News by Hafiz Yatim

The writ sighted by The Edge stated that in January 2019, SRC was placed under the new management under the Ministry of Finance (MoF) and thereafter it discovered that the former board of directors did not take any reasonable steps on the proper use of the RM4 billion Retirement Fund (Incorporated) (KWAP) loans, given in 2011 and 2012, for its general investment capacities and working capital.

Also sued are individuals including former prime minister Datuk Seri Najib Razak, former Treasury secretary-general Tan Sri Mohd Irwan Serigar, as well as former 1MDB chief executive officers (CEOs) Datuk Shahrol Ibrahim Halmi and Arul Kanda Kandasamy, among others.

Various claims were made against individuals like former premier Datuk Seri Najib Razak, former 1MDB office bearers like Tan Sri Che Lodin Wok Kamaruddin, and former chief executive officers (CEOs) of 1MDB Datuk Shahrol Azral Ibrahim Halmi, Arul Kanda Kandasamy and Mohd Hazem Abdul Rahman. 

Iskandar told the High Court here today that out of the 263 handbags seized from Rosmah and her daughter Nooryana Najwa Najib, 52 are owned by Rosmah.

At the High Court, David Matthews, who represented Najib and Rosmah, told reporters that Deepak had made inconsistent statements in his previous affidavits which contradicted assertions in his previous application.

The trial was originally fixed from July 5 to 8.

“We have instructions to seek leave from the Federal Court to appeal against the Court of Appeal decision."

This follows the apex court today granting their habeas corpus application, where the bench discovered the magistrate in issuing the 21-day remand order did not comply with the guidelines to look into the merits of the police application into imposing the detention.

The amount was for securing Khairuddin's release after his two-month Sosma detention was declared unlawful and charges under the Act were later dropped.

The court was informed by Lokman's lawyers their client had already deleted the two videos allegedly contained defamatory statements against Rosli.