News by Chester Tay

During the 1MDB-Tanore trial yesterday, Former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi denied he was part of a plot to defraud the fund, even though he had presented to his board of directors, proposals to continue partnering with PSI in 2010 — after their dubious JV a year ago.

This extended schedule will be in force until the end of next week to make up for the controversial absence of Najib on Oct 31.

At the KL High Court today, Justice Datuk Azimah Omar ordered the former minister to pay RM2,000 costs to the plaintiff after the defendant withdrew the application.

The buyer is Hemat Tuah Sdn Bhd, which currently owns the other 55% stake in the company, Tropicana Ivory Sdn Bhd (TISB).

"Only three of us have this picture. I hope it doesn't go into the internet for Halloween purposes," Shafee told Justice Sequerah.

Malaysia is the first country in the world to prosecute Goldman Sachs as a company, filing charges in December last year against Goldman Sachs (Asia) LLC, Goldman Sachs International (UK) and Goldman Sachs (Singapore), and is seeking US$2.7 billion in fines.

Only RBS Coutts Bank Ltd — which held Good Star's account number 11116073 — requested information on the ultimate beneficiary of the funds from Deustche Bank KL prior to crediting money into the account.

Qaiser said that to date, less than a tenth of the fund has been used to partially subsidise borrowers under the scheme.

The trust, which owns Mid Valley Megamall and Gardens Mall, declared 2.31 sen of income distribution per unit. 

“The proposal will go through public display for the next few months and the new ECRL alignment will change the landscape of Port Klang and PKFZ.”