Najib paid himself RM120,000 per year to sit on 1MDB's board of advisers
"The resolution approved an annual remuneration of RM120,000 to Najib as chairman of the board of advisers, and another RM96,000 as a member of that board."
"The resolution approved an annual remuneration of RM120,000 to Najib as chairman of the board of advisers, and another RM96,000 as a member of that board."
"... SimeProp said the inclusion reinforced its sustainability credentials ..."
The management of the company received notification that the MoF Inc would like to perform an audit or due diligence on 1MDB.
"The last thing Malaysia needs to deal with is another illegal product boosting an already thriving black economy."
The duties will be in effect from today (Sept 24) till Sept 23, 2024.
RM111.1 million will be primarily for the group's business expansion, while the remaining RM55.5 million will go to the selling shareholders via an offer-for-sale.
Shahrol testified that the RM70,000 was used to pay the fee to increase TIA's issued and paid-up capital.
Kinsteel had been classified as an affected issuer under PN17 in October 2016.
Zeti said PNB is regulated by the Securities Commission Malaysia and, as such, adopts a very strict, rigorous and robust governance process.
In his attempt to have Sharol's testimony dismissed, one of the cases which Shafee referred to was how the Federal Court allowed an appeal in the Alcontara Ambrose Anthony v PP (1996) case, partly because the initial judgement relied on hearsay evidence.