KPMG Malaysia says 1MDB audits from 2010 to 2012 were unreliable

KPMG Malaysia says 1MDB audits from 2010 to 2012 were unreliable KUALA LUMPUR, June 26 ― KPMG Malaysia said today its audit reports on 1Malaysia Development Berhad (1MDB) for financial years 2010 to 2012 were unreliable. The accounting firm said since the Auditor General audited the company and the government declassified the audit and review…

Up to RM1.1 billion in cash, valuables seized from Najib, police say

Up to RM1.1 billion in cash, valuables seized from Najib, police say RM440 million worth of jewellery and RM116.7 million cash was seized from residences linked to former prime minister Najib Razak, police said today. Including other items such as handbags and watches, the total value of items seized are estimated to be between RM900…

Malaysia’s Extravagant Ex-First Lady Lands in Graft Investigators’ Sights

Malaysia’s Extravagant Ex-First Lady Lands in Graft Investigators’ Sights KUALA LUMPUR—With her pink diamonds, brightly colored silk robes and vast collection of Hermès Birkin handbags, former Malaysian first lady Rosmah Mansor for years was a lightning rod for anger over suspected corruption. Cartoonists portrayed her in the mold of Imelda Marcos or Grace Mugabe :…

1MDB’s RM53 Billion Liability Malaysians have to pay

Special Report: It started on a yacht This article first appeared in The Edge Malaysia Weekly, on June 25, 2018 – July 01, 2018. And it led to a RM53 Billion* Liability Malaysians have to pay The Ministry of Finance (MOF) has to set aside RM44.6308 billion from now to pay the remaining interest on…

Jho Low’s handiwork from Putrajaya Perdana to SRC to ‘red files’

Cover Story: Jho Low’s handiwork from Putrajaya Perdana to SRC to ‘red files’ This article first appeared in The Edge Malaysia Weekly, on June 11, 2018 – June 17, 2018. INVESTIGATIONS into Low Taek Jho’s role in the multibillion-ringgit scam at 1Malaysia Development Bhd (1MDB) and SRC International have resumed after three years. The Malaysian…

Najib’s statements are so full of holes

Yoursay: At best, Najib is guilty of gross incompetence How does one even begin to comment on this? Former PM Najib Razak’s statements are so full of holes, which ones should we poke first? A prime minister and finance minister who does not know what is going on in 1MDB. A man who signs anything…

Police report to jump-start Altantuya case

Police report to jump-start Altantuya case Father of murdered Mongolian model lodges report in hopes that he will be able to find out who ordered the killing of his daughter 12 years ago. KUALA LUMPUR: The police report lodged today by the father of Mongolian national Altantuya Shaariibuu is expected to “jump-start” the reopening of…

1MDB case must be watertight, says Malaysia’s Mahathir as Najib rumours swirl

1MDB case must be watertight, says Malaysia’s Mahathir as Najib rumours swirl The Malaysian government is taking time to build a watertight case in the 1MDB financial scandal and not be swayed by populist sentiment, according to Prime Minister Mahathir Mohamad. His predecessor Najib Razak is the prime suspect under investigation and has been banned…

The disintegration of BN

The disintegration of BN – from 13 parties to four The once-exalted Barisan Nasional (BN) entered the 14th general election with 13 parties but in just a month since its disastrous defeat on May 9, the coalition has disintegrated and is left with only four parties with another in dispute. Founded in 1973, BN was…

Najib Signed Off Hundreds Of Millions On ‘Scam’ Solar Project For Sarawak Schools

Najib Signed Off Hundreds Of Millions On ‘Scam’ Solar Project For Sarawak Schools Sarawak Report has viewed copious documents indicating that in January 2017 the former Prime Minister personally pushed through an extraordinary RM1.25 billion project, which was awarded to a car rental company in Bintulu, purporting to install solar energy supplies for 369 Sarawak…