March 3, 2021

New govt ‘doesn’t seem’ to oppose DFTZ, says MAHB’s Badlisham

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By Chester Tay From The Edge Markets KUALA LUMPUR (June 11): Malaysia Airports Holdings Bhd (MAHB) managing director Datuk Badlisham Ghazali said the new government led by Tun Dr Mahathir Mohamad “doesn’t seem” to be opposing the Digital Free Trade Zone (DFTZ) within the KLIA Aeropolis. Speaking to reporters after meeting the Council of Eminent […]

1MDB investment decisions involving PetroSaudi made without detailed assessment

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By Gurmeet Kaur From The Star KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) investment decisions in joint-venture companies involving PetroSaudi were made within eight days, without a detailed assessment process and before the issues or conditions raised by the 1MDB Board are resolved, the declassified auditor-general’s report on 1MDB released on Tuesday stated. Joint-venture investments by […]

How US$700M from 1MDB to PetroSaudi Holdings (Cayman) Ltd became “Dirty” Criminal Money.

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By Matthias Chang – Future Fast-Forward For those who have short memories, I will recap how 1MDB paid out US$700 million to the Jho Low/1MDB crime syndicate. Step 1: On 18th September, 2009 a JV Company called 1MDB-PetroSaudi Ltd, was incorporated in the British Virgin Islands. This was even before the JV agreement was entered […]

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 […]