Former 1Malaysia Development Bhd (1MDB) chief executive officer Arul Kanda Kandasamy admitted in court on Friday that even though he had knowledge of 1MDB’s fraudulent asset claims and debts via articles from The Edge and various other media soon after he joined the company in 2015, he did not carry out any investigation on the matter.

Arul Kanda says he learned about 1MDB fraud from The Edge articles but did nothing about it, claims was ‘not tasked to investigate’

Despite growing unease regarding Low Taek Jho (Jho Low), former prime minister Datuk Seri Najib Razak didn't distance himself from him but chose to leave it to the investigation agencies to continue with their investigations on the now-fugitive.

Najib says didn't distance himself from Jho Low because already ordered probes into 1MDB

Arul Kanda Kandasamy told the court on Thursday that he never inquired about why 1Malaysia Development Bhd (1MDB) had terminated two auditors — Ernst & Young (EY) and KPMG — prior to his appointment as the company's chief executive officer.

Arul Kanda says he never questioned why 1MDB terminated EY and KPMG as auditors

Former prime minister Datuk Seri Najib Razak said that he was using Low Taek Jho (Jho Low) for his international connections, and denied that the now-fugitive was carrying out his bidding to misappropriate funds from troubled 1Malaysia Development Bhd (1MDB).

Najib says he was using Jho Low's international connections, not to misappropriate 1MDB funds

Former prime minister Datuk Seri Najib Razak said that he wished former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh had seen him in person before his resignation from the strategic development firm.

1MDB-Tanore: Najib regrets Bakke didn't meet him personally before resignation

Former 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy agreed that he may have misrepresented the company’s board in his first meeting with them on Jan 12, 2015, seven days after his appointment, regarding the facility agreement 1MDB had obtained from Deutsche Bank, with regards to its subsidiary Brazen Sky Ltd.

He also agreed that he may have also misled the board and the public when he issued his first press statement to the media, a day later (on Jan 13, 2015).

Arul Kanda says he may have misrepresented 1MDB in his first board meeting, but says he had to rely on others, as he was new

Datuk Seri Najib Razak said that he "used" fugitive businessman Low Taek Jho (Jho Low) despite his negative reputation for the country's benefit, the court heard on Wednesday.

1MDB-Tanore: I used Jho Low for country's benefit, Najib says

The notion of having economic powerhouse China settle the debts accumulated by troubled state strategic development firm 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd is "absurd", the High Court heard on Wednesday.

China to settle 1MDB debt in 2016? 'Absurd,' says Najib

When shown US Department of Justice (DOJ) action documents for 2017 and 2021, former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy agreed that 1MDB funds following two bond energy deals in 2012, and two Deutsche Bank loans in 2014, had made their way to “MO1”, his wife Datin Seri Rosmah Mansor, fugitive businessman Low Taek Jho (Jho Low), Jho Low’s associate Eric Tan Kim Loong, film producer Riza Aziz, rapper Kasseem Dean, and then-managing director of International Petroleum Investment Company (IPIC) Khadem al-Qubaisi.

Arul Kanda agrees funds from two bond deals went to 'MO1', Rosmah, Jho Low, Riza, and Khadem al-Qubaisi, as claimed by DOJ, but denies knowledge of it

PUTRAJAYA (Jan 14): Former prime minister Datuk Seri Najib Razak told the court on Tuesday that none of the purported 1Malaysia Development Bhd (1MDB) funds spent on corporate social responsibility (CSR) projects benefitted him, or boosted his personal image.

1MDB-Tanore: CSR projects not to boost personal image, nor for personal benefit, says Najib

The Attorney General’s Chambers (AGC) has advised all parties on Monday to respect the court proceedings concerning Datuk Seri Najib Tun Razak's application for judicial review at the High Court.

In a statement, the AGC informed that during Monday’s case management, the High Court issued directions concerning the filing of affidavits for the substantive judicial review application.

AGC advises all parties to respect court proceedings in Najib's judicial review

Gifts and tokens of appreciation to those in power are above board, so long as it doesn't sway the decision-making process, the court heard on Monday.

Former prime minister Datuk Seri Najib Razak said this while testifying in his defence in the ongoing 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial regarding the US$681 million (RM2.081 billion) purported donation from Saudi Arabia into his personal accounts.

1MDB-Tanore: Receiving gift OK, as long as it doesn't impact integrity, says Najib

Former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy told the High Court on Monday that there was no merit to the allegations made by his former company, that he had failed to inquire, investigate or ascertain, and recover the investments the company had lost.

Testifying in his defence to 1MDB’s US$6.59 billion suit against him and former Treasury secretary-general and former 1MDB board of advisors chairman Tan Sri Mohd Irwan Serigar Abdullah, before judge Datuk Raja Ahmad Mohzanuddin Raja Mohzan, Arul Kanda also disagreed that he had acted against 1MDB’s interests.

Arul Kanda: 1MDB loss inquiry was not my job

KUALA LUMPUR (Jan 13): Former prime minister Datuk Seri Najib Razak said that he returned the purported Arab donation, because the 13th general elections were over and he didn’t need a large sum of money.

1MDB-Tanore: Najib says GE13 over, no need for such large sum, returned monies

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

Gaza ceasefire to start on Sunday morning following Israeli approval

South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

Impeached S Korean president Yoon defends himself in court against longer detention

The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

MOT, JPJ to discuss integrating app for buying and selling used motorcycles with mySIKAP

The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

MACC arrests four more suspects over loan bribery scandal

Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

In a statement on Saturday, the IRB noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.

Over 4,900 early voluntary participants in Phase 3 of e-invoicing, says IRB

JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

JF Tech boss sees water infrastructure potential in Cosmos as he becomes second-largest shareholder

Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

Lufthansa finalises deal for 41% stake in Italy’s ITA Airways

Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.

HLB forecasts M'sian economic growth at moderate pace of 4.5% to 5% in 2025

A four-day road ban on goods vehicles will be enforced in conjunction with the Chinese New Year celebration to alleviate traffic congestion and minimise the risk of accidents.

MOT to enforce road ban on goods vehicles during Chinese New Year

Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

MCMC discussing LinkedIn licensing with platform owner Microsoft, says Fahmi

Long queues were spotted at Sports Toto Bhd's (KL:SPTOTO) outlets across Malaysia on Saturday, as eager punters lined up for a chance to strike it rich with the record-breaking RM100 million Supreme 6/58 jackpot.

Nationwide frenzy: Long queues at Sports Toto outlets as punters hope to win RM100m jackpot

In a last-minute move by the Biden-Harris administration, a new Interim Final Rule on Artificial Intelligence Diffusion was announced on Monday (Jan 13), imposing stricter export controls on US-developed AI chips.

Is Malaysia’s chip sector prepared for the storm?

Malaysia’s Energy Commission (EC) will conduct an open tender for the large-scale solar (LSS) Petra 5+ programme, offering opportunities to develop solar plants with capacities ranging from 10MW to 500MW, scheduled for operation in 2027.

Malaysia calls for second LSS5 bid, targets 2GW

US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

US trade war threatens demand for Malaysian chips, says Zafrul

Intel Corp&nbsp;shares jumped as much as 9.5% on Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target.

Intel shares jump on report it’s an acquisition target

JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

TikTok said it will be forced to “go dark” in the US on Sunday unless there is a clear statement from the Biden administration to service providers that are maintaining its availability.

TikTok says to ‘go dark’ in US on Sunday without White House clarity

Outgoing Treasury Secretary Janet Yellen said her department will start taking special accounting manoeuvres as of Jan&nbsp;21 to avoid breaching the US debt limit, and urged lawmakers again to take steps to increase or suspend the statutory ceiling.

US to take extraordinary steps to avert default, Yellen says

Donald&nbsp;Trump's&nbsp;incoming US&nbsp;presidential administration plans to intensify immigration enforcement nationwide soon after he takes office on Monday, a person with knowledge of the plans said.

Trump plans to intensify immigration enforcement soon after inauguration, Reuters reports

Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am&nbsp;local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.&nbsp;

A four-day&nbsp;road ban on goods vehicles will be enforced in conjunction with&nbsp;the Chinese New Year celebration to alleviate traffic congestion and minimise&nbsp;the risk of accidents.

Chief Minister Chow Kon Yeow has denied recent claims in local media reports that the state government plans to increase hotel accommodation fees by up to 50% this year.

Penang has no plans to raise hotel fees, says CM

Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

Bitcoin appears to be back on track towards record highs with the second presidential inauguration of pro-crypto Donald Trump just days away.&nbsp;

The largest cryptocurrency by market value has climbed as much as 13% since Sunday, putting it on pace for the biggest weekly gain since election week in November. Bitcoin, which reached a record US$108,315 (RM487,851) in December, had declined in three of the prior four weeks. It was up about 4.9% to US$105,076 as of 3.44pm&nbsp;in New York.

Bitcoin jumps to high for year ahead of Trump inauguration

The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

Bank of America Corp&nbsp;is divvying up a roughly US$1 billion (RM4.5&nbsp;billion) pool of restricted stock among the majority of its staff, lifting compensation to retain employees as the lender seeks to boost earnings while keeping a lid on expenses.

Bank of America staff to share about US$1b of stock awards

The US Federal Reserve (Fed) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

Fed withdraws from global climate coalition

The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

Starbucks Corp&nbsp;said it will eliminate some corporate positions, the latest chapter of chief executive officer Brian Niccol’s plan to rebuild the company.

The announcement will come in early March and “will not affect our in-store teams or the investments we are making in store hours,” Niccol wrote in a memo to workers that was included in a regulatory filing. The company declined to say how many positions will be eliminated and in what areas.

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