SINGAPORE: Cambodian national Su Wenqiang - the first person to be sentenced in Singapore’s largest money laundering case - will be deported after he is released from prison.
KUALA LUMPUR: The top management of 1Malaysia Development Berhad were behind the decision to propose an acquisition of Tanjong Energy Holdings Sdn Bhd with a RM10.6bil bid, in consultation with Goldman Sachs, says Jasmine Loo Ai Swan.The former 1MDB general counsel, 50, said that former prime minister Datuk Seri Najib Razak , who was the chairman of the 1MDB board of advisers, did not give any directive pertaining to the proposal, nor the final decision.
Loo also said that she had prepared the shareholder resolution and passed it to fugitive businessman, Low Taek Jho or Jho Low, to obtain Najib's approval. Shahrol Azral also told the court that 1MDB Energy Sdn Bhd, a subsidiary of 1MDB, had acquired TEHSB at a bid price of RM10.6bil and Najib had signed the document in his capacity as a special shareholder, through the Ministry of Finance Incorporated.
Najib Razak 1MDB Tanjong Energy RM10.6Bil Acquisition
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