News by Adam Aziz

This will give the defence ample time to read the prosecution’s submission documents — judge

The three charges, read before Sessions Court Judge Azura Alwi, involved three separate sums of RM27 million, RM5 million and RM10 million respectively.

This is the second time Najib was questioned by the anti-graft agency – the first was on May 24 when the former premier was questioned for more than six hours over the same issue.

In a statement today, Equanimity (Cayman) Ltd has called the seizure as “troubling”, considering it was done despite opposition by the US Department of Justice (DoJ), which is the custodian of the yacht, pursuant to an order from the Central District of California.

It is unclear whether Najib will be questioned over new sets of charges involving troubled state fund 1Malaysia Development Bhd (1MDB) or regarding existing charges against him in relation to funds owned by SRC International Sdn Bhd.

Star Media, in a filing with Bursa Malaysia today, said the High Court's decision on July 23 stands and the two banks are therefore required to release payment under the bank guarantee to the company within five working days from July 23.

"This action of clearing the deck will allow restructuring as our (the government's) policies are now different."

Focus on manner of appointment, remuneration of GLC directors. 

Dr Mahathir pointed to the spillover effects when firms purchase big-ticket items such as aircraft for business.

JAKS said its lawyers yesterday withdrew the stay of execution application.