News about international

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.

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 18): The board members of SRC International Sdn Bhd would not have been able to remain in their positions if they had refused to follow the instructions of Datuk Seri Najib Razak, said its former chairman Tan Sri Ismee Ismail.

KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).

KUALA LUMPUR (June 17): Fugitive financier Low Taek Jho — better known as Jho Low — was mentioned again in today's SRC International Sdn Bhd proceedings.

KUALA LUMPUR (June 17): Two men linked to the 1Malaysia Development Bhd (1MDB) kleptocracy scandal have been convicted of financial crimes and sentenced to jail in Abu Dhabi, The Wall Street Journal reported yesterday, citing a statement from the emirate’s criminal court.

KUALA LUMPUR (June 14): The defence lawyers in the SRC International Sdn Bhd trial decided to proceed with the testimony of its former chairman Tan Sri Ismee Ismail after all, following their scrutiny of his oral evidence transcript for alleged deviations from his witness statement.