News by THEEDGEMARKETS.COM

"When in-depth studies were conducted, immediate toll elimination cannot be done because the process requires the government to acquire (these highways)."   

Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.

Agrees with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.

"We cannot settle for trickle-down economics which to my mind is effectively 'leftover economics' benefiting only a few at the expense of the majority or average citizens let alone the low-income group."

"I believe that there is a huge moral hazard in having private entities own such strategic assets with the backing of government guarantees."

"I have told them that I have never received cheques with the amount indicated, and I have shown copies of cheques made to me to the police and MACC."

"Yes, we can sell. Whatever offer made on PLUS Malaysia will be studied by the government to determine whether it is suitable to our needs," he said.

The prosecution, led by Mohammad Al-Saifi Hashim, had proposed for the trial to be pushed for a later date as the dates previously set (Nov 18 to 29 and Jan 13 to 17, 2020) would clash with some of the dates in the 1MDB trial.
 

MACC chief commissioner Latheefa Koya: Our investigation will show that these monies that they have received — that we are now seeking back by way of compound — are monies from 1MDB. They belong to the Malaysian public.

"The money that we generate from the sales of assets will then be reinvested into other assets, and we want to make sure that it gives a better return and profit to Khazanah and subsequently will be able to give dividends to the government."