News by Ahmad Naqib Idris

Amirah, the 34th prosecution witness, insisted that she had willingly said in her statement that the two RM2 billion loans to SRC was amongst the largest she had seen during her tenure in KWAP. "I wanted to put this," she said, before Harvinderjit ended his cross-examination.

Ahmad Farhan that there is a provision in AMLA that does not permit warnings about suspicious transactions, so Najib would not have been alerted.

The forfeiture action is against assets said to be from funds illegally gained from 1MDB. 

Amirul said he had recommended that the SRC loan be capped at RM1 billion, versus the initial requested amount of RM3.95 billion, in order to mitigate the repayment risk.

MMC said the termination is on the grounds of national interest, and will take effect five months from April 22.

"We will take action so that he will be reminded that no one is protected from regulations in the Parliament," Mahathir said.

The financially-stressed agency intends to revisit the terms of the LLA for a fairer deal.

The CEO will be taking over the group MD post vacated by Lodin — sources

"Based on calculations using the automated pricing mechanism (APM) formula, the retail price of RON95 and diesel for the period of March 2 to March 8 was supposed to be RM2.13 per litre and RM2.38 per litre respectively."

Mahathir said the EAC was not set up due to the underperformance of the ministers, but instead it was created as a channel for the government to listen to and address the people’s economic concerns.