News by theedgemarkets.com

Gandingan Mentari was fronted as SRC's corporate social responsibility arm, but was allegedly used to divert funds from SRC — previously a unit of 1Malaysia Development Bhd (1MDB) — into the personal bank account of former prime minister Datuk Seri Najib Razak.

Bung Moktar, who is also former Felcra Bhd chairman, and Zizie Izette have been charged for accepting RM2.8 million bribes to obtain approval for Felcra to invest RM150 million in Public Mutual Bhd Unit Trust.

This came after Justice Nazlan dismissed Ku Nan's bid to recuse the former from hearing the case.

“(The threats) may come from the previous Government, not necessarily from Najib but his people or supporters..."

Amhari, who was the former Prime Minister’s special officer, said he did not make any claims for the trips from the Prime Minister’s Department, as they were considered “secret missions”.

...when he said that Low Taek Jho has never worked for 1MDB.

Moving forward, Eco World Development said the future revenue attributable to the group amounted to RM5.86 billion as at end-August, which would be translated to profit within the next three years.

Amhari, the eighth prosecution witness in the 1MDB-Tanore trial, however, denied the allegation.

"... now we have a very important disclosure about the circumstances under which the ECRL was hashed out ..."

In a filing with Bursa Malaysia, Seacera said SCSB received a legal summon on Sept 5, and that the date of the auction has yet to be fixed but will not be less than one month from the date of the court order.