Child sexual abuse, organised crime links: Police to hand three investigation papers on Global Ikhwan to AGC; apply for remand extension on 155 suspects
Najib appears in court in wheelchair, on opioids for knee pain amid final arguments in RM2.3b 1MDB fund misappropriation case Former Petaling Jaya Utara Member of Parliament Pua Kiam Wee, better known as Tony Pua, told the High Court today that the former chief executive officer of 1Malaysia Development Berhad Arul Kanda Kandasamy was absolutely uncertain as to what the value of the 1MDB’s ‘investments’ were or whether they even exist in the first place.
“After the 14th General Election, the new minister had a meeting on May 22, 2018, with representatives of 1MDB to determine the financial status of 1MDB. I also attended this meeting. In May 2021, 1MDB filed a lawsuit against Mohd Irwan and Arul Kanda over an alleged breach of trust and conspiracy that resulted in US$1.83 billion in losses related to the company’s investment in 1MDB-Petrosaudi Ltd, which was later converted into the Brazen Sky Limited investment, said to be recoverable from the Bridge Global Fund.
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