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...Money misappropriated from 1MDB was used to partly finance the $2.2bn acquisition of Houston-based Coastal Energy — alongside International Petroleum Investment Company, an Abu Dhabi entity since merged...
...Petroleum Corporation, to build the project....
...Malaysia itself points to one of the potential drawbacks of the SWF approach, however, with $4.5bn allegedly having been embezzled from 1Malaysia Development Berhad, another state development fund, in the...
...An Abu Dhabi sovereign wealth fund has sued Goldman Sachs over the 1Malaysia Development Berhad scandal, accusing the US bank of bribing its officials during a “massive global conspiracy”....
...Malaysia is looking into allegations that China offered to use its influence to try to quash international probes into the multibillion-dollar 1Malaysia Development Berhad graft scandal in exchange for lucrative...
...CPPB, the pipeline arm of China National Petroleum Corp, declined to comment....
...The larger problem may be a second element in the 1MDB scandal involving a $6.5bn claim from Abu Dhabi’s sovereign wealth fund International Petroleum Investment Company (IPIC)....
...The controversy surrounding 1Malaysia Development Berhad is dying down and the opposition remains unable to present a united front to voters....
...SapuraKencana is the world’s biggest supplier of tender rigs — semi-submersible barges that support the main drilling platform in exploration fields....
...Deloitte has resigned as auditor of 1Malaysia Development Berhad, as the scandal surrounding the Malaysian state investment fund reverberates through the global financial system. 1MDB said late on Tuesday...
...The accusation from Abu Dhabi’s International Petroleum Investment Company (Ipic) that the 1Malaysia Development Berhad company had defaulted on a bond interest payment sets the stage for a legal confrontation...
...Prosecutors allege Mr Low, an understated man with extravagant tastes, diverted $3.5bn from 1 Malaysia Development Berhad (1MDB), the state-owned development fund, to spend lavishly on high-end Manhattan...
...The non-payment of interest on a $1.75bn bond by 1Malaysia Development Berhad (1MDB) triggered a series of cross-defaults....
...Malaysia As the country’s corruption scandal over 1Malaysia Development Berhad (1MDB) continues, Malaysians are the most pessimistic population in Asean about the country’s political outlook, highlighted...
...The transfer of about Rm16bn in debt to Abu Dhabi sovereign wealth fund International Petroleum Investment....
...Police vehicles swooped on 1 Malaysia Development Berhad’s offices in Kuala Lumpur on Wednesday, five days after claims surfaced that almost $700m linked to the fund was paid to a bank account in the name...
...The Gulf emirate’s International Petroleum Investment Company (Ipic) is trying to get to the bottom of an apparent $1.4bn mismatch in its dealings with 1Malaysia Development Berhad....
...owned through its Kuok Singapore Ltd (KSL) holding company, said in a preliminary prospectus issued on Monday that it had received commitment for two “cornerstone” investors, Hwang Investment Management Berhad...
...Much is riding on this project for Petronas, which has become the fourth-largest producer after Qatar Petroleum, Shell and ExxonMobil....
...Anwar was recently reported in Malaysian media as threatening to cancel oil contracts awarded by national energy group Petronas – the parent of Petronas Chemicals – to SapuraKencana, a Malaysian company...
...In Malaysia, SapuraKencana Petroleum climbed 6.3 per cent to M$2.88 after Malaysia’s biggest oil and gas services company agreed to buy SeaDrill’s tender-rig operations in a $2.9bn deal....
...The three subsidiaries form an integrated business engaged in the refining, distribution and marketing of petroleum products....
...In June, Aabar bought a 24.9 per cent stake in RHB Capital Berhad, a Malaysia-based investment company....
...MISC Berhad was spun off from Petronas in 1987 and listed on the Kuala Lumpur stock exchange shortly afterwards. Today MISC Berhad is the world’s largest owner of liquefied natural gas tankers....
...Nasional Berhad (Petronas), the Malaysian state-owned group....
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