A former 1MDB chairman said that no one from the firm suggested that its then CEO, Shahrol Azral Ibrahim Halmi, face the music for transferring US$700 million to a company with no business ties.

1MDB also alleged that both defendants committed breach of trust and conspiracy by misappropriating US$3.5bil in company funds paid to Aabar Investments and US$1.265bil paid to International ...

1Malaysia Development Bhd (1MDB) is a state investment fund that came under investigation for alleged impropriety in July 2015, after reports emerged that investigators traced some US$700 ...

KUALA LUMPUR: The High Court here on Friday (March 7) ordered 1Malaysia Development Berhad (1MDB) to pay RM225,000 in costs to former Prime Minister Datuk Seri Najib Tun Razak’s step-son ...