EXCLUSIVE : Remember when 1MDB paid RM1.38bn for land in Air Itam, Penang, almost six years ago?
KUALA LUMPUR (May 16): 1Malaysia Development Bhd (1MDB) has filed a suit against an individual seeking to recover over RM6 million for breaching an agreement involving 234.7 acres of land in Air Itam.1MDB has named Tan Jiak Chye, 64, as the sole defendant in the suit filed on April 30, according to court documents sighted by theedgemarkets.com.The case was called for case management today before High Court deputy registrar Idamasliza Maarof, with Tan ordered to file his statement of
The case was called for case management today before High Court deputy registrar Idamasliza Maarof, with Tan ordered to file his statement of defence by June 14.
1MDB, through Aluminium Development Company Sdn Bhd (renamed to Ayer Itam Properties Sdn Bhd, AIPSB) purchased the entire issued share capital of Gerak Indera Sdn Bhd (GISB) and Farlim Properties Sdn Bhd (renamed to AI Real Estate Sdn Bhd [AIRESB]), which collectively held about 75.68% of the total undivided shares or interest in the Air Itam Estate.
Tan accepted the proposal contained in the letter and was paid RM6 million pursuant to the agreement by 1MDB on the same day.
According to 1MDB, after the agreement was entered into between the company and Tan, the company took all reasonable steps to fulfill its obligations to procure the release and discontinuance of the pending suits against Tan and other land holders.
Currently, 1MDB no longer owns any interest in GISB, AIRESB and AIPSB.
The company said Tan has failed, refused and/or neglected to return the money by April 26, 2019 after receiving a letter dated April 23, 2019 from its solicitors.Read more: The Edge Malaysia
Ex-Fugees rapper poised to be charged in case tied to 1MDB probeNEW YORK (May 10): Federal prosecutors are expected to charge former rap star Pras Michel as soon as Friday with campaign-finance violations related to President Barack Obama’s 2012 re-election campaign, according to two people briefed on the matter.Michel will be accused in Washington of contributing funds to pro-Obama organizations without disclosing their foreign origin — specifically Jho Low, who is accused of masterminding a massive diversion of cash from Malaysia’s 1MDB wealth fund — one of the people said.
Gangguan bekalan air di Klang pulih sepenuhnya, kata Air SelangorInsiden 3 paip utama pecah di tapak projek WCE sejak Sabtu lepas menyebabkan hampir 800,000 pengguna di 65 kawasan di Klang terjejas. Brilliant job.. the workers need to be appreciated for working day n night in order we the ppl r not gonna have to put up with this issue longer... realheroes
Restoring original road namesZairil said the state needs to streamline some names such as Air Itam, Tanjung Bungah, Gelugor and Batu Ferringhi to prevent continued confusion. Too much time on their hands I guess.
RM300 mil wakaf land belongs to our family, tycoon's heir tells courtTwo-term senator tells the Penang Shariah High Court his late grandfather had given up 15ha in Air Itam for Muslim endowment for only 21 years.
1MDB’s Jho Low, rapper Pras Michel indicted over Obama donation(May 11): US prosecutors brought additional charges against Jho Low, the Malaysian national accused of looting the 1MDB wealth fund, for campaign-finance violations related to President Barack Obama’s 2012 re-election effort.According to an indictment unsealed Friday in Washington, Low transferred US$21.6 million to Pras Michel, a musician and film producer, who spread approximately US$865,000 among 20 people. These straw donors, in turn, gave the cash to a presidential fundraising committee without indicating it had come from a foreign source. Music to Malaysians 🇲🇾🇲🇾🇲🇾✌🏽✌🏽✌🏽🙌🏾🙌🏾🙌🏾💪🏽💪🏽💪🏽
Day 18: Ihsan Perdana received funding from 1MDB, YR1M for CSR activitiesLIVE | NajibTrial 10am - RM42m transferred to Najib's accounts for CSR purposes - witness Follow our live reports at The case is too big for Najib to be out in bail. I just don’t understand the logic. CSR is not his personal activity to channel funds into his account! What purpose again? Bank in into personal account? Wow rakyat money u think ur grandmother money!!!!!
US rapper poised to be charged in case tied to Obama funding, 1MDBPras Michel is expected to be accused of contributing funds to pro-Obama organisations without disclosing their foreign origin – specifically Jho Low.
Report: US court to charge ex-rapper over 1MDB-linked funds for Obama campaign | Malay MailKUALA LUMPUR, May 10 — A former rapper, Pras Michel, is expected to be charged by US Federal prosecutors today over campaign-finance violations to President Barack Obama’s 2012 re-election campaign, which was said to have originated from Jho Low. According to a Bloomberg report, two people...
1MDB issues would have been less severe if tackled years ago, Anwar says in spicy interviewPETALING JAYA: If the 1Malaysia Development Berhad (1MDB) issue was tackled years ago, it would not be as severe as it is now, says Datuk Seri Anwar Ibrahim. everyday kutuk US.. but you like to copy and consume their content and have nothing original to offer. We will forever be 3rd world if you can't even come up with an interview format that's genuine.
1MDB: Goldman Sachs seek dismissal of shareholder suitShareholders want the bank's directors to return their salaries for failing to act on '1MDB red flags', but the directors say the suit merely 'presupposes' wrongdoing.
Doctor explains how he got tangled in the 1MDB webNAJIB TRIAL | His devotion to helping the needy resulted in him being grilled by the MACC.