Vic man jailed for plane bomb scare

KUALA LUMPUR, Malaysia (AP) – Anti-corruption investigators questioned the wife of former Malaysian Prime Minister Najib Razak on Tuesday about alleged theft and money-laundering involving the 1MDB state investment fund, as officials announced a probe into other suspicious multibillion-dollar transactions under Najib’s leadership.

Questions about the finances of project developer 1MDB, a state fund set up by Najib over a decade ago, started around 2013 and by 2015 it had become the centre of money laundering investigations in multiple countries.

Last week, Malaysia’s finance minister said funds from deals with the central bank and sovereign wealth fund Khazanah were used by the previous government to meet some liabilities of the troubled state fund.

“The previous government may have engaged Japan, but certainly not with the enthusiasm it had for China,” said Shahriman Lockman, a senior analyst with the Institute of Strategic and International Studies.

The statement said the contracts were negotiated by the prime minister’s department without involving treasury officials who would normally vet such transactions. The projects, which relied largely on Chinese loans backed by the Malaysian government’s repayment guarantee, proceeded despite numerous “red flags” raised in other parts of the government, it said.

A 23-year-old Student became the seventh victim in Malaysia linked to the defective airbags after his 2004 Honda City crashed on May 27. Malaysia’s Transport Minister says owners of more than 71000 affected Honda cars will be compelled to change their Takata airbags or be barred from renewing their road tax in a drastic bid to prevent further deaths. (AP Photo/Sadiq Asyraf) Malaysia’s Transport Minister Anthony Loke, right, visits Pong Yew Loong, the father of the seventh victim in Malaysia linked to the defective airbags in Kuala Lumpur, Malaysia, Saturday, June 2, 2018.

“We still believe that a high-speed rail link between Singapore and Kuala Lumpur would be in our mutual interest, economically, as well as in terms of the friendship and mutual understanding of our two peoples,” he added.

Department of Justice (DOJ), which refers to Najib as “Malaysian Official Number 1” in an anti-kleptocracy investigation of 1MDB. The news comes a week after Malaysian officials met officers of the Federal Bureau of Investigation (FBI) and the U.

Rosmah Mansor, wife of Malaysian Prime Minister Najib Razak, arrives at Anti-Corruption Agency for questioning in Putrajaya, sports betting malaysia, Tuesday, June 5, 2018. Rosmah was called for a statement to the authorities over a corruption related to 1MDB. (AP Photo/Vincent Thian)

Civil society groups have alleged Shaariibuu´s murder was linked to her role as an interpreter and associate of Razak Baginda, a former associate of Najib, in Malaysia´s purchase of two Scorpene-class submarines from French shipbuilding giant DCNS in 2002.

A year on, the project has failed to attract any buyers. 7 billion deal to sell a majority stake to a Malaysian-Chinese consortium fell through in May 2017. Another big property development Bandar Malaysia hangs in the balance after a $1.

Mahathir, who defeated Najib, a former protégé turned political opponent, in the historic May 9 elections, immediately reopened 1MDB investigations and barred the former leader from leaving the country.

Jho Low is accused of being a key figure in the controversy surrounding sovereign wealth fund 1MDB. He is a close associate of toppled prime minister Najib Razak, and allegedly part of a scheme to plunder billions from the investment vehicle.

In addition to the Honda deaths, Ford Motor Co has reported two Takata-linked deaths in the United States since 2015. Honda also has reported three other fatal crashes in vehicles equipped with Takata air bag inflators that ruptured, including the new one in Malaysia. No official cause of death has been given by local authorities in the three crashes.

Last month, the National Highway Traffic Safety Administration (NHTSA) said it would hold meetings with 12 major automakers that failed to fulfill a December 2017 target deadline for completing repairs on the highest-priority vehicles with dangerous Takata air bag inflators.

(Additional reporting by Tom Westbrook in SYDNEY Writing by Rozanna Latiff Editing by Michael Perry, Robert Birsel) Last month, Mongolia’s president asked the new government to find justice for Shaariibuu.

(AP Photo/Sadiq Asyraf) Rosmah Mansor, wife of former Malaysian Prime Minister Najib Razak, arrives at Malaysian Anti-Corruption Commission (MACC) Office in Putrajaya, Malaysia, Tuesday, June 5, 2018. Rosmah Mansor has been summoned for questioning in a money-laundering probe involving the 1MDB state investment fund.

One staff member at the library of a government agency told Reuters they had even received a directive to “hide Najib’s books” by not having them displayed on front desks. They can order that his photos be removed from government offices and that posters carrying his ‘1Malaysia’ slogan be taken down.Yet the 492-metre skyscraper remains an irritant as they try to dismantle Najib’s legacy after the May 9 election upset that drove the ruling Barisan Nasional coalition out of power after it had run Malaysia for six decades since its independence from Britain.

But Abdul Razak Idris, former investigations and intelligence director at the Malaysia Anti-Corruption Commission (MACC), earlier told AFP that Rosmah would likely “be asked to reveal her bank accounts and explain about the source of the cash and jewellery found by police in two condominiums recently.

Of the 358,233 cars that have yet to respond to the recalls 70,162 are Hondas, 144,607 are Toyotas, 105,817 are Nissans, 19,985 are Mitsubishis and the rest are BWMs, Subarus, Mazdas and Lexuses, he said.

Regarding the latest fatality, Loke said Honda sent 28 recall notices to the victim’s family but failed to reach them because they had moved without updating their address. He said the road department will work with insurance companies to track down such owners.

Mahathir is scheduled to meet top officials from Nomura Securities and Sumitomo Mitsui Banking Corporation, among others. (Reporting by Praveen Menon and Anshuman Daga; Additional reporting by Elaine Lies in TOKYO;) He expects interest in the financials sector, namely banks and insurers.

He said they didn’t quit because of disagreement over legal strategies for the 1MDB case but declined to elaborate. He said another prominent lawyer Yusof Zainal Abideen had also withdrawn. In another blow to the former first couple, their lawyer M. Puravelan told The Associated Press that he is no longer representing Rosmah and Najib.

(AP Photo/Shizuo Kambayashi, File) Japanese carmaker Honda said Friday, June 1, 2018, another person has died in Malaysia after a flawed Takata airbag inflator exploded, raising the number of deaths linked to the defect in the Southeast Asian country to seven. at an automaker’s showroom in Tokyo. FILE – In this May 4, 2016 file photo, visitors look at child seats, manufactured and displayed by Takata Corp.

Honda, Ford and Mazda Motor Corp have urgently warned owners of some older U. Ford and Mazda’s warning covers some 2006 Ford Ranger and Mazda B-Series pickups, while Honda’s warning covers some 2001-2003 cars. vehicles to stop driving them until they get repairs made.

The defective air bags have faulty inflators and propellant devices that may deploy improperly in an accident, shooting out metal fragments that can kill or injure. The latest Malaysian death raised the global death toll linked to the defect to 23. , with 15 deaths, and Australia with one are the only other countries to have reported such fatalities.

The deaths of seven people in Malaysia have been linked to the defective air bags that are subject to one of the world’s largest auto recalls. The latest victim was a 23-year old student whose 2004 Honda City crashed in Kuala Lumpur on May 27, the second death this year alone.

Rosmah was questioned Tuesday by the anti-graft agency over alleged theft and money-laundering involving the 1MDB state investment fund, as Najib’s lawyers said they had pulled out. (AP Photo/Sadiq Asyraf) Rosmah Mansor, the wife of former Malaysian Prime Minister Najib Razak, leaves the Malaysian Anti-Corruption Commission (MACC) Office in Putrajaya, Malaysia, Tuesday, June 5, 2018.

prosecutors alleged in court papers that some of the money stolen from 1MDB was placed into the account of an individual identified as “Malaysian Official 1. In a series of asset seizures last year, U.

She last month issued a statement lashing out at media coverage of the police raids, calling them a “premature public trial”. Rosmah, 66, is widely reviled in Malaysia for her reported luxurious tastes and imperious manner.

Malaysia’s cash-strapped government could look to tap Japan’s vast pool of low-cost capital, while potential stake sales in Malaysian state-linked companies could be investment targets of Japanese companies, said bankers involved in cross-border deals.

While Singapore continued to support the project, it would only be tenable if Malaysia was also supportive and willing to fulfil its end of the agreement, added Khaw, who is also the coordinating minister for infrastructure.

Transport Minister Anthony Loke said the Road Transport Department will take over from auto manufacturers in sending recall notices to affected car owners. He said that two reminders will be sent and car owners who still fail to respond will face fines and be barred from renewing their road registrations.

Mahathir, who was prime minister for 22 years until 2003, was spurred out of retirement by the 1MDB scandal. He has vowed there will be no deal for Najib, saying he will face the consequences if found guilty of wrongdoing.

As for Exchange 106, the finance ministry in March confirmed it had bought back a 51 percent stake in the building, after initially selling all of it to Indonesian developer Mulia Group for 665 million ringgit ($168 million).Mahathir’s comments came after local media reported that anti-corruption authorities had issued an arrest warrant for Jho Low, accused of being a key figure in the scandal surrounding sovereign wealth fund 1MDB.

Takata has since been bought over by Chinese-owned U. Various lawsuits are pending in U. court and agreed to pay more than $1 billion in penalties for concealing the defect. Last year, Takata pleaded guilty to fraud in a U. courts against Takata, including several class action lawsuits that allege automakers knew about the dangers of the defective air bags ahead of the recalls. mobility safety company Key Safety System.

It is considering asking the U. government to get investment bank Goldman Sachs to return nearly $600 million in fees it earned from bonds raised for the sovereign wealth fund, two sources familiar with the matter told Reuters on Friday.

5 billion was siphoned out of the fund, 1Malaysia Development Berhad, founded by former Prime Minister Najib Razak. At least six countries, including the United States and Switzerland, are investigating claims that $4.

(Reporting by Rozanna Latiff; Writing by Praveen Menon; Editing by Clarence Fernandez) Najib, ousted in a stunning election defeat last month, gave a statement to MACC on May 22 on a suspicious transfer of $10. 6 million into his bank account.

Malaysian authorities want to ask the DoJ, which is pursuing a corruption and money laundering probe at 1MDB, to get Goldman to disgorge profits it made from the sale of the bonds, after which Malaysia would claim the money, the two sources familiar with the matter said.

There has been no evidence linking Najib directly to corruption in the deal, and he and his supporters have consistently denied any wrongdoing. Najib could not be reached on Monday for a comment on the task force.

Mahathir had already agreed to attend the annual Nikkei conference on Asia before winning the elections, but will now also meet Prime Minister Shinzo Abe and senior officials during his three-day visit.

The prosecution of Najib and his wife Rosmah Mansor over the 1MDB scandal, which helped lead to Najib’s stunning ouster in May 9 national elections, could be sped up with the government’s appointment Tuesday of a new attorney-general.

June 1 (Reuters) – Honda Motor Co on Friday confirmed that a Takata air bag inflator had ruptured in a fatal crash earlier this week in Malaysia in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments.

The project, valued by analysts at about $17 billion and set to have been completed by 2026, would have cut travel time between Kuala Lumpur and Singapore to about 90 minutes from four or five hours by road now.

Billions of dollars were allegedly stolen from the 1MDB fund — founded by Najib — in a sophisticated fraud that stretched from Singapore to Switzerland, with the money used to buy items ranging from Picasso artworks to high-end real estate.

(AP Photo/Sadiq Asyraf) Malaysian Minister of Transport Anthony Loke speaks during a press conference in Putrajaya, Malaysia, Tuesday, June 5, 2018. Malaysia’s Transport Minister says the government will take on an active role in an auto recall to replace flawed Takata air bags after data from eight car manufacturers showed that more than 350,000 car owners have not responded.

KUALA LUMPUR, Malaysia (AP) – Malaysia’s transport minister said Saturday that owners of more than 71,000 affected Honda cars will be penalized if they fail to replace flawed Takata air bags, in a drastic move to curb fatalities.

For example, Sarkunan Subramaniam, managing director at Knight Frank Malaysia, who has visited the site recently, said unlike other modern office buildings, the floors in Exchange 106 are not raised to allow for underfloor wiring for workstations. That could be a problem for any companies that need lots of bandwidth, such as investment banks with big trading floors.

Japanese carmaker Honda said Friday, June 1, 2018, another person has died in Malaysia after a flawed Takata airbag inflator exploded, raising the number of deaths linked to the defect in the Southeast Asian country to seven. 20, 2016, photo, a Honda technician works on an airbag during a free airbag replacement event in Kuala Lumpur, Malaysia. (AP Photo/Lim Huey Teng, File )

KUALA LUMPUR, June 10 (Reuters) – Malaysian Prime Minister Mahathir Mohamad is set to woo investors and offer business deals during a trip to Japan that starts on Sunday, as he looks to cover a gaping debt hole and shift the country away from dependence on Chinese investments.

He said Malaysia would talk to its southern neighbour about any compensation it had to pay. Malaysian Prime Minister Mahathir Mohamad this week said he was cancelling the project to link the capital, Kuala Lumpur, with Singapore.

KUALA LUMPUR/SINGAPORE, May 31 (Reuters) – A Malaysian task force investigating a multi-billion-dollar scandal at state fund 1MDB is working with counterparts in neighbouring Singapore to retrieve funds believed to have been misappropriated, it said on Thursday.Among the others detained was a Bangladeshi restaurant owner suspected of smuggling arms to foreign militants, as well as six Philippine nationals aiming to join Islamic State-linked gunmen who occupied a Philippine town last year.

5 billion allegedly stolen from the state-run investment fund, 1Malaysia Development Berhad. At least six countries, including Malaysia, the United States and Switzerland, are investigating accusations that Najib and associates pocketed part of $4.

Najib and his wife Rosmah Mansor, notorious for her vast collection of designer handbags, have already been questioned by anti-corruption investigators over the disappearance of money from a former unit of 1MDB.

The drama came after Malaysia Airlines lost two planes in 2014. Flight 370, carrying 239 people, is thought to have crashed in the southern Indian Ocean after flying far off course for reasons still not explained. Flight 17 was shot down over eastern Ukraine, killing all 298 aboard, and investigators last month said the missile belonged to a Russia-based military unit.

KUALA LUMPUR/HONG KONG, June 6 (Reuters) – Malaysia is looking to replace the chief executive officer of the national stock exchange, two sources said on Wednesday, the latest in a series of top management changes initiated by the newly elected government.

“It’s too early for me to comment because this task force will be discussed with Cabinet,” Defence Minister Mohamad Sabu was quoted as saying in an online report by Singapore-based broadcaster Channel News Asia.

The US Justice Department alleges he funnelled vast sums of money from 1MDB to the United States, and used it to buy everything from rare art to high-end real estate. Low has previously denied any wrongdoing.

MELBOURNE, Australia (AP) – An Australian judge sentenced a man to 12 years in prison Thursday for threatening to detonate a fake bomb on a Malaysia Airlines flight, terrifying more than 200 passengers and crew.

Since Najib’s shock election loss at last month’s elections, Sirul has reportedly said he is willing to assist any new government investigation into the scandal, a potential major breakthrough in the case.

The new government has said funds raised to finance the project by scandal-plagued state fund 1MDB were not used for that purpose, and that its Indonesian developer needed an “injection of funds” from the government to keep the project on track. But financially it could still hurt Malaysia.

KUALA LUMPUR, June 4 (Reuters) – Malaysia’s cabinet is discussing setting up a special task force to investigate alleged corruption during the purchase of two French submarines in 2002 when the defence ministry was headed by ousted Prime Minister Najib Razak.

If Malaysia terminated the project, Singapore would study the implications and exercise its rights, including any right to compensation for expenses incurred, under their agreement, he said in a statement.

Proceeds were used to pay debts of the official 1MDB investment fund, which is under investigation for possible graft and money-laundering. The central bank is under scrutiny over a 2 billion ringgit ($500 million) land purchase from Najib’s government.

Singapore has taken action against several banks and bank officials for failures of money-laundering controls over transactions related to 1MDB, including the closure of units of BSI Bank and Falcon Bank.

The comments by 92-year-old Mahathir, in his second stint as premier after making a political comeback to oust Najib, were the latest sign that the net is closing on Low since the old regime was ousted from power.

The Japanese automaker has previously confirmed 18 deaths since 2009 linked to the issue that sparked the largest auto industry safety recall in history, involving about 100 million inflators among 19 major automakers.

June 1 (Reuters) – A Takata air bag inflator ruptured in a fatal car crash earlier this week in Malaysia, Honda Motor Co said on Friday, in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments.

vehicles remain unrepaired in the recall. In total, nearly 30 million U. The defect led Takata to file for bankruptcy protection in June 2017. More than 290 injuries worldwide are also linked to Takata inflators that can explode, unleashing metal shrapnel inside cars and trucks.

Low was regarded as close to Najib and his family and is seen as a central figure in the 1MDB affair, having allegedly advised on investments and negotiated deals, though he never held any official role in the fund.

The couple has also been questioned by anti-graft investigators looking into a multi-billion-dollar scandal at a state fund founded by Najib. Mahathir has since barred Najib and his wife, Rosmah Mansor, from leaving the country.

WASHINGTON, June 8 (Reuters) – U. investigators have accelerated their probe into the 1MDB sovereign wealth fund set up by former Malaysian Prime Minister Najib Razak and are exchanging more evidence with Malaysian authorities since Najib lost last month’s election, three sources with direct knowledge of the probe said.KUALA LUMPUR, June 6 (Reuters) – Malaysian Prime Minister Mahathir Mohamad said on Wednesday he had accepted the resignation of central bank governor Muhammad Ibrahim and would meet the king as soon as possible to discuss Ibrahim’s successor.

Lim said he hoped reviews of other projects would be finalised by year-end. It is reviewing all the country’s large projects, and has decided to axe a high-speed rail link between the capital, Kuala Lumpur, and neighbouring Singapore.

(Reporting by Mark Hosenball and Joel Schectman; editing by Clive McKeef) Najib’s successor, Prime Minister Mahathir Mohamad, said Malaysia was also seeking to arrest financier Low Taek Jho, a central figure in the scandal who advised on investments and negotiated deals for 1MDB.

The death sentence of a former policeman convicted of killing a young woman in a scandal linked to the country’s disgraced ex-premier may be commuted to allow his return from Australia, Malaysia’s leader said Friday.

Loke said Honda has sent 28 recall notices to the victim’s family but it didn’t reach them because they moved and didn’t update their address with the Road Transport Department. The last letter was dated May 22, five days before the crash, he said.

All the deaths in Malaysia involved the Honda City, a subcompact made for Asia and Europe. Families of some Malaysian victims have blamed Honda, the leading foreign brand in the country, of not doing enough to warn car owners of potentially deadly risks from the air bags or track down second-hand car owners.

KUALA LUMPUR, June 8 (Reuters) – Malaysia is seeking to arrest financier Low Taek Jho, believed to be residing abroad, over his involvement in a graft scandal at state fund 1Malaysia Development Berhad (1MDB), Prime Minister Mahathir Mohamad said on Friday.

A cabinet meeting on Wednesday could discuss Tajuddin’s position, one advisor to the government, who is aware of the private discussions and requested anonymity, told Reuters. His term is due to end in March next year. The sources gave no reason why the government was considering replacing Tajuddin Atan at Bursa Malaysia.

Justice Department has alleged. 5 billion raised from those bonds was misappropriated and used to buy artwork, luxury properties in New York and London, and to pay off gambling debts in Las Vegas, the U. Instead, more than $2. (Editing by Darren Schuettler and Michael Perry)

Ananthalakshmi; Editing by Raju Gopalakrishnan) A special task force set up after the election to look into 1MDB met officials from the DoJ and the U. FBI to discuss the probe in late May, including the process of returning the funds to Malaysia. (Reporting by Praveen Menon and A.

He cited the high-profile case of a policeman, now in Australian custody, who fled Malaysia after being sentenced to hang for the killing of a Mongolian model linked to a Najib government bribery scandal.

The Malaysian Anti-Corruption Commission (MACC) had issued an arrest warrant for Low, as well as Nik Faisal Ariff Kamil, a director of former 1MDB unit SRC International, a source familiar with the matter had earlier told Reuters.

Najib insisted in a statement late Tuesday there was no wrongdoing in the project, saying he and Chinese Premier Li Keqiang witnessed the signing of memoranda of understanding for the deal in Beijing in 2017.

Low, popularly known as Jho Low, was regarded as close to former premier Najib Razak and his family, and is seen as a central figure in the 1MDB scandal, which is the subject of multi-billion-dollar money laundering investigations underway in Malaysia and around the world.

KUALA LUMPUR, June 1 (Reuters) – Malaysia has detained 15 suspected Islamist militants including a teenager and a housewife accused of plotting separate “lone wolf” attacks on places of worship around the capital, Kuala Lumpur, police said on Friday.

At the time the ministry said its participation was pre-agreed and was necessary because of the building’s strategic location and iconic nature. Lim has since said that the development “needed an injection of funds”.

These billion-dollar deals, and a growing presence of Chinese construction workers and entrepreneurs, have spooked Malaysians. He’s sending the finance minister and anti-graft agents to China this week to investigate discrepancies in a bilateral gas pipeline deal.

KUALA LUMPUR, June 1 (Reuters) – Malaysia’s anti-graft commission has called for a statement from the wife of former Prime Minister Najib Razak in its investigation into a former unit of state fund 1Malaysia Development Berhad (1MDB), two sources at the commission said.

He said “great care” should be taken “when making such serious politically-motivated public allegations involving foreign state-owned companies as it may have a negative effect on foreign relations and international trade”.

The way Malaysian firms operate their business, the legal set-up – all this is something the Japanese are comfortable with,” said the regional head of investment banking at a Japanese bank, who was not authorised to be named. “Malaysia is a market the Japanese find easier to invest in.FBI to discuss the probe in late May, including the process of returning the funds to Malaysia, the government has said. A special task force set up after the election to look into 1MDB met officials from the DoJ and the U.

A Sri Lankan studying hospitality in Australia, he pleaded guilty in a Melbourne court to attempting to take control of an aircraft, a federal offense that carries a potential maximum penalty of 20 years in prison. Manodh Marks, 26, forced the plane to turn back soon after takeoff when he screamed that he had a bomb and ran down the aisle carrying flashing electronic devices.

The country’s new government has vowed to find out how funds went missing from 1 Malaysia Development Berhad, set up nearly a decade ago by former prime minister Najib Razak, a disappearance it says led to the finance ministry having to bail out the fund a year ago.

He said some $700 million that landed in Najib’s bank account was a donation from the Saudi royal family and most was returned. His predecessor, Mohamad Apandi Ali, attempted to clear Najib of wrongdoing in 2016. investigators say the money was from 1MDB.

The new government led by 92-year-old Mahathir Mohamad, Najib’s mentor-turned-foe, is seeking to unearth suspected graft that took place during Najib’s near-10 years in power, casting a cloud over the future of several top officials.

Mahathir said his new government would study a project announced by the previous administration to form a new trading link between the stock markets of Singapore and Malaysia. (Reporting by Joseph Sipalan Editing by Paul Tait)

The Japanese automaker has previously confirmed 18 deaths since 2009 linked to the issue that sparked the largest auto industry recall in history, while Ford Motor Co has reported two Takata inflator deaths.

Prime Minister Mahathir Mohamad accepted the resignation of Malaysia’s central bank governor, Muhammad Ibrahim, amid a corruption investigation into the previous government. Muhammad Ibrahim gave no reason for quitting halfway through his five-year term. (AP Photo/Sadiq Asyraf) A motorcyclist rides past the Bank Negara Malaysia (BNM) the country’s central bank in Kuala Lumpur, Malaysia, Wednesday, June 6, 2018.

Lim said he had instructed officials to file a report about the “highly suspicious transactions” with anti-corruption authorities and noted that the company behind the deal had links to a scandal-mired, former subsidiary of 1MDB.

Malaysian police said they seized cash worth 114 million ringgit ($29 million) and more than 400 luxury handbags from Najib’s home and his son’s apartments as part of the investigation. 9770 ringgit) (Reporting by Fathin Ungku in SINGAPORE and Rozanna Latiff in KUALA LUMPUR; Editing by Clarence Fernandez)

KUALA LUMPUR, June 7 (Reuters) – Malaysia has issued an arrest warrant for financier Low Taek Jho, wanted for questioning in a graft probe involving former prime minister Najib Razak and state fund 1MDB, Bloomberg said on Thursday, citing sources familiar with the matter.

Mahathir, who was prime minister for 22 years until 2003, emerged from retirement to lead his alliance to an election victory. Mahathir has reopened investigations into 1MDB and banned Najib and his wife from leaving the country.

Ananthalakshmi; Writing by John Geddie; Editing by Clarence Fernandez) “We hope to have final decisions on projects by the end of the year, maybe earlier,” he said, adding that the government would look at the cost of each project and whether it was in the best interests of the country. 9770 ringgit) (Reporting by A.

(Reporting by David Shepardson; Editing by Bernadette Baum) Three other crashes, including the new one in Malaysia, do not have an official cause of death from local authorities. The latest incident took place May 27 in a 2004 Honda City in the nation’s capital Kuala Lumpur, Honda said.

Ties between Malaysia and China peaked in the last few years after Beijing stepped in with a $2. 3 billion deal to buy 1MDB assets. This was followed by several infrastructure projects which were won by Chinese state-linked firms.

He said the central bank had no knowledge of or control over how the proceeds were used. On Wednesday, Muhammad said the suggestion the bank overpaid to “intentionally aid and abet the misappropriation of public funds” was “totally untrue,” according to the national Bernama news agency.

Muslim-majority, diverse Malaysia is on alert for violence, and authorities have arrested hundreds of people over the past few years for suspected links to militants, but it has never suffered a major militant attack.

9770 ringgit) (Reporting by Aradhana Aravindan; Additional reporting by A. Ananthalakshmi in KUALA LUMPUR; Editing by Clarence Fernandez) Mahathir estimates Malaysia could cut almost a fifth of its $250-billion national debt and liabilities by scrapping such big projects.

The pipeline deal was one of a series of big-ticket, Beijing-backed projects signed during Najib’s leadership, fuelling suspicions China was helping the scandal-mired leader pay off debts racked up by the stricken fund.”In addition, the suspect also planned to drive into non-Muslim worship places using a car filled with gas cylinders as explosives,” he said. The police chief said a 51-year-old Malaysian woman was held on May 9 during general elections for planning to ram a car into non-Muslims at a voting center.

The deaths of seven people in Malaysia have been linked to the defective air bags that are subject to one of the world’s largest auto recall. The latest victim was a 23-year old student whose 2004 Honda City crashed May 27 in Kuala Lumpur, the second death this year alone.

Families of some Malaysian victims have blamed Honda, the leading foreign brand in the country, of not doing enough to warn car owners of potentially deadly risks from the air bags or track down second-hand car owners. All seven deaths in Malaysia involved the Honda City, a subcompact model made for Asia and Europe.

French financial prosecutors are probing the sale of the Scorpene-class submarines built by state-controlled warship builder DCN International (DCNI), and have placed Abdul Razak Baginda, a former aide to Najib, under formal investigation in connection with the deal.

Sirul has claimed he was ordered by “important people” in 2006 to murder model Altantuya Shaariibuu — the mistress of a Najib associate accused of arranging kickbacks for the purchase of French submarines.

KUALA LUMPUR, June 6 (Reuters) – Malaysia’s central bank governor Muhammad Ibrahim has submitted his resignation, Prime Minister Mahathir Mohamad said on Wednesday, but no decision has been made yet on a successor.

Department of Justice (DoJ) to get Goldman Sachs to return nearly $600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources familiar with the matter said on Friday. KUALA LUMPUR, June 8 (Reuters) – Malaysia is considering asking the U.

Instead, more than $2. Justice Department has alleged. 5 billion raised from those bonds was misappropriated and used to buy artwork, luxury properties in New York and London and to pay off gambling debts in Las Vegas, the U.

It was the first time Singapore has acknowledged it was seeking Low’s arrest. Singapore authorities said on Friday they had issued arrest warrants in 2016 for Low and his associate, Tan Kim Loong, and requested an Interpol notice.

The move announced Friday by the International Court of Justice brought an end to its involvement in the long-running dispute over Pedra Branca, known in Malaysia as Batu Puteh, which the court awarded to Singapore in 2008.

In March 2017, the finance ministry raised 85 percent of the project funding from China EXIM Bank through a wholly-owned subsidiary, Suria Strategic Energy Resources (SSER). The rest was raised by issuing sukuk, or sharia-compliant bonds.

25 billion ringgit ($2 billion) or 88 percent of the total value of two pipeline projects awarded to China Petroleum Pipeline Bureau (CCPB), although they are less than 15 percent complete. Lim said Najib’s government had paid 8.

(Reporting by Rozanna Latiff Editing by Robert Birsel) It was the first such strike in Malaysia. Islamic State took responsibility for a grenade attack on a bar on the outskirts of Kuala Lumpur in 2016, when eight people were wounded.

The state company was set up by the “same people” who established a 1MDB subsidiary that Malaysian investigators allege was used to funnel state funds to Najib’s bank account, according to the statement. It said the state company’s president is also a director of a company tied to Low Taek Jho, a Najib associate who U. investigators allege masterminded the looting of 1MDB.

“We have not decided on his successor because we need to have the approval of the Agong before we can announce,” Mahathir said, referring to the king, adding that the new government would meet him as soon as possible to discuss a successor.

The US Justice Departmant alleges he funnelled vast sums of money from 1MDB to the United States, and used it to buy everything from rare art to high-end real estate. Low has previously denied any wrongdoing.

Tommy Thomas, newly appointed attorney-general of Malaysia, speaks to media outside his office during the first day he report to work in Putrajaya, Malaysia, Wednesday, June 6, 2018. Thomas, 66, is a renowned senior lawyer whose first task will be to handle prosecution of the 1MDB case.

Another Malaysian and six Filipinos, aged between 22 and 49, were held in April in Sabah state on Borneo island for being part of a militant cell collecting firearms to wage “jihad” in Marawi city in the Philippines, he said. Marawi was the scene of a six-month militant siege last year.

Two sources said earlier on Wednesday Malaysia is looking to replace the chief executive officer of the stock exchange. He also said after a Cabinet meeting the replacement of the Malaysian stock exchange chief was not discussed.

The resignation followed comments by Finance Minister Lim Guan Eng last month that funds from a sale of land by the government to the central bank had gone to pay the liabilities of the beleaguered 1MDB.It was the second death this year after a Malaysian driver died in a crash on New Year’s Day, also in a 2004 Honda City car. Honda said in a statement that the driver was killed when the 2004 Honda City car crashed on May 27 in Kuala Lumpur.

Najib has retained former U. Attorney General John Ashcroft and the firm of New York trial lawyer David Boies to represent him in connection with the U. investigations, a source familiar with Najib’s legal team said.

5 billion from the fund from 2009 to 2014, some of which landed in Najib’s bank account. investigators say Najib’s associates stole and laundered $4. Najib set up the 1MDB fund when he took power in 2009.

KUALA LUMPUR, June 6 (Reuters) – As Malaysia seeks to move beyond the excesses associated with nearly a decade of rule under ex-prime minister Najib Razak, one of his pet projects continues to rise irreversibly skyward to become the tallest building in Southeast Asia.

KUALA LUMPUR, Malaysia (AP) – Malaysian police said Friday they have detained another 15 suspected militants, including several foreigners, for smuggling firearms and plotting attacks on places of worship.

“It is the uncertainty when the market awaits confirmation of new leadership, rather than the change itself, that affects sentiment,” she said. (Writing by Praveen Menon Editing by Clarence Fernandez, Robert Birsel)

He did not say which country Low was in. Mahathir told reporters the government was trying to arrest Low, popularly known as Jho Low, but he was not in the country. “We don’t have extradition rights in the country where he is staying,” he said.

The wife of Malaysia’s ousted prime minister Najib Razak was on Tuesday questioned for more than three hours by the nation’s anti-corruption agency over a massive financial scandal involving a state sovereign wealth fund.

investigators say Najib’s associates stole and laundered $4. Najib set up the 1MDB fund when he took power in 2009 but it accumulated billions in debts. 5 billion from the fund from 2009 to 2014, some of which landed in Najib’s bank account. 3 million was used to buy a rare diamond necklace for Rosmah.

the government has to take such (a) drastic measure because human lives are more important than a little inconvenience,” Loke said after visiting the victim’s family at their home. “The 71,315 cars are like a time bomb that can kill anytime .

They included a 17-year-old secondary school student suspected of being a member of Islamic State, who had allegedly planned “lone wolf” attacks on churches, entertainment centers and Hindu temples around Kuala Lumpur.

Malaysia’s foreign ministry said in a statement that Mahathir’s visit would enable Malaysia to highlight its current policies towards Japan and other countries in the region, especially related to foreign investments and trade.

He has also banned the couple from leaving the country. New Prime Minister Mahathir Mohamad reopened investigations into 1MDB that were suppressed under Najib’s rule. The country’s new anti-graft chief has said Najib, who denies any wrongdoing, could soon face criminal charges.

“We know roughly where he is and efforts are being made to reach out to authorities in the countries where we believe he may be,” the source said, declining to be identified due to the sensitivity of the matter.

KUALA LUMPUR, June 7 (Reuters) – Malaysia has issued an arrest warrant for financier Low Taek Jho, wanted for questioning in a graft probe involving former prime minister Najib Razak and state fund 1MDB, a source familiar with the matter said.

Since his surprise defeat in an election last month, Najib has been barred from leaving the country, and anti-corruption agents have re-launched a probe into how billions of dollars went missing from a state fund that he founded.

Her murder was the most shocking aspect in a scandal involving allegations that an associate of recently ousted premier Najib Razak arranged huge kickbacks for the purchase of French submarines in 2002.

Rosmah Mansor will have to go to the headquarters of the Malaysian Anti-Corruption Commission (MACC) on Tuesday to have her statement recorded in connection with investigations into SRC International, one source said.

KUALA LUMPUR, Malaysia (AP) – Malaysia’s transport minister said Tuesday that the government will take an active role in recalls to replace flawed Takata air bags after data from eight car manufacturers showed that more than 350,000 car owners have not responded.

Justice Department investigation and agreed to a $1 billion settlement. (Reporting by David Shepardson; Editing by Bernadette Baum and Tom Brown) Takata pleaded guilty in 2017 single felony count of wire fraud to resolve a U.

Following her departure from the agency headquarters, her lawyers said anti-graft investigators had completed recording her statement after a session lasting over three hours during which she gave her “utmost cooperation”.

Malaysians dumped a coalition that had led the country for the entire six decades since independence in a shock election result last month, having become scandalised by the corruption allegations levelled at previous prime minister Najib Razak.Malaysian authorities want to ask the DoJ, which is pursuing a corruption and money laundering probe at 1MDB, a state fund, to get Goldman to disgorge profits it made from the sale, after which Malaysia would claim the money, both sources said.

“The governor´s resignation would also be credit negative if it dampens foreign investor sentiment and leads to capital outflows for a protracted period of time,” Moody’s sovereign risk analyst Anushka Shah said in an email statement.

Honda said the car in the latest incident was included in a 2015 recall to replace flawed air bags on the driver and passenger side but several letters sent to the original owner did not reach the new owner after the car was sold because the automaker’s database had not been updated.

“We are not here to penalize anybody. We just want to make sure everyone changes their airbags for their own safety because the cars have been recalled,” he told a news conference after meeting with the car manufacturers.

Justice Department has alleged. Instead, more than $2. 5 billion raised from those bonds was misappropriated and used to buy artwork, luxury properties in New York and London and to pay off gambling debts in Las Vegas, the U.

Modi’s visit was greeted by a small protest at Putrajaya by ethnic Indians and Muslim groups who chanted “Go back Modi” and carried placards blaming his government for tolerating alleged human rights abuses in India.

She was summoned nearly two weeks after Najib was questioned twice by the agency. Rosmah, accompanied by her daughter and son-in-law, didn’t speak to reporters as she was escorted into the Malaysian Anti-Corruption Commission office, where she was questioned for three hours.

KUALA LUMPUR, June 6 (Reuters) – Malaysian Prime Minister Mahathir Mohamad has accepted the resignation of the central bank governor, the latest in a string of departures as the 92-year-old leader purges top officials seen as close to the scandal-plagued previous government.

Ananthalakshmi Editing by Clarence Fernandez and Darren Schuettler) (Reporting by Rozanna Latiff Writing by A. The bank said in November it had received requests from “various government bodies” and was cooperating, Bloomberg said.

The appointee, distinguished lawyer Tommy Thomas, is the first person from outside Malaysia’s Malay majority to hold the powerful position in more than half a century. His Najib-appointed predecessor had stifled investigations.

Malaysia’s central bank governor has resigned, the prime minister said Wednesday, after claims the bank helped the previous regime cover debts linked to a financial scandal by purchasing government land.

Fuzi’s statement said a 33-year-old Malaysian was detained after he was deported by Turkey for trying to slip into Syria to join the Islamic State. Two other Malaysians had planned to kidnap and kill police officers and also attack places of worship, it said.

Leading Malaysian politician Anwar Ibrahim claimed Friday that Australia was complicit in alleged corruption by the former government as he called on Canberra to send home a policeman implicated in a murder scandal.

“The suspect had surveyed and filmed the target locations, as well as recorded a video warning of the impending attacks,” he said, adding that the video was uploaded to four Islamic State-linked mobile chatrooms shortly before the suspect was arrested.

The Malaysian fatality raised the global death toll linked to the defect to 23. Massive recalls affecting millions of vehicles have been issued around the world because of faulty air bag inflator and propellant devices that may deploy improperly in an accident, shooting out metal fragments that can injure or kill. It has also caused more than 180 injuries worldwide.

“It’s time Australia accepts the fact that some of their foreign policy clearly has been tainted, has been perceived by many Malaysians as complicit, or tolerant, of the crimes of corruption and also criminal actions,” the 70-year-old told ABC radio Friday.

The new attorney general, Tommy Thomas, vowed in a statement Wednesday there will be “no cover up” in the 1MDB case. He said his office will work with counterparts in the United States, Switzerland, Luxembourg and Singapore in investigations into 1MBD and speed up prosecution in the case.

The Malaysian Anti-Corruption Commission (MACC) issued a warrant for Jho Low, along with Nik Faisal Ariff Kamil, a director of SRC International, a former unit of 1Malaysia Development Berhad (1MDB), the source said.

The visit marks his first foreign trip after returning to power in a shock election result last month, and indicates a shift back to the 92-year-old’s ‘Look East’ policy to strengthen ties with east Asia, especially Japan.

Since taking office two weeks ago, Lim Guan Eng has been driving a campaign to expose financial scandals in the administration of former Prime Minister Najib Razak, unseated in a stunning election defeat last month.Just months from completion, Exchange 106 – or Najib’s tower as some locals call it – is one of only a few mega-projects cleared by a new government that has pledged to review deals struck by the previous administration, cut back debt, and root out high-level graft.

He was believed to have been sailing around Asia on a luxury yacht allegedly bought with stolen 1MDB cash before it was seized off the Indonesian holiday island of Bali in February. The financier’s current whereabouts are unclear.

Malaysia’s ousted leader has denied wrongdoing over a $2. 4 billion China-backed pipeline deal after the new government said the project was “highly suspicious” and linked it to a massive financial scandal.

In November 2016, CCPB won the contracts to build a 600-km (373-mile) petroleum pipeline along the west coast of peninsular Malaysia, and the 662-km (411-mile) Trans-Sabah Gas Pipeline in eastern Sabah state.

The financier’s current whereabouts are unclear. He was believed to have been sailing around Asia on a luxury yacht allegedly bought with stolen 1MDB cash before it was seized off the Indonesian holiday island of Bali in February.

Rosmah Mansor, wife of Malaysian Prime Minister Najib Razak, arrives at Anti-Corruption Agency for questioning in Putrajaya, Malaysia, Tuesday, June 5, 2018. Rosmah was called for a statement to the authorities over a corruption related to 1MDB. (AP Photo/Vincent Thian)

“With the comeback of Tun Dr Mahathir, I’m sure our industries will be very delighted to think positively of their engagement with Malaysia and its industries,” Makio Miyagawa, Japanese Ambassador to Malaysia told state news agency Bernama.

Leissner, who took over the role in mid-2014, resigned in 2016 after he had allegedly violated the firm’s internal rules, a source has told Reuters. (Additional reporting by Rozanna Latiff and Joseph Sipalan in Kuala Lumpur and Anshuman Daga in Singapore; Editing by Raju Gopalakrishnan and Adrian Croft)

The spotlight is now on Rosmah Mansor after police last month raided two condominiums linked to Najib and his family as part of an investigation into his role in the 1MDB scandal — seizing bags of cash, jewellery and hundreds of designer handbags.

In civil lawsuits filed by the DOJ to seize assets bought with misappropriated 1MDB money, U. authorities say investors were not properly informed about the use and nature of the bonds that Goldman helped sell for 1MDB.

SINGAPORE, June 1 (Reuters) – Singapore has requested clarification regarding Malaysia’s position on a high-speed rail link between the two countries, a minister in the wealthy city-state said on Friday, following media reports its neighbour had decided to cancel the plan.

Malaysia has dropped its request for a review of a United Nations court’s ruling on the ownership of the small island at the eastern entrance of the Singapore Straits. (AP Photo/Ong Chin Kai, File) 5, 2003, file photo, a Singapore Navy vessel passes an outlying island known as Batu Puteh by Malaysia and Pedra Bianca by Singapore just off the easternmost point of Singapore.

The victory led to a change of power for the first time since Malaysia’s independence from Britain in 1957. Modi was the third foreign leader, after the Singapore premier and Brunei’s sultan, to meet Mahathir since his alliance’s stunning victory in May 9 national polls.

Marks, who was actually holding a speaker device that night, was jailed for 12 years in the County Court on Thursday with a non-parole period of nine years after pleading guilty to attempting to take control of an aircraft.

Shaaribuu Altantuya, 28, was killed and blown up with military grade explosives in a forest on the outskirts of Malaysia’s capital. (Reporting by Joseph Sipalan; writing by Praveen Menon; Editing by Michael Perry)

Marks was eventually overpowered by passengers and restrained with cable ties as the flight, bound for Kuala Lumpur, returned to Melbourne Airport. The pilot made a mayday call to Melbourne air traffic control and turned the plane around.

According to an investigation by the Wall Street Journal, 42 million ringgit ($10. 6 million) originating from SRC was transferred to Najib’s personal bank accounts, just one small part of the graft scandal.

Malaysia’s Transport Minister Anthony Loke, center, shows the figure reports of Honda cars which have not change the defective airbags in Kuala Lumpur, Malaysia, Saturday, June 2, 2018. A 23-year-old student became the seventh victim in Malaysia linked to the defective airbags after his 2004 Honda City crashed on May 27. Malaysia’s Transport Minister says owners of more than 71000 affected Honda cars will be compelled to change their Takata airbags or be barred from renewing their road tax in a drastic bid to prevent further deaths. (AP Photo/Sadiq Asyraf)

In a 2008 ruling, the ICJ awarded the Middle Rocks formation to Malaysia while nearby Pedra Branca was given to Singapore. Malaysia last year sought to have the Pedra Branca part of the ruling overturned.


27 June 2018

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