KUALA LUMPUR, Jan 23 — The 1MDB Asset Recovery Taskforce is considering initiating legal proceedings against several foreign banks which facilitated the fund transfers related to 1Malaysia Development Bhd (1MDB) without conducting proper know your client (KYC) processes at that material time.

KUALA LUMPUR, Aug 9 — Datuk Seri Najib Abdul Razak has sent his second representation letter to the Attorney-General's Chambers to drop the criminal breach of trust (CBT) charges he is facing with former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah.

KUALA LUMPUR, April 3 — The prosecution in the criminal breach of trust (CBT) case facing Datuk Seri Najib Razak and former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah involving the International Petroleum Investment Company (IPIC) requested that the hearing of the case today be postponed due to new developments.

KUALA LUMPUR, March 9 — Prime Minister Datuk Seri Anwar Ibrahim has given assurance that the government can achieve the target of reducing the country’s fiscal deficit to 5.0 per cent of gross domestic product in 2023 and to 3.2 per cent in 2025.

REUTERS, Oct 22 — Abu Dhabi's International Petroleum Investment Co (IPIC) said on Wednesday that it was dropping a lawsuit against Goldman Sachs Group Inc to recover losses suffered from the US investment bank's dealings with Malaysian state fund 1Malaysia Development Bhd (1MDB).