Former Malaysian Prime Minister Najib Razak will go on trial on February 12 next year on charges linked to a multi-billion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB), a court ruled.
Malaysia’s embattled former prime minister Najib Razak will be charged on Wednesday under a money-laundering act, the anti-graft agency said, in connection with a multi-billion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB).
Switzerland is investigating six people on suspicion of bribing foreign officials and other offences, as part of a money laundering investigation into Malaysian state fund 1MDB, the Swiss attorney general’s office said.
A Saudi-led coalition has made no major gains in its offensive to wrest control of Yemen’s Hodeidah port from the Iran-aligned Houthis, leaving it without the decisive increase in leverage it had sought against the group in U.N.-sponsored peace efforts.
Douglas said the state-owned airline was becoming “more rational” and would not shy away from dropping routes that were commercially unsustainable.
The Norwegian Supreme Court has ruled in favour of the government in a lawsuit brought by owners of the Gassled gas network over pipeline tariffs, it said.
ONGC Videsh Ltd today said it has received the first ever equity oil cargo from Abu Dhabi's Lower Zakum oilfield, where it had recently bought stake.
Uber Technologies [UBER.UL] is in talks to resume services in Abu Dhabi after a nearly two-year suspension, a transport official said.
The FinMin is planning to set up a fund under the National Investment and Infrastructure Fund (NIIF) dedicated for strategic investments.
Malaysia’s previous government deceived the public and parliament over the country’s financial situation and state fund 1Malaysia Development Berhad (1MDB).
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held