News by THEEDGEMARKETS.COM

This follows the dismissal of a preliminary objection by DPP Fatnin Yusof against the hearing of Rosmah’s application, made on the technical ground that the applicant did not submit an affidavit to appear as a third party in the forfeiture suit.

This is because the purchaser, Bukit Selesa Developmemnt Sdn Bhd, has yet to obtain approval from the relevant authority in regards to the development order

The facility was granted by Affin Hwang Investment Bank Bhd, Affin Bank Bhd, Bank Pembangunan Malaysia Bhd and Malaysia Debt Ventures Bhd.

The group said six shareholders, who claim to collectively hold at least 10% of its issued share capital, are seeking an EGM on Dec 3 to consider appointing six new directors and removing nine existing ones.

Previously, some transactions related to its SPV had led to its auditors raising concerns.

“(The board of directors) asked you to go and seek the advice of the CBOA ... (but) you and Jho Low misled the CBOA because you said ‘consistent with the approval of the board’."

Shafee cited the example of Petroliam Nasional Bhd's (Petronas) M&A, which he claimed was also very controversial as it granted the PM even more powers over the company than 1MDB’s did.

“If there is no debt, construction of the rail (HSR) would have continued,” said Mahathir.

Thomas told theedgemarkets.com that the Nikkei Asian Review article with the headline that he was open to settling with Goldman in return for dropping the charges against them was wrong.

In a filing with the bourse, KIP REIT had acquired AEON Mall Kinta City, which resulted in an unrealised fair value gain of RM13.2 million that was partially offset by expenses incidental to the acquisition of RM3.5 million.