December 2, 2023

I was told to sign US$1 bil deal with Caribbean [Cayman] company, says ex-1MDB CEO

By Ho Kit Yen From Free Malaysia Today KUALA LUMPUR: Former 1MDB chief executive officer Shahrol Azral Ibrahim Halmi told the High Court today his management staff told him it was “okay” to sign the sovereign fund’s US$1 billion deal with a Caribbean company, purported to be a subsidiary company for Petro Saudi International. Shahrol […]

NuHealth self-insurer spent $113,000 on Caribbean travel [including Cayman Islands]

By Scott Eidler From Newsday Officials of an offshore insurer funded by NuHealth, which runs Nassau’s only public hospital, spent the money for officials to attend meetings on Caribbean islands since 2012. An offshore insurance company operated and funded by the public benefit corporation that runs Nassau County’s only public hospital spent more than $113,000 […]