Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor
AmBank, as the lead arranger and primary subscriber to the bond, had proceeded with the IMTN issuance with TIA following an agreement signed on May 15, 2009.
AmBank, as the lead arranger and primary subscriber to the bond, had proceeded with the IMTN issuance with TIA following an agreement signed on May 15, 2009.
Ambrin testified that the NAD special audit team for 1MDB — which comprised 12 officers — experienced certain limitations when conducting the audits, as some of the original and important documents which were supposed to be used to verify transactions and audit evidence were either submitted late or were not submitted at all by the fund.
Nor Salwani said she came for the Feb 24 meeting as the coordinator of the 1MDB audit report team but was not allowed into the room.
Azam, in his affidavit, said the authorities received the document from Justo in official confidence.
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He was heard agreeing to the amendment in an audio recording of a meeting held on Feb 24, 2016, that was also attended by other top government officials.
As a result, earnings per share fell to 0.12 sen from 1.25 sen last year.
Quarterly revenue decreased by 65.18% to RM239.63 million from RM688.12 million last year, the group said in a filing with Bursa Malaysia.
The 4.7ha plot (505,688.51 sq ft) is being acquired at the price of RM92.50 per square foot, OIB said in a stock exchange filing yesterday.
Paramount attributed its stronger profitability to a RM23.3 million gain from the disposal of its controlling stake in its tertiary education business ... to the University of Wollongong, which was completed on Sept 3.