News by Ahmad Naqib Idris

"I didn't know what the money was for and I didn't know that the money was coming into IPSB's account," Shamsul said.  

"OCBC Bank is committed to the development of renewable energy in Malaysia, in support of the Malaysian government's target to increase the country's generation mix from renewable energy to 20% by 2025."

The proceedings were delayed today as the court waited for the accused and her bailor, but both did not show up for the case mention this morning.

Given that the High Court does not have any more free dates this year, Justice Sequerah set a total of 24 days for the trial in June and July 2020.

The remaining dates for the proceedings this month will be on May 28 and 29. The trial will then continue right after the Hari Raya Aidilfitri break from June 10 to 14.

He repeated this three times during questioning by deputy public prosecutor Muhammad Saifuddin Hashim Musaimi about payments of RM27 million and RM5 million on Dec 26, 2014 and a payment of RM10 million made on Feb 10, 2015.

"The reason for the transfer is recorded as 'CSR (corporate social responsibility) programmes'. I recognised the remittance form as I prepared the document," the witness said.

During cross-examination in the High Court here today, Datuk Seri Najib Razak's lawyer Harvinderjit Singh asked Azlida Mazni Arshad, who is the legal and secretarial vice president of KWAP, if any member of the investment panel had expressed their opposition to the facilities granted to SRC in any of the meetings held, as this would be reflected in the minutes of meeting taken by the witness. "Not in the minutes," said the witness.

Najib and Mohd Irwan are jointly facing six charges of criminal breach of trust involving RM6.64 billion of government funds for payments to IPIC.

In a statement today, the bank said RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will reduce their BR from 4% to 3.8% per annum, while the BLR is lowered to 6.75% from 6.95% per annum.