1MDB criticises The Star for its reports


PETALING JAYA: 1Malaysia Development Berhad (1MDB) has criticised The Star for reporting on certain transactions made by the controversial state investment arm.

The report in The Star touched on the assets of 1MDB, quoting investigators who feel that almost RM13bil of the company’s assets might not be easily liquidated. 1MDB also disputed the investigators claims that no valuation was done in the joint venture investment with PetroSaudi Holdings (Cayman).

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

1MDB , Najib Razak , WSJ

   

Next In Nation

O&G technician cheated of over RM900,000 in investment scam
UAE's Space42 AI expertise can enhance Malaysia's potential, capabilities, says Zahid
Apec’s unprecedented step in addressing atrocities in Gaza encouraging, says Anwar
Ex-Johor state secretary Abdul Latiff Yusof passes away
VEP users now notified of summonses at border
Don’t neglect water tanks
Drought-hit padi farmers in Sabah get RM286,500 in aid
Media groups question proposed changes on licensing for portals
Fake passport syndicate busted in Setapak
Royal call for responsible AI development

Others Also Read