SRC had initially requested for a RM3.95 billion loan from KWAP in 2011. KWAP decided to only approve RM1 billion, citing the original requested amount as an 'overconcentration' of money to just one company in one industry.
Wan Abdul Aziz, 67, is the 45th prosecution witness to take the stand today and testify in the SRC trial as it enters its 35th day.
Datuk Maliami Hamad, who was the ministry’s secretary (management, loan, capital market and actuarial) before he retired, said he was instructed by his superior, MoF’s secretary-general Tan Sri Wan Abdul Aziz Wan Abdullah, to process the former 1Malaysia Development Bhd (1MDB) subsidiary’s government guarantee application, after receiving instruction from “top people” during cross-examination by lead defence counsel Tan Sri Shafee Abdullah.
However, the loan was disbursed months before the government guarantee was given.
Sequerah said the court is concerned with the undue prolonging of the case as OBYU's lawyers had wanted to fix a date in August.
This follows High Court judge Sequerah's refusal to grant an adjournment requested by AG Thomas for the August and September trial dates.
The Practice Note 17 (PN17) status company said in a filing yesterday that it is selling the unit, measuring 277.97 square metres, in the Belezza Permata Hijau apartment building, to an individual buyer for 4.65 billion rupiah (RM1.35 million).
To’ Puan Azian Mohd Aziz, Professor Xiao’ou Tang and Lau Seng Yee's appointments to the Malaysian sovereign wealth fund's board of directors are effective Wednesday (June 26).
The government agency said it has just completed two separate open tender exercises to appoint its Technical Advisory Consultant (TAC) and Commercial Advisory Consultant (CAC) for the rail project.
The transition of power between Dr Mahathir and Anwar has been a contentious issue given that no formal time frame had been set by the former.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
