News by Ahmad Naqib Idris

Tengku Adnan, also known as Ku Nan, sought to suspend the proceedings of the case until his appeal to review the tax assessment with IRB is settled.

During cross-examination today, deputy public prosecutor (DPP) Datuk V Sithambaram grilled the former premier over the documents that contained his signature and whether he had knowledge of the nature of the said documents, labelled as exhibits D535, P501 and D534.

Justice Mohd Nazlan Mohd Ghazali made the decision after the lunch break today following his inspection of the statements in question.

Justice Mohd Nazlan Mohd Ghazali said the application for the impeachment was "not without merit" after hearing submissions from both sides.

Deputy public prosecutor (DPP) Datuk V Sithambaram made an application for impeachment of the credibility of the witness under Section 145(1) and Section 155(c) of the Evidence Act, after questioning the witness on the contradiction relating to several Minister of Finance Inc (MoF Inc) minutes of meeting documents, which Najib said he had signed.

“The proposed disposal will enable Guocoland group to realise its investment in the property and to focus on its core business of property development.”

Kiak Seng, who is 70, has been redesignated as executive deputy chairman instead, Tambun Indah announced in a stock exchange filing today. Kiak Seng controls 40.25% stake in Tambun Indah, of which 7.31% is held directly.

Tan is believed to own a 4.77% direct stake in George Kent and indirectly controls an additional 37.42% stake.

In a note today, TA Securities analyst Tan Kam Meng said that alternatively, Tiong Nam could revisit the idea of unlocking asset value via the establishment of a warehouse real estate investment trust (REIT).

Advancecon on Tuesday said the works, to be carried out by its wholly-owned subsidiary Advancecon Infra Sdn Bhd, are expected to be completed by April 5, 2021.