggi di sini telah tamat hari ini.

1MDB TRIAL Judge directs prosecution, defence to submit remaining minor issues in writing.

1MDB TRIAL 302-day trial spanned seven years.

PUTRAJAYA – Selepas tujuh tahun perbicaraan berlangsung, Mahkamah Tinggi Kuala Lumpur menetapkan 26 Disember ini bagi keputusan Datuk Seri Najib Tun Razak atas 25 pertuduhan berkaitan penyelewengan RM2.3 billion dana 1Malaysia Development Berhad (1MDB)

PUTRAJAYA: The High Court has fixed Dec 26 to deliver its decision in Datuk Seri Najib Razak's graft trial involving the misappropriation of RM2.28bil from 1Malaysia Development Bhd (1MDB)

Pihak pendakwaan dalam perbicaraan Najib berhubung dakwaan penyelewengan RM2.3 bilion daripada 1MDB memberitahu bekas perdana menteri itu perancang kepada jenayahnya sendiri.

1MDB TRIAL Former prime minister knew of dubious transactions yet did nothing, they argue.

1MDB TRIAL Lawyers tell court in amazement that Shahrol could switch between 'two masks' easily.

Peguam Najib Razak berkata cadangan projek pembangunan TRX dibincang dan diluluskan oleh lembaga pengarah 1MDB pada 2013.

Patrick Mahony was a Director of PetroSaudi, a company at the heart of Malaysia's 1MDB sovereign 'development' fund fraud, which represents the world's largest recorded theft