News about international

  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.

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.

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.

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.

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.

KUALA LUMPUR (July 1): The federal government via the Ministry of Transport will review the proposal for the development of Kulim International Airport in Kedah, says deputy transport minister Datuk Kamarudin Jaffar.

KUALA LUMPUR (July 1): The High Court here has refused to give former prime minister Datuk Seri Najib Razak leave to attend parliament today on the grounds that while he is an MP, he is also facing seven criminal charges.

KUALA LUMPUR (June 27): Senior lawyer Tan Sri Muhammad Shafee Abdullah's money laundering trial, which was scheduled to begin next month, will instead start in March next year so that his original trial dates may be used for Datuk Seri Najib Razak's ongoing SRC International Sdn Bhd trial, where Shafee is serving as the former premier's lead defence counsel.

KUALA LUMPUR (June 26): A penthouse in Manhattan’s Walker Tower, USA, allegedly purchased with money funnelled from 1Malaysia Development Bhd (1MDB), will be put up for sale.

KUALA LUMPUR (June 24): The trade diversion benefits caused by the ongoing US-China dispute may not necessarily translate into longer term developments that can contribute to the economy, says International Monetary Fund (IMF) managing director Christine Lagarde.