Bold, independent coverage of Malaysian politics, business and current affairs.
Datuk Shahrol Azral Ibrahim Halmi, former CEO of troubled investment firm 1MDB, testified in High Court that he cannot explain why the company altered its legal allegations against him in a separate lawsuit filed in August 2021.
Lawmakers have called for a coordinated multi-agency investigation into past governance failures at Lembaga Tabung Haji, with focus on determining whether irregularities intersect with the controversial 1MDB fund scandal.
Lembaga Tabung Haji's investment in Putrajaya Perdana and appointment of its chairman to the company have exposed the pilgrimage fund's entanglement with 1Malaysia Development Bhd transactions, resulting in substantial financial losses.
Malaysia's anti-corruption commission will lead a special ASEAN training course on asset recovery, drawing on its experience handling the 1MDB case. The initiative aims to strengthen regional cooperation in combating corruption.
Malaysia has received over USD1.37 billion in recovered assets linked to the 1MDB scandal from the United States, according to the Minister in the Prime Minister's Department. Substantial additional funds remain frozen or subject to forfeiture proceedings.
Malaysia's Finance Ministry has defended the use of Asset Recovery Trust Account funds to repay debts owed by 1MDB and SRC International, stating all disbursements comply with established trust directives and governance protocols.
Housing and Local Government Minister Nga Kor Ming has reiterated his readiness to resign from Cabinet if Malaysia's judicial integrity is undermined, citing principle rather than personal concerns amid recent political developments.