News by Ahmad Naqib Idris

REIT is expected to derive rental income from the proposed sub-lease upon completion of the proposed development.

The application will be heard at the Court of Appeal on July 23.

The BlackBerry phone had been seized from AmBank relationship manager Joanna Yu during a raid at the AmBank Group building here on July 6, 2015.

Defence lead counsel Tan Sri Muhammad Shafee Abdullah said had SRC's purpose been achieved, it would have been another Petronas, which would propel the economy of the country. "Yes," the witness agreed.

SRC had initially requested for a RM3.95 billion loan from KWAP in 2011. KWAP decided to only approve RM1 billion, citing the original requested amount as an 'overconcentration' of money to just one company in one industry.

Wan Abdul Aziz, 67, is the 45th prosecution witness to take the stand today and testify in the SRC trial as it enters its 35th day.

This was read out in court by former treasury deputy sec-gen.

V Sithambaram showed that 14 of the fund transfer documents which were scanned and sent to the bank also contained identical copies of Nik Faisal's signature next to Suboh's signature.

"I plead not guilty. I claim trial," said Riza.

Tan Sri Muhammad Shafee Abdullah: “All these monies going in and out of SRC were happening even before [Najib] was appointed adviser emeritus. All this talk of the adviser emeritus defrauding the company is a total red herring."