News about international

SYDNEY: Property developer EcoWorld International (EWI) has completed its maiden project West Village at Parramatta, New South Wales, Australia and has started the handover of the homes to owners in the first week of June.

KUALA LUMPUR (June 4): The defence in former Prime Minister Datuk Seri Najib Abdul Razak’s SRC International Sdn Bhd trial told the High Court here today that it was difficult to mount the best defence possible for their client as he was a prime minister and a man with immense power.

KUALA LUMPUR (June 4): The 1MDB-Tanore trial will resume on June 29 as it has been vacated today to make way for the last leg of the SRC International Sdn Bhd trial.

KUALA LUMPUR (June 4): More hotel closures seem to be the order of the day due to the Covid-19 pandemic and the latest casualties are three Swiss Garden International (SGI) hotels across the country, the New Straits Times (NST) reported today.

KUALA LUMPUR (June 3): The hastiness in the issuance of the government guarantee (GG), and disbursement of funds, with regards to the RM4 billion loan taken by SRC International Sdn Bhd from the Retirement Fund Inc (KWAP) raises suspicions and points to power abuse, the High Court was told today.

KUALA LUMPUR (June 3): The prosecution at the SRC International Sdn Bhd trial explained that they did not need to call SRC’s chief financial officer (CFO) See Yoke Peng as a witness to verify that she had approved the transfer of hundreds of millions of ringgit out of the company as other witnesses had already verified this fact.

KUALA LUMPUR (June 3): The prosecution in Datuk Seri Najib Abdul Razak’s SRC International Sdn Bhd trial contended that the former prime minister had absolute knowledge of RM42 million from SRC which ended up in his accounts.

KUALA LUMPUR (June 3): The defence concluded its submissions on the three money laundering charges faced by Datuk Seri Najib Abdul Razak by saying that the former premier did not check the deposits in his accounts as he thought they were Saudi Arabian donations, and that his deceased senior private secretary would have confirmed if there were enough funds or not.

KUALA LUMPUR (June 2): Former prime minister Datuk Seri Najib Razak's (pictured) lawyers submitted in court today that the prosecution has left a big gap in their case by not putting on the stand SRC International Sdn Bhd chief financial officer (CFO) See Yoke Peng as a witness to verify that she had approved the transfer of hundreds of millions of ringgit out of the company.

PETALING JAYA (June 2): Ideal United Bintang International Bhd (IUBIB) aims to launch the 1st Avenue virtual mall in 3Q2020 following the completion of its acquisition of the mall located on Jalan Magazine in Penang.