Paw Ai Chin

Tuesday 22 Apr 2025

27 Sep 2019, 08:00 am

‘1MDB coughed up extra US$125m for PSI after Jho Low said Prince Turki complained to daddy’KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) coughed up an extra US$125 million for PetroSaudi International Ltd (PSI) after its management was told that Prince Turki Abdullah had “complained to daddy” King Abdullah over the troubled state fund’s reduced investment. Datuk Shahrol Azra...

By Paw Ai Chin / The Edge Financial Daily

27 Sep 2019, 08:00 am

1MDB Watch

26 Sep 2019, 08:00 am

1MDB coughed up extra US$125m for PSI after Jho Low said Prince Turki 'complained to daddy' King Abdullah1Malaysia Development Bhd (1MDB) coughed up an extra US$125 million for PetroSaudi International Ltd (PSI) after its management was told that Price Turki Abdullah had "complained to daddy" King Abdullah over the troubled state fund's reduced investment. Datuk Shahrol Azral Ibrahim Halmi, the former CEO of 1MDB and its precursor the Terengganu Investment Authority (TIA), said the investment was meant to be used as an injection of capital and PSI had initially sought US$750 million.

By Paw Ai Chin / theedgemarkets.com

26 Sep 2019, 08:00 am

‘Najib paid himself RM120,000 per year for 1MDB role’Quantum was set by the former PM and rubber-stamped by the board of directors — ex-CEO

By Paw Ai Chin / The Edge Financial Daily

26 Sep 2019, 08:00 am

1MDB Watch

25 Sep 2019, 08:00 am

Najib paid himself RM120,000 per year to sit on 1MDB's board of advisersFormer premier Datuk Seri Najib Razak paid himself RM216,000 per year as allowances for being the chairman and a member of the board of advisers (BOA) of 1Malaysia Development Bhd (1MDB), the High Court was told today. This quantum, according to former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi, was decided by Najib himself following a 1MDB director's circular resolution dated June 6, 2010.

By Paw Ai Chin / theedgemarkets.com

25 Sep 2019, 08:00 am

24 Sep 2019, 08:00 am

High Court dismisses prosecution’s bid to delay Isa’s graft trialKUALA LUMPUR: The criminal breach of trust and graft trial involving former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad in the High Court here will proceed as scheduled, beginning Oct 7. This was after High Court Judge Mohd Nazlan Mohd Ghazali dismis...

By Paw Ai Chin / The Edge Financial Daily

24 Sep 2019, 08:00 am

Riza Aziz fails in bid to transfer case to High CourtKUALA LUMPUR: The trial of Riza Shahriz Abdul Aziz, stepson of former prime minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.17 million (RM1.18 billion) allegedly misappropriated from 1Malaysia Development Bhd (1MDB) will remain in the Sessions Court. ...

By Paw Ai Chin / The Edge Financial Daily

24 Sep 2019, 08:00 am

23 Sep 2019, 08:00 am

High Court dismisses application to delay Isa Samad's graft trialThe criminal breach of trust and graft trial involving former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad at the High Court here will proceed as scheduled beginning Oct 7.

By Paw Ai Chin / theedgemarkets.com

23 Sep 2019, 08:00 am

1MDB Watch

23 Sep 2019, 08:00 am

Riza Aziz fails in bid to transfer 1MDB money laundering case to High CourtThe trial involving Riza Shahriz Abdul Aziz, the stepson of former Prime Minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.17 million (RM1.18 billion) allegedly misappropriated from 1Malaysia Development Bhd (1MDB) will remain at the Sessions Court. Riza's application to transfer his case involving the money laundering charges to the High Court was dismissed by Justice Mohd Nazlan Mohd Ghazali, who ruled that the Sessions Court is more than competent to handle Riza's case.

By Paw Ai Chin / theedgemarkets.com

23 Sep 2019, 08:00 am

Highlight

20 Sep 2019, 08:00 am

Prosecution in Ku Nan's trial aims to prove former FT minister got RM1m to help firm get higher plot ratioThe prosecution aims to show that former Federal Territories (FT) Minister Datuk Seri Tengku Adnan Tengku Mansor had received RM1 million as an inducement to assist a company to secure approval from Kuala Lumpur City Hall (DBKL) to increase the plot ratio for a development at Jalan Semarak here. Deputy public prosecutor Julia Ibrahim, who is leading the prosecution team, said in her opening statement on the first day of Tengku Adnan's graft trial that evidence will prove he had assisted in securing the approval of an application by Nucleus Properties Sdn Bhd (now known as Paragon City Development Sdn Bhd), after several applications and appeals had been rejected by the Urban Development Planning Department of DBKL.

By Paw Ai Chin / theedgemarkets.com

20 Sep 2019, 08:00 am

Ku Nan wants judge to recuse himself from RM1m graft caseKUALA LUMPUR: Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor (pic) has filed an application requesting High Court Justice Mohd Nazlan Mohd Ghazali to recuse himself from hearing the former’s RM1 million graft case which was scheduled to start yesterday. This f...

By Paw Ai Chin / The Edge Financial Daily

20 Sep 2019, 08:00 am

Police to nab third ‘Tan Sri’ for questioning, following fresh arrests and RM347m seizure in MBI case — sources

New US tariffs on solar imports threaten to phase out Chinese solar panel makers in Malaysia

Petronas Chemicals says commercial ops at Pengerang site commenced in November 2024

Norges Bank emerges as substantial shareholder of Pentamaster

1MDB legal adviser Wong & Partners played no role in controversial US$1b remittance, court told

Trump administration proposes shake-up of US State Department

US$50 bil finance deals defy global M&A gloom

Google paid Samsung ‘enormous sums’ for Gemini AI app installs

Tesla board gets an earful from state treasurers over Musk’s focus

Intel, Oracle raise concerns over US tariffs with PM — Zafrul

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