News by Paw Ai Chin

Shafee further read that the formation of TIA was to ensure that the state continues to receive some form of revenue should its oil well dry up.

Former SRC director Suboh tells court he was directed to avoid MACC’s investigation.

Ismee stuck to his guns amid arguments by defence lawyer regarding discrepancies in SRC documents.

Ismee told the High Court here today that the board was unaware of several cash transfers that took place. 

Ismee said he only got to know now that some of the personnel in SRC were close associates of the runaway businessman.

Harvinderjit today told Justice Mohd Nazlan that after the review, his team decided to resume the cross-examination with Ismee.

Ismee added that neither he nor the board was told about Nik Faisal’s meeting with KWAP, and he has no knowledge of SRC asking Nik Faisal to liaise with KWAP over the potential initial first loan.

"Shahrol Azral did not inform us [the SRC board] of the earlier account," said Ismee, who is the former SRC chairman.

Defence counsel Harvinderjit combed through details of SRC’s board meeting minutes and dived deep into certain specific wordings in order to show SRC’s board and its management acted independently from Najib.

When asked by the prosecution about the implication of the amendment, Ismee said: "The implication to SRC is that the advisor emeritus' views would have to be taken into account in material and strategic issues on the company."