News by theedgemarkets.com

Datuk Seri Gopal Sri Ram: After the 1MDB scandal broke in early July 2015, the accused [Najib] with his mirror image Jho Low took steps to cover his tracks. Sham documents were produced to pretend a donation from an Arab Prince. Among these were letters and four cheques each for a sum of US$25 million purportedly written out by a person said to be the Arab donor.”

The construction group’s revenue for the quarter declined 33% to RM450.11 million from RM669.9 million in the previous year.

Seacera Ceramics Sdn Bhd was yesterday served with a notice of default by Ambank Islamic Bhd for RM12.91 million, arising from facilities granted to the company.

Forbes Asia said the Best Over A Billion list spotlights 200 top-performing listed companies across the Asia-Pacific region with revenues of US$1 billion or more.

Former Federal Court judge Datuk Seri Gopal Sri Ram: The prosecution will prove that the accused (Najib) by his words and conduct made it clear to 1MDB’s officers, its board and others that Jho Low was his alter ego.

Lead prosecutor Datuk V Sithambaram: The prosecution has closed its case. Today is the 57th day (of the trial) and we have called a total of 57 witnesses. Upon closing, we have offered 66 witnesses to the defence, should the defence be called."

The Court of Appeal yesterday granted leave to Najib and his lead counsel Tan Sri Muhammad Shafee Abdullah, who is facing separate charges over alleged non-declaration of tax and money laundering, to recuse Sri Ram, the former Federal Court judge who has been appointed as a senior deputy public prosecutor.

Jalil Rasheed would be PNB's second new CEO in three years after almost two decades without a new appointment to the role.

Rosli testified that while Morais did not participate in the investigation of SRC, he is not sure whether the slain civil servant was involved in the graft-buster's 1MDB probe.