Mulpha International up 2.34% on disposing Cairns resort for RM188m
KUALA LUMPUR (July 18): Mulpha International Bhd shares rose 2.
YR1M CEO: Najib's private secretary told me to get Ihsan Perdana to move RM42m into Najib's accounts
KUALA LUMPUR (July 16): Former Yayasan Rakyat 1Malaysia (YR1M) chief executive officer Ung Su Ling told the High Court here today that the instructions to transfer RM27 million and RM5 million on December 26, 2014 and RM10 million on February 10, 2015 into Datuk Seri Najib Razak's accounts at AmBank came from his late private secretary Datuk Seri Azlin Alias.
SRC borrowed RM4b from KWAP — and must repay more than RM9.2b
KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay back more than RM9.
Funds from Jho Low-linked firms to Najib were for 'loan purposes', says witness
KUALA LUMPUR (July 15): Transactions from accounts linked to fugitive businessman Low Taek Jho — better known as Jho Low — into the AmBank account of Datuk Seri Najib Razak in 2015 included transaction details which described them as loan payments, and not donations as the former prime minister had claimed previously.
Najib used SRC funds to pay credit card bills which include RM3.3m shopping spree at Swiss jeweller
KUALA LUMPUR (July 15): Datuk Seri Najib Razak had racked up charges of RM3.
Najib to withdraw appeal against High Court's rejection of SRC charges strikeout bid
KUALA LUMPUR (July 12): Datuk Seri Najib Razak (pictured) will be withdrawing his appeal against the High Court's decision to reject his application to strike out seven charges he is facing over RM42 million of SRC International Sdn Bhd's funds.
Jho Low’s name found in phone of banker handling Najib’s accounts
KUALA LUMPUR (July 12): A Bank Negara Malaysia (BNM) officer testified yesterday he noticed the name of fugitive businessman Low Taek Jho, better known as Jho Low, in data extracted from a mobile telephone belonging to a bank officer who handled former premier Datuk Seri Najib Razak’s personal accounts.
Loan given out before govt guarantee issued as SRC needed second RM2b loan ‘urgently’
KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.
None of SRC's money went to Nik Faisal's account, argues prosecution
KUALA LUMPUR (July 8): The prosecution has argued that none of the money that were transferred from SRC International Sdn Bhd's bank account went into former managing director Nik Faisal Nik Ariff Kamil's bank account, despite the defence's assertions that witness Datuk Suboh Md Yassin's signatures on the bank transfer documents were forged by Nik Faisal.
Suboh signed SRC document even while hiding in Bangkok
KUALA LUMPUR (July 1): Former SRC International Sdn Bhd director Datuk Mohd Yassin Md Suboh signed a directors’ circular resolution (DCR) ratifying Ihsan Perdana Sdn Bhd as the corporate social responsibility (CSR) partner of the company while he was hiding in Bangkok, Thailand.
