1MDB-Tanore trial vacated to make way for last leg of SRC, to resume on June 29
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.
Hotel closures, staff reduction, paycuts for Swiss Garden International
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.
Hastiness in issuance of GG and KWAP loan raises suspicions, prosecution submits in Najib trial
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.
Prosecution says no need to call SRC CFO to the stand as other witnesses had verified fund transfers
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.
Prosecution in SRC trial asserts Najib had absolute knowledge of RM42m in his accounts
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.
Najib did not check account as late secretary would have confirmed if there were enough: Defence
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.
Prosecution leaves hole in their case by not calling SRC CFO to testify, Najib's lawyers argue
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.
Malaysia's first virtual mall to be launched in 3Q
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.
Najib's admission in Ling's case cannot be used as presumption of guilt, says defence in SRC trial
KUALA LUMPUR (June 1): Datuk Seri Najib Razak's (pictured) defence team tells the court today that an affidavit he submitted in 2016 for another case, in which he admitted that the RM42 million that ended up in his personal accounts came from SRC International Sdn Bhd, should not be considered as an admission of guilt.
Berjaya Land wins RM595m arbitration award against Chinese mall buyer
KUALA LUMPUR (May 28): A Berjaya Land Bhd (BLand) unit has won an arbitration award of 947.
