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PUTRAJAYA: The High Court was told that 1Malaysia Development Bhd (1MDB) benefitted the country despite the massive debt it incurred. Datuk Seri Najib Razak disagreed with the prosecution's ...
1MDB, as the fund is known, together its subsidiaries and liquidators, had filed the suit on Dec. 20 against Amicorp for facilitating fraudulent transactions.
But Amicorp said the misappropriated 1MDB funds were "ill-gotten by or for the benefit" of Malaysian senior government officials and the top senior ... Reuters is a news agency founded in 1851 ...
As of September this year, Malaysia has recovered $6.06 billion linked to 1MDB, state news agency Bernama reported. Reuters is a news agency founded in 1851 and owned by the Thomson Reuters ...