Govt allowed to seize RM49m in cash belonging to Jho Low's father
“There are no third parties to claim all seven assets owned by Low Hock Peng.”
Apex court rules hoteliers cannot use 10% service charge to meet minimum wage requirements
Datuk Nallini Pathmanathan, in a summary of her judgement to the press, said the 10% service charge “does not belong to the hotel” and as such, should go to the employees.
Prosecution’s case in Zahid’s CBT, corruption, money laundering trial comes to a close
Former deputy prime minister Datuk Seri Ahmad Zahid Hamidi is facing 47 charges involving millions of ringgit belonging to his charity arm Akalbudi Foundation.
Zahid's foundation cannot receive political donations — MACC officer
Malaysian Anti-Corruption Commission (MACC) investigating officer Khairudin Kilau told the court this when Zahid’s lawyer Datuk Ahmad Zaidi Zainal suggested that the money was actually political donations from third parties which the former deputy premier parked in Yayasan Akalbudi’s bank account.
Hard to trace money trail at NFC, says defendant’s witness
Defendant’s first witness Andrew Heng, a partner in the firm Ferrier Hodgson MH: NFC was operating and trading at that time (between 2008 and 2011), they were accruing revenue. There is no way to trace that money went to the defendants and no way to trace if they had used the money for purposes outside NFC
Cattle farmer NFC would be worth RM95 million had it remained in operation, says expert witness
The defendant's first witness Andrew Heng, a partner in the firm Ferrier Hodgson MH, testified that the net worth of RM85-RM95 million was based on his projections. Heng was commissioned by NFC to conduct a review of a due diligence report conducted by PricewaterhouseCoopers Malaysia.
Roger Ng's US trial expected to begin June or July; still unclear when he will return to Malaysia
Ng is facing four charges in Malaysia and currently extradited to the US while awaiting his trial for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs handled.
Court dismisses NFC's bid to sell three plots of land procured from Negri Sembilan govt
Judicial Commissioner Anand Ponnudurai dismissed the application by the eleven defendants when trial resumed this morning, and awarded costs in the cause to the Federal Government.
Zahid asked Singaporean businessman for RM10m donation, says witness
According to news reports, former deputy prime minister Datuk Seri Ahmad Zahid Hamidi is facing 47 charges involving millions of ringgit belonging to Yayasan Akalbudi.
Albukhary’s RM5m donation to Zahid’s foundation was paid by cheque, says MACC officer
Malaysian Anti-Corruption Commission (MACC) investigating officer Amirudin Nordin, testifying in Zahid’s corruption trial, said there were no documents from both foundations to show that Yayasan Albukhary had made the donation to Yayasan Akalbudi in cash.
