News by theedgemarkets.com

As such, Thomas alleged that the decisions were made solely on Najib's directives without going through any board of directors.

In a filing with Bursa Malaysia, LFE said its wholly-owned subsidiary LFE Engineering Sdn Bhd has accepted the letter of award from Shiangly Athens Park Sdn Bhd.

This is despite attorney-general Tan Sri Tommy Thomas bringing out the KWAP investment paper to the board that initially recommended a RM1 billion cap, followed by minutes of the second meeting by the fund’s investment panel where its chairman Tan Sri Wan Abdul Aziz Wan Abdullah said Najib had told him that “RM2 billion was sufficient”.

In a stock exchange filing today, the bank confirmed it has been served with a writ and statement of claim by Najib on Monday (Dec 9), and that Najib is seeking damages in relation to the conduct of his accounts.

The objective of the entrepreneurial programme, presented by Alliance Bank Malaysia Bhd and Eco World Development Group Bhd (EcoWorld), is to help entrepreneurs grow their businesses further.

The document states that the accounts were closed without Najib's knowledge at the material time.

He questioned the authenticity of some 15 documents that had been tendered in court, which he initially agreed contain his signature, but now questioned their authenticity.

At TSR Capital's extraordinary general meeting (EGM) today, all shareholders approved the 70% stake sale in U-Ni Magna Sdn Bhd for RM18.59 million cash to Ivory Code Sdn Bhd, in which Lim owns 25%.

Replying to questions from his lead counsel Tan Sri Muhammad Shafee Abdullah, the former premier said at that time, there were massive floods happening in the east coast states of Peninsular Malaysia, especially in Kelantan.

MTAG said Chaw entered into a letter of assignment to assign all his rights under the option to MTAG.