News by theedgemarkets.com

Rosmah is facing 17 charges under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Ahmad Farhan that there is a provision in AMLA that does not permit warnings about suspicious transactions, so Najib would not have been alerted.

Thomas said the first tranche of returned funds of US$57.04 million (RM233.7 million) was credited into the 1MDB asset recovery account, a segregated trust account opened specifically for this purpose.

Total group revenue was higher at RM353.45 million in the first quarter ended March 31, 2019 (1QFY19) versus RM345.11 million.

Amirul said he had recommended that the SRC loan be capped at RM1 billion, versus the initial requested amount of RM3.95 billion, in order to mitigate the repayment risk.

The central bank had kept the benchmark overnight policy rate (OPR) at 3.25% since Jan 25, 2018, when it raised the rate by 25 basis points.

Ng entered his plea in Brooklyn federal court on Monday, just hours after being flown back to the United States.

An agreement was finally worked out between the US and Malaysian authorities last week.

"Throughout my experience in my service in KWAP, both of the loans to SRC amounting to RM4 billion was amongst the largest I have seen approved by KWAP," Amirul Imran told the High Court today.

The approved loan was to be used for general investment "without limitations".