corruption probe

Najib to testify in 1MDB trial to fight corruption charges

KUALA LUMPUR (Dec 3): Malaysia’s former leader Najib Razak is set to give his testimony to defend himself against charges of corruption involving a former 1MDB unit.

The ex-prime minister is scheduled to appear in court on Tuesday morning to give a sworn statement and be questioned, after the judge ruled last month that the prosecution had made a successful case against him. Najib is accused of receiving 42 million ringgit ($14 million) of bribes in exchange for approving a state guarantee on a loan.

Petrobras unit head removed amid bribery allegations

(Sept 6): Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil, said its board approved the removal of Ivan de Sá on Wednesday at the request of Petrobras, its majority shareholder.

TBG did not state the reason for his removal, nor offer any further details.

1MDB trial postponed again

KUALA LUMPUR (Aug 20): Former prime minister Datuk Seri Najib Razak’s trial over his alleged abuse of power and money laundering of RM2.28 billion ($755.3 million) in 1Malaysia Development Bhd (1MDB) funds has been postponed to Monday.

Appointed prosecutor Datuk Seri Gopal Sri Ram told High Court Justice Collin Lawrence Sequerah that the trial could not begin yesterday as the prosecution in Najib’s ongoing SRC International Sdn Bhd has not completed making its case yet.

SembMarine lodges suspicious transaction report linked to ex-EJA president Martin Cheah

SINGAPORE (July 8): Sembcorp Marine (SembMarine) has lodged a suspicious transaction report linked to ex-employee Martin Cheah Kok Choon with the Commercial Affairs Department of the Singapore Police Force.

The suspicious transaction is linked to Cheah when he was president of SembMarine’s Brazilian subsidiary, Estaleiro Jurong Aracruz (EJA) until June 2015 when his employment was terminated.

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