September 16, 2019

Malaysia has sold the luxury yacht at the center of the 1MDB corruption scandal

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By Isabella Steger From Quartz A $250-million-yacht complete with a massage room, a sauna, a helicopter landing pad, a cinema, and gold-leaf fittings that oncehosted celeb-studded parties—and is now key to Malaysia’s efforts to recover funds related to the 1MDB scandal—has found a buyer. The Malaysian government announced today (April 3) that it had sold the vessel […]

US court rejects Jho Low’s family’s bid to claim assets

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Reuters From FMT News The ruling marks the latest setback for the family members, which last week had a motion to delay the hearing denied, squashing plans to try courts in New Zealand and the Cayman Islands. WASHINGTON: A US federal judge rejected on Monday a move by family members of Malaysian businessman Low Taek […]

1MDB: Ex-BSI banker trial: I never worked for Jho Low, says Yeo Jiawei

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By Grace Leong From Straits Tmes SINGAPORE – Former BSI banker Yeo Jiawei said on Friday (Nov 11) that he had never been employed by Low Taek Jho nor had he ever “received a single cent” from the controversial Malaysian tycoon, better known as Jho Low. Yeo was testifying for the second straight day in […]

The Edge: Our report exposed fraud

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From Malaysia Kini The Edge Financial Daily’s latest report on 1MDB today denied the allegation that it was part of a political conspiracy, and instead recounted an alleged scheme by tycoon Jho Low and PetroSaudi International (PSI) to steal billions from Malaysia. “We have a duty to find and report the truth. Our reports on […]