News by Adam Aziz

However, defence lead counsel Tan Sri Muhammad Shafee Abdullah requested that the trial to be postponed until Sept 3 this year.

"The net negative revenue of the previous year corresponding quarter was due to cancellations of certain sale and purchase agreements during the period and the effects of MFRS 15."

The IRB filed the suit to claim the RM1.69 billion from Najib on June 25, after the former premier failed to respond to an initial enquiry by the board in March on additional tax assessments of RM1.47 billion.

This came as the lawyer representing Paragon Globe Bhd ex-chairman Datuk Tan Eng Boon, who has been instructed by the High Court to undergo a joint trial with the former territories minister for the case, is not available on that date.

They were: private secretary to the former Prime Minister Datuk Seri Azlin Alias, Economic Planning Unit director general Datuk Noriah Ahmad, Umno Penang liaison committee chairman Datuk Seri Zainal Abidin Osman, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) investment chief Ahmad Norhisham, and someone by the name of Izat Izaidi.

Najib posted the two Facebook posts to justify his credit card spending of RM3.3 million at a Swiss jeweller in Rome — which was raised in court in relation to charges against him — by saying he purchased gifts for a senior member of royalty.

It was reported that Tan is accused of giving — and Ku Nan receiving — RM1 million for the approval of Nucleus Properties Sdn Bhd's application (now known as Paragon City Development Sdn Bhd), to increase the plot ratio relating to the development of Lot 228 along Jalan Semarak here.

"The [rationalisation] plan was done by me, but the implementation was not done by me... It was done by Arul (former 1MDB chief executive officer Arul Kanda Kandasamy)."

Husni had testified that he was instructed to sign documents pertaining to the government guarantee for SRC’s first RM2 billion from Kumpulan Wang Persaraan (Diperbadankan) (KWAP) despite not having sufficient documentation to scrutinise the arrangement. 

Ahmad Husni said he decided to resign when Najib told him after an Economic Action Council meeting in June 2016 to move to the Housing and Local Government Ministry before the 1MDB rationalisation was completed.