News by Hafiz Yatim

Judicial management is a method of debt restructuring where a qualified insolvency practitioner is appointed as an independent judicial manager to rehabilitate a financially-troubled company.

This relates to the condos in Pavilion Residences which are also subject to forfeiture by the Malaysian government, as they had been used to house the items acquired from proceeds allegedly obtained using 1Malaysia Development Bhd (1MDB) funds.

The order was made by Justice Datuk Muhammad Jamil Hussin after hearing the submission by Rosmah's lawyer, Iskandar Shah Ibrahim, and objection by Deputy Public Prosecutor Fatnin Yusof.

Quizzed by ad-hoc prosecutor Datuk V Sithambaram, the witness (Tan Sri Dzulkifli Ahmad) said he only knew further statements were recorded by the commission from media reports quoting his successor Datuk Seri Mohd Shukri Abdull.

Dzulkifli, 52, who later replaced Abu Kassim as MACC chief commissioner in 2016, said it was not proper for his predecessor to recommend charging the former premier as various statements from vital witnesses had not been recorded.

“In a letter by Jepak Holdings to the ministry on Sept 1, 2016, it said it was prepared to meet to discuss over the project. However, I found that Jepak did not submit the detailed proposal, its finance and technical plan, to the ministry.”

The four include former premier Datuk Seri Najib Abdul Razak's 1Malaysia Development Bhd (1MDB) trial, Najib and former 1MDB president Arul Kanda Kandasamy's joint 1MDB audit tampering case, and Najib's wife Datin Seri Rosmah Mansor's graft trial.

Justice Datuk Ahmad Bache fixed the date in chambers after dismissing the Pekan lawmaker’s application for a stay of proceedings last week.

Latheefa said the revelation about Tengku Adnan's wealth during his graft trial yesterday is a "serious" matter.

Deputy public prosecutor (DPP) Julia Ibrahim brought up a receipt book used by Umno to issue the disputed payment slip to Aset Kayamas Sdn Bhd managing director Tan Sri Chai Kin Kong in 2016 for the RM2 million cheque he had made out to Tengku Adnan’s company Tadmansori Holdings Sdn Bhd during his graft trial today.