Malaysia’s government debt equal to nearly 64% of GDP: finance minister World

Malaysia’s government debt equal to nearly 64% of GDP: finance minister

Malaysia’s Finance Minister Zafrul Aziz has recently revealed that the country’s government debt amounted to 1.045 trillion RM (234.4 billion USD) or 63.8% of its gross domestic product (GDP), but does not include the contingent liabilities of entities such as 1Malaysia Development Bhd (1MDB), its subsidiaries, SRC International Sdn Bhd and Suria Strategic Energy Resources Sdn Bhd (SSER).
Deloitte to pay Malaysia 80 mln USD in 1MDB-related settlement World

Deloitte to pay Malaysia 80 mln USD in 1MDB-related settlement

Audit firm Deloitte PLT agrees to pay the Malaysian government 80 million USD to resolve all claims related to its auditing of accounts of state fund 1MDB and its unit SRC International from 2011 to 2014, said Malaysia’s Ministry of Finance on March 3.
Malaysia postpones former PM’s 1MDB trial World

Malaysia postpones former PM’s 1MDB trial

The High Court of Malaysia has agreed to postpone Najib Razak’s 1Malaysia Development Berhad fund (1MDB) trial as the former Prime Minister is currently under 14-day home quarantine following his return from Sabah, the state with the highest COVID-19 tally in the country, on September 27.
Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill World

Malaysian ex-PM ordered to pay nearly 400-mln-USD tax bill

A Malaysian court on July 22 ordered former Prime Minister Najib Razak, related to the 1Malaysia Development Berhad (1MDB) fund, to settle 1.69 billion ringgit (397.41 million USD) in unpaid taxes over seven years while he was still in office, the National News Agency Bernama of Malaysia reported.
Goldman Sachs pleads not guilty in Malaysia over 1MDB bond sales World

Goldman Sachs pleads not guilty in Malaysia over 1MDB bond sales

Three units of Goldman Sachs pleaded not guilty to charges of misleading investors regarding 6.5 billion USD in bond sales that the US investment bank helped raise for state fund 1Malaysia Development Berhad (1MDB), Bernama state news agency reported on February 24.