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Maybank sued for ‘thwarting’ luxury Tribeca condo tower

Sharif El-Gamal said in a notice and summons filed in New York state court Tuesday that Malayan Bank Bhd, also known as Maybank, and other syndicate members “ignored and breached their obligations under the building facility and related loan documents.” Their actions have caused “irreparable damage to the plaintiff’s relationship with its contractor, leading to a cessation of all work,” he said.

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High Court dismisses RM100,000 1MDB forfeiture suit against Yayasan PBAKM

Justice Datuk Muhammad Jamil Hussin said the prosecution had failed to show that the money, which had been frozen, was either wholly or partly from former prime minister Datuk Seri Najib Abdul Razak, as the evidence showed many transactions going in and out of Yayasan PBAKM's account since the RM100,000 cheque was written on Oct 19, 2013.

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