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That comprises RM2.4 billion allocated to pay their debt obligations this year and RM2.7 billion for 2020, and the RM8.8 billion paid previously in 2017 (RM6.7 billion) and 2018 (RM2.1 billion), he said in a statement yesterday.

Datuk Shahrol Azral Ibrahim Halmi who was the former CEO to the now-defunct sovereign wealth fund, admitted to the High Court yesterday that he had raised the matter of the US$700 million transfer to Good Star, in a private meeting with Najib back in October 2009.

Only RBS Coutts Bank Ltd — which held Good Star's account number 11116073 — requested information on the ultimate beneficiary of the funds from Deustche Bank KL prior to crediting money into the account.

KPS holds concession agreements with the Malaysian government for seven polytechnic hostels in six states nationwide, entailing design, construction, and facilities management.

"... former 1MDB executive director Casey Tang Keng Chee was "1MDB Officer 1" in the DoJ's report."

This means the government would then lose out on corporate taxes and income taxes as a big part of taxes are paid by tycoons, he said.

The new unit placement to third party investors to be identified later represents up to 20% of Axis REIT's total issued units of 1.24 billion units as at Sept 30, 2019.

This follows the High Court today dismissing the constitutional challenge brought by seven smokers, as it ruled that the Health Ministry's move to impose the ban is not filled with illegality and impropriety.

In a statement issued today, the Finance Ministry said based on calculations according to the Automatic Pricing Mechanism (APM), the retail prices of RON95 petrol and diesel for the same period should have been RM2.29 per litre.

The Malaysian Anti-Corruption Commission, which has filed forfeiture suits against 41 entities in relation to 1MDB-related assets, is seeking RM1.98 million from the Tun Hussein Onn Foundation.