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Yong's son, Pung How, would later join the firm in 1952 after graduating with a double-first degree in law from his father's alma mater, initially practicing mostly criminal law. [1] Under the Pung How leadership as a senior partner, the firm grew to be one of the largest firms in Malaya.
In September 2020, the U.S. Department of Justice initiated civil forfeiture proceedings against funds held by law firm Clyde & Co in London, United Kingdom. The US$330 million were misappropriated 1MDB money, apparently intended for an oil project in Venezuela that later failed. [241] [242]
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc <GS.N> following an investigation into a multi-billion-dollar ...
Malaysia filed criminal charges against Goldman Sachs and two former executives for 'grave violations of our securities law.'
The riot stemmed from a misunderstanding between the temple and the developer, One City Development Sdn. Bhd., regarding the transfer of the temple. As a result, the riot incident caused damage to public property and the death of a firefighter, Muhammad Adib bin Mohd Kassim.
In order to fund the TRX project infrastructure development, 1MDB subsidiary, 1MDB Real Estate Sdn Bhd (1MDB RE, but now known as TRX City Sdn Bhd) relies entirely on the sale of land plots. Besides that, 1MDB also created a special purpose vehicle (SPV) raised about Rm229.50 million in August 2015 for fund raising.
The firm and its partners have been profiled in the Asia-Pacific Legal 500, Chambers Asia, Asia Law Profile, Who’s Who Legal, Managing Intellectual Property Magazine, and Asian Legal Business. The firm also operates Donaldson & Burkinshaw (I.P.) Sdn. Bhd. in Kuala Lumpur, Malaysia, which handles Malaysian intellectual property matters.