Malaysiakini NEWS

Goldman chief admits 1MDB dealings 'broke the law'; Shafie still Sabah CM

Kini Roundup  |  Published:  |  Modified:

KINI ROUNDUP | Here are the key headlines you may have missed yesterday, in brief.

Goldman chief admits 1MDB dealings broke the law

Goldman Sachs chief executive David Solomon admitted that its former employees "blatantly broke the law" in their dealings with 1MDB.

Finance Minister Lim Guan Eng responded by saying that Goldman should pay back the US$588 million (RM2.44 billion) it received in fees from 1MDB in 2012 and 2013.

Shafie remains as Sabah CM

The High Court in Kota Kinabalu ruled that Warisan president Mohd Shafie Apdal is the lawful chief minister of Sabah.

The decision was based on the Federal Court ruling in the 2009 Perak constitutional crisis.

Former Sabah chief minister Musa Aman has vowed to appeal the ruling.

Other Kinibites

Former prime minister Najib Abdul Razak is alarmed by Bank Negara's international reserves, saying that there are insufficient funds to service short-term debts.

Three Sabah PKR divisions will go for re-elections.

Looking ahead

Retired judge Hishamuddin Yunus will launch a book this eveniing.

Jeweller Poh Kong will launch a token to honour Prime Minister Dr Mahathir Mohamad.

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