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May 24, 2018 · KUALA LUMPUR (Reuters) - The government of former Malaysian Prime Minister Najib Razak used money raised from a deal with sovereign wealth fund Khazanah Nasional Berhad to pay for some of the...
May 25, 2018 · PUTRAJAYA: The Ministry of Finance (MoF) has confirmed that the former government led by Barisan Nasional bailed out troubled 1Malaysia Development Bhd (1MDB) through funds raised from Bank Negara Malaysia’s (BNM) purchase of a piece of land for RM2 billion and a RM3 billion preference share issu...
Aug 23, 2022 · KUALA LUMPUR, Aug 23 (Reuters) - Malaysia's top court ordered former prime minister Najib Razak to begin a 12-year prison sentence on Tuesday after rejecting his appeal against a conviction on...
May 23, 2024 · MAHB is currently a listed company with government-linked investment firms Khazanah and EPF among its biggest shareholders. The two institutional investors own a 33.2 per cent stake and a 7.9 per cent stake in the company respectively but have expressed interest in raising their stakes in a proposal that entails a takeover through a consortium that includes two other funds: Global ...
May 24, 2018 · Published May 24, 2018. Updated May 24, 2018. KUALA LUMPUR — Funds from sovereign wealth fund Khazanah Nasional Berhad and Malaysia’s central bank were allegedly used by the government of...
Sep 15, 2015 · The 1MDB scandal erupted at a time when Malaysia’s economy was already reeling from the crashing price of oil, one of the country’s key exports, and struggling to break out of the so-called...
Aug 4, 2022 · Observers have since questioned how a startup that was posting losses in the millions convinced two of the country’s largest state investment funds — Permodalan Nasional Berhad (PNB) and Khazanah Nasional Berhad — to inject money into what seemed like a failing enterprise.
